The "Mechel" România Group is negotiating with a potential investor interested in its Romanian assets, according to the representatives of the company. They have also said that the party with whom they are negotiating intends to preserve the integrity of the "Mechel" plants. The quoted sources said that for the time being, they can't reveal the name of the potential investor.
At the end of last week, the "Mechel" metallurgic group announced that it was looking to sell numerous assets across Europe, including the plants it owns in Romania, specifically "Mechel" Târgovişte, "Mechel" Câmpia Turzii, "Laminorul" Brăila and the two "Ductil Steel" plants.
Last week, officials of the company told us that the five plants will not be sold, but will instead continue to operate normally. Thus, according to the quoted sources, the sale of the "Mechel" plants represents just one of the possible options for dealing with the situation.
"We have a program to optimize costs and personnel. At Oţelu Roşu the last stage of a major investment process is ending. In October, a new equipment will be commissioned at Oţelu Roşu, which will lower the energy costs and will increase the effectiveness of the output. In other words, we will produce more in the same time. The investment is part of a greater investment program, of 50 million Euros, which is close to completion. Last year, a new complex for the elaboration of steel was commissioned, which is also part of the investment process which we mentioned", the company officials said.
* Liviu Pop: An Italian investor wants to buy "Mechel"
An Italian company expressed its intention to buy the "Mechel" Romania Group, according to a statement quoted by Mediafax, made yesterday in Cluj by the delegated minister for social dialog. The official said that the Italian investor will maintain the line of business for the fi
