Liberty to invest CZK 8.6 billion (EUR 350 million) in Ostrava

Cristian Hatis 2 Min Read

Liberty signed a contract with Danieli for the delivery of two state-of-the-art hybrid electric arc furnaces at the centre of Ostrava’s Greensteel transformation plan.

The CZK 8.6 billion (EUR 350 million) investment, which will be the largest investment in the steelworks for a generation, is a huge step forward in Liberty Ostrava’s plan to become carbon neutral by 2030,

The new furnaces, the first of their kind in Europe, will have a combined capacity of 3.5 million tonnes per annum (mtpa) and will reduce the overall CO2 emissions of the Ostrava steelworks by more than 80% by 2027.

The new furnaces are expected to be operational in 2025 and will be able to melt 100% scrap in 2027 following the planned installation of a 400kV electricity line into the Ostrava steelworks.

Liberty Ostrava is an integrated steel business with an annual production capacity of approximately 3.6 million tonnes per annum serving construction, machinery and oil & gas industries.

The company is a domestic leader in the manufacture of road barriers and tubes. In addition to the Czech market, it supplies its products to more than 40 countries around the world.

Even more, together with its subsidiaries in Ostrava, the company has 6,000 employees.

MUST READ: BMW moves internal combustion engines production to Austria and UK

Share this Article