VSŽ-US Steel JV to restart canned tinning project

The joint venture between US Steel Group and VSŽ Košice - VSZ US Steel - will restart the first phase of a delayed project for expanding production capacity. The project was deferred from this January because of VSŽ's financial problems, said US Steel spokesman Thomas Ferrall on October 29.

After completion of the project, the production of tinned sheets used for food packaging at the JV will increase from 140,000 tons to 340,000 tons annually. The project will create almost 1,300 jobs.

Part of the costs of the expansion will be covered from the first capital investment US Steel made at the beginning of last year, while the remainder will be met from the revenues of the joint venture.

VSZ-US Steel was established in early 1998. The US partner invested 2 billion crowns.

Top stories

News digest: Lockdown effects not fully seen yet, Bratislava shuts schools

Lockdown reduces mobility and new cases, but not hospitalisations. Cabinet approves €500 vouchers for seniors.


7 h
Some schools in Slovakia have been closed.

Some schools in Bratislava will switch to remote learning

Only kindergartens and grades one through four will remain open.


8 h
Finance Minister Igor Matovič presented his latest idea to boost vaccination rate and help businesses hit by the pandemic.

Finance Minister Matovič has a new way of boosting vaccination: €500 vouchers

The vouchers should be given to old people who decide to get vaccinated, to be subsequently spent on goods and services.


30. nov
Skryť Close ad