Italy’s largest flat steel producer Arvedi has kicked off a Eur92 million investment to build new galvanizing and painting lines at its Trieste site in northeast Italy, the company said March 3.
The galvanizing and painting lines will coat coils with a special alloy of zinc, aluminum, magnesium for the automotive industry, and both will have capacity of 200,000 mt/year.
A second galvanizing line is expected to be built in 2023 with a capacity of 300,000 mt/year, a company spokesperson confirmed to S&P Global Commodity Insights.
The company is also planning to build an electrolysis plant to make green hydrogen for the new galvanizing line. The plant will powered by a solar PV installation of 6 MWp on the roof of the new re-roller lines building.
— Annalisa Villa