The administration resumes the tender for the sale of Galati on June 19
Romanian steel and pipe company Liberty Galati has been put up for sale in a new public tender following the approval of amendments to restructuring plans approved by the court. The tender is scheduled for June 19, the administrators of Euro Insol and CITR confirm in a notification sent to Kallanish.
The combined steel plant and pipe production assets will be offered at a reduced starting price of 463 million euros ($531 million). excluding VAT.
The plant is the largest united steel company in Romania. The producer, with a capacity of up to 3 million tons of steel per year, is located on a 1,600-hectare site in Galac. It has a private river port on the Danube with specialized loading and unloading berths, rail links to the European railway network, well-developed road infrastructure and proximity to the port of Constanta, providing access to the Black Sea.
According to the presentation distributed by the administrators, the steel mill complex includes three sintering machines, two of which are in working condition, two blast furnaces, one of which is in working condition, a steel workshop with three continuous casting machines and two quarto sheet mills, one of which is in working condition, with a capacity of 2.2 million tons per year and a thickness range from 6 to 200 mm.
The delivery package also includes hot rolling equipment, including a tandem mill with a capacity of 1.8 million tons per year and a cutting capacity of 100,000 tons per year, as well as cold rolling equipment with a capacity of 750,000 tons per year, an etching line with a capacity of 850,000 tons per year, a galvanizing line with a capacity of 225,000 tons per year. and an organic coating line with a capacity of 80,000 tons per year, as well as a coke plant, a slag heap, its own engineering infrastructure, land plots and buildings.
A nearby pipe factory with a capacity of 50,000 tons per year produces pipes welded by longitudinal submerged arc welding (LSAW) with a diameter of 508-1422 mm and a wall thickness of 6.35–25.4 mm, which is provided by the possibility of applying 3LPE/3LPP coatings. The company mainly uses thick-rolled products supplied from its own LTG2 rolling mill, while alternative sources are from rolling mills in Europe and other non-EU countries.
To participate in the tender, it is necessary to purchase official tender documentation containing detailed rules of participation and full information about assets, and a visit to the facility can be arranged upon request.
The original steel mill was built between 1960 and 1966, and the first steel production began in 1968.