Polish coking coal exporter Węglokoks has unveiled a new strategy to 2030, planning investments of more than $2.3 billion aimed at transforming its business model and reducing its dependence on coal, according to local media reports.
The group is set to reposition itself to focus on steel, energy and logistics, marking a significant shift in its long-term strategy development.
Steel will become a key source of income
Under the new strategy, Węglokoks expects the steel segment to account for around 69 percent of total revenue by 2030, highlighting its growing importance within the group.
The company currently manages assets such as Huta Częstochowa and Huta Łabędy, which are expected to play a central role in
Planned capital expenditures of more than $2.3 billion will be distributed 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 activities and strengthening the group's production base.
Weglokoks noted that the announced investment plan does not include large modernization projects at steel plants, including Huta Częstochowa and Huta Łabędy. These additional projects are expected to be financed through internal resources, loans and lines of credit, as well as potential government development funds.
Transformation beyond the coal business
The company stressed that it no longer seeks to be associated exclusively 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 meet long-term trends in industrial transformation
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