Spanish trading and industrial group, Network Steel, is set to build a brand new galvanising mill for coil, Kallanish learns from sources. It will do so in the plant newly-acquired from wind-power company Vestas in the north of Spain.
Works at the plant will start in February 2019 and production is expected to be initiated by the end of that year.
The new mill is expected to have a capacity of 520,000 tonnes/year of galvanised coils when it reaches its full potential at the end of 2020. With an investment of €130 million ($146.6m) the new plant will have a pickling line, two cold rolling lines and two galvanising lines.
Network Steel currently controls three production units, Aranda Coated, Santander Coated and Todoaceros, dedicated to the output of coil. The group is also one of the largest traders of steel products in Spain and recently acquired the service centre company Plafesa.