More than $ 159 million will be invested in liberty Ostrava in new possession

After the bankruptcy of the Czech steel liberty Ostrava, a consortium, led by the former deputy prime minister of the country, Martin Stake, acquired a plant for 3.01 billion Czech Croats ($ 145.5 million), local media reported. The plant will now work under the new Nova Hut name and is preparing for a large -scale modernization program supported by significant investment.

Thanks to the bold plans for restructuring and investment, new possession is aimed at restoring the competitiveness of the enterprise, modernizing operations and repositioning of the plant as part of a developing steel sector Europe.

The acquisition marks the beginning of a wide restructuring aimed at stabilizing the plant’s activity, reducing costs and ensuring its long -term future. The strategy combines the consolidation of assets, reorganization of labor and updating the main production capacities. old or secondary installations can be disabled.

green steel transformation

The central place in the investment program is introduced by the implementation of advanced, environmentally stable technologies. Plans include the installation of two hybrid arc electric furnaces (EAFs) to replace old blast furnaces. These installations will allow flexible steel using a mixture of hot metal, straight restoration iron (DRI), hot briquetted iron (HBI) and scrap, significantly reducing carbon outlets.