5. December 2005 at 00:00

US Steel invests $605 million

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FIVE years since taking over the former VSŽ steel mill, US Steel Košice has invested $605 million of the $700 million (€597 million) it promised to invest in the factory over the course of 10 years, the Hospodárske noviny wrote

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Employment remains at 16,000, and around 4.5 million tonnes of steel are produced annually at the plant, said USSK president David Lohr.

The company's most recent large investment is a $160 million (€136 million) hot-dip galvanizing line for the production of high-quality steel for the automotive industry.

Of the total investments, $200 million (€170.5 million) went to environmental protection and ecological projects.

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