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ArcelorMittal SA's ArcelorMittal Liege Announces Plans to Permanently Close Coke Plant and Six Finishing Lines Affecting 1,300 Employees


Thursday, 24 Jan 2013 06:20am EST 

ArcelorMittal SA's ArcelorMittal Liege announced its intention to permanently close a number of additional assets due to a further weakening of the European economy and the resultant low demand for its products. The Company is proposing that in order to respond to structural market changes and further adapt to demand in Europe, the following six flexible lines need to be closed: the hot strip mill in Chertal, one of the two cold rolling flows in Tilleur, galvanisation lines 4 and 5 in Flemalle, and electrogalvanizing lines HP3 and 4 in Marchin. Separately organic coating line 2 in Ramet will be maintained only as a repairing line for the Combiline products. Additionally, the Company is proposing that the coke plant, which is no longer viable due to the excess supply of coke in Europe, also be permanently closed. The Company stated that the proposal will affect approximately 1,300 people and that it will hold discussions on means to reduce social impact with trade union representatives, including the possibility of reallocation to other sites within the Company. 

Company Quote

10.055
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26 Nov 2014