Rautaruukki invests 35m euros in steel components plant

Finnish group Rautaruukki will invest some 35 million euros in building a steel components plant, the group’s first plant in Romania, which will start production at the end of next year. In September this year, the group announced it intended to invest some 50 million euros in Romania and Ukraine. “When these investments are completed, the deliveries of components and integrated systems for commercial and industrial construction to Romanian, Ukrainian and Bulgarian customers will see a significant rise,” reads a release of the group. The local branch of the Finnish group, Ruukki, has recently increased its share capital by 900,000 euros, following a cash contribution. Following the capital increase, the company’s share capital reached some 5.5 million RON (1.5 million euros).