Italian company Liberty Steel Group celebrated the restart of its pickling line at La Magona in Piombino and the completion of the plant’s organic coated line No 1(OC1) which was idled in 2009, according to a press release.
After an investment of $11.56mn (€10mn) the company’s production capacity has increased by 40pc, and leading to a 20pc rise in employment.
An additional investment of $5.69mn (€5mn) towards both, the restart and completion of the pickling line and OC1, has doubled the production of Liberty Magona’s premium organic coated product and has been able to support domestic and export demand.
The pickling line has a processing speed of 180m/min and an installed capacity of 876kt/year and the organic coating No 1 line (OC1) has a production capacity of 130kt/year and its processing speed is 100m/min.