Donalam Calarasi, a Romanian steel mill that is part of Italy’s Beltrame group, has completed a €4mn ($4.4mn) investment in special equipment for steel bars treatment.
The new equipment will enable the company to manufacture steel products with increased added-value and allow for more customized orders.
Carlo Beltrame, chief executive officer, Donalam Calarasi said the company has other ambitious investments for the coming years. The mill is targeting industry sectors with high standards including the automotive industry. For 2020, Donalam seeks to identify new business niches despite the overall weak steel demand because of COVID-19.
The company’s new business strategy, resulting from a joint venture with German group GMH, is to import raw material from Germany and process hot rolling and finishing in Romania.
Donalam was created in 2006, following Beltrame’s acquisition of the Siderca hot rolling mill in Calarasi and employs 270 people. In 2019, the company posted sales of €78mn with volume sales of 106,000mt. New quenching and tempering unit became operational at the end of June 2019.
($1=€0.914)