TKS to invest €124 million in Terni
German steel producer ThyssenKrupp AG reportedly plans to invest €124 million in
stainless steel
production at its Italian plant, Acciai Speciali Terni, over the next five years.
The investment will include establishment of a new cold rolled mill that will have an annual
production capacity of 200'000 tons. €30 million will be invested in the mill, which is scheduled to be operational in 2006.
The remaining €94 million will reportedly be used to upgrade Terni.
The €124 million investment is expected to increase Terni's current capacity of 1.2 million tons per annum to 1.4-1.5 million tons by 2009.