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ArcelorMittal invests at Industeel facility in Charleroi

ArcelorMittal inaugurated on 18 Noevmber 2011 a new facility of Industeel Belgium. The project required an investment of 28.7 million euro and involved more than 90 companies and 500 workers. The new facility will have a production capacity of 100,000 tons of special plates for oil & gas, mining, and other industries. The production lines have been running at full capacity since May 2011.

The investment allows Industeel Belgium to meet the increasing quality standards of its national and international clients. Various applications require steel to have special properties such as mechanical strength, weldability, machinability, formability and thickness. These type of special plates are often used in critical applications where failures can have serious or even catastrophic consequences for the environment. The quality and reliability of the products, even under the most severe operating conditions, makes them environmentally safe for nuclear reactors, water treatment facilities, oil refineries, gas treatment installations, chemical plants and all environment-critical steel plate applications. More than 50% of the steel plates produced in Charleroi are exported outside of Europe, particularly to Asia.

"This investment in Industeel demonstrates ArcelorMittal's commitment to maintaining its leadership in the special steel plate market. The investment is further evidence of ArcelorMittal being at the forefront of innovation and new technologies as well as its commitment to health and safety" underlined Alex Nick, CEO of Industeel.

About Industeel Belgium

Previously known as "Fabrique de Fer", Industeel Belgium in Charleroi employs 950 people and is specialised in plate fabrication from thin gauge (5mm) up to thick gauge (150mm) with a maximum plate weight of 16 tons. Industeel Belgium manufactures between 150.000 and 220.000 tones of special steel plates per year. Industeel Belgium is worldwide leader in the fabrication of quarto plates used for liquefied natural gas storage tanks.

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