Arcelor has signed an agreement with Lucchini Group for the acquisition of Lucchini’s operations in Poland as well as Lucchini’s Polish scrap companies, Silscrap and Crapex.
Arcelor has signed a Memorandum of Understanding with Italy’s Lucchini Group for the acquisition of Lucchini’s operations in Poland as well as Lucchini’s Polish scrap companies, Silscrap and Crapex.
Arcelor intends to change these operations in order to produce rebars and merchant bars for the construction market in Poland.
“This move supports our strategic ambition to expand our operations and production capacity in Eastern Europe where growth rates in the construction sector are attractive,” commented Roland Junck, Senior Executive Vice President in charge of Arcelor’s Long Carbon Steel division.
Separately, Arcelor and ThyssenKrupp Stahl agreed earlier this month to combine research and development efforts to reach a technological breakthrough in the area of highly resistant and highly formable flat carbon steels for automotive applications.
On February 3, the two suppliers of steel for the automotive industry signed a multi-year Research & Development agreement to co-operate in the area of high manganese (TWIP/ Twinning Induced Plasticity) steels.
Arcelor said in a statement that the new steel grades are to be used in the structural parts of car bodies such as body in white or chassis. With their combination of extremely high strength and superior formability the new steels target at allowing a reduction of weight by more than 20 percent while at the same time offering new opportunities to vehicle designers.
The first new high manganese steel product is to be made available to car manufacturers from 2006 and could be used in vehicle production the following year. Continued joint R&D efforts will aim at the development of further advanced TWIP steels in the following years.
New intellectual property such as patents produced in the context of the program will be jointly owned by the two companies. Production as well as sales and marketing of the new class of steels will be carried out separately by the two companies.