Poland-based coking coal exporter Węglokoks has unveiled a new strategy through 2030, planning investments of over $2.3 billion aimed at transforming its business model and reducing its reliance on coal, according to local media reports.
The group intends to reposition itself by focusing on steel, energy and logistics, marking a significant shift in its long-term development strategy.
Steel to become key revenue driver
Under the new strategy, Węglokoks expects the steel segment to account for around 69 percent of total revenues by 2030, highlighting its growing importance within the group.
The company currently operates assets such as Huta Częstochowa and Huta Łabędy, which are expected to play a central role in the transformation.
The planned capital expenditure of over $2.3 billion will be allocated across key segments:
- $1 billion for energy,
- $786 million for logistics and related activities,
- $550 million for the steel segment.
These investments are aimed at diversifying operations and strengthening the group’s industrial base.
Węglokoks noted that the announced investment plan does not include major modernization projects at its steel mills, including Huta Częstochowa and Huta Łabędy. These additional projects are expected to be financed through internal resources, loans and credit facilities, and potential state-backed development funds.
Transformation beyond coal business
The company emphasized that it no longer aims to be associated solely with coal, reflecting broader structural changes in Poland’s industrial and energy landscape. The new strategy is designed to diversify revenue streams, increase resilience to market changes, and align with long-term industrial transformation trends.