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US Steel Košice investing Sk5 billion

US STEEL Košice, Slovakia's biggest steel mill, yesterday started work on an Sk5 billion (€130.6 million) hall for a galvanizing line that will produce sheet metal for the automotive industry.

The hall will be up and running in two years, producing 350,000 tonnes of sheet metal per year. Around 100 people will work in the new production facility, the Pravda daily reported.

"We are starting the work immediately so that we coordinate start of production with the launch of car production at the KIA plant in Žilina," John Surma, the head of the US corporation said.

Other European carmakers are also targeted as possible customers.

David Lohr, the head of US Steel Košice said that his company had not yet signed contracts on the supply of sheet metal with individual carmakers, but noted that all carmakers in the region were seen as potential customers.

Additional investments totalling approximately Sk600 million (€15.7 million) for the production of a steel substrate will follow.

Compiled by Martina Jurinová from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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