Following acquisitions in Slovakia and Jugoslavia and its failure to penetrate the Czech Republic, US Steel has set its sights on Poland, expecting an invitation to privatise the Polish PHS Holding steel works in January 2003.
US Steel Košice president John Goodish said the firm had been interested in the Polish site in Katorce since September 2001, and was now waiting only to see the final shape of Poland’s deal with the European Union on economic competition to go ahead.
The Katorce works produces 7.6 million tonnes of steel annually, compared to Slovakia’s 4.5 million, and employs over 30,000 people. US Steel has already drawn up a 10-year production and sales plan for PHS.
Compiled by Tom Nicholson from press reports.
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