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ITA - Danieli may still choose Italy as site for new special steel mill - CEO

Mr Gianpietro Benedetti CEO of Italy based plant maker Danieli has stated that, if operating conditions are equal, the company will opt for Udine in the northeastern Italian region of Friuli Venezia Giulia as the site of its planned EUR 400 million special steel mill, instead of choosing to locate the mill in Serbia.

Mr Benedetti underlined that the choice of Serbia is not definitive for the construction of the new production facility even though Danieli has inked a memorandum of understanding with the Belgrade government. He said that, if the investment were made in Italy, it would be made at the site of Danieli subsidiary Acciaierie Bertoli Safau in Udine, and this would also involve savings on workforce costs.

Danieli's final decision is strongly dependent on the construction by local government of a new electric power line which would pass close to the existing premises of Acciaierie Bertoli Safau.

Mr Gianpietro Benedetti said that "The creation of the new power line is a fundamental issue."



Sourced from Steelguru.com

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