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Poland's largest coal exporter plans to invest in the steel industry

Ukraine / Europe / Ferrous metallurgy

The new strategy of Węglokoks will include, among other things, investments in the metallurgical part of the capital group, the company said. Deputy Asset Minister Artur Sobon believes that economies of scale and synergy resulting from the joint strategy of the Węglokoks plants should ensure their profitability.

Poland's largest coal exporter plans to invest in the steel industry

A Polish coal exporter, the largest exporter of hard coal in Europe, Węglokoks plans to significantly increase investments in the metallurgical business. This was announced by Tomasz Heriszek, President of Węglokoks.

“Our steel mills offer products for the construction, infrastructure, heating and mining industries. These are huge areas that require not only a continuous process of modernization and increasing the attractiveness of the offered products, but, above all, huge investment costs, ”Herishek said.

“These costs will be reflected in the strategy we are building for the entire Capital Group, which we intend to announce in the coming months. This is the best time to think about investments, especially because the results of this segment are very satisfactory, ”added President Węglokoks.

In early September, trade unionists from the Węglokoks group of companies protested, demanding, inter alia, better supervision, a clear investment policy and development strategy for the steel assets controlled by Węglokoks.

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