Indian billionaire Sanjeev Gupta, the owner of Liberty Steel, attended a ceremony in Galati, Romania, where his steel manufacturing division owns the former Arcelor Mittal steel plant, purchased this summer.
Gupta announced that his intentions are to invest USD 220 mil into the plant over the next 5 years in order to extend its manufacturing capabilities which already reached 2.1 million tones this year.
This investment will also increase the total steel production of Liberty Steel to almost 18 million tones a year, placing Liberty Steel among top ten steel manufacturers in the world.
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