Sidenor will invest 35 million euros in the factory of Basauri
17 October 2016
Sidenor will start a first investment phase of 35 million euros in the factory of Basauri, in the steelworks facilities, rolling mil and reheating furnaces for billets. Basque companies are among the providers.
The equipment procurement and delivery will be performed over the coming months and the new installations should be put into service in summer 2017, taking advantage of the lower activity in August.
The investment aims at accessing new markets, improving product quality, reducing waste and increasing productivity.
The ultimate objective is to improve the Company’s competitiveness so that Sidenor may be at the forefront of the sector and ensure the Company’s future.