# GFG Alliance pledges €1bn investment to transform LIBERTY Galaţi steel plant in Romania

GFG Alliance announced a €1 billion ten-year investment programme to transform its LIBERTY Galaţi steel plant in Romania, including upgrades to casters, rolling mills and coating lines, and installation of an Electric Arc Furnace to reduce emissions.

- Type: Investment
- Announced: 2020-02-19
- Where: Galaţi, Romania
- Value: $1.08B (1.00B EUR)
- Status: announced
- Capacity: 4 million tonnes per annum
- Products: flat and long steel products
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [GFG Alliance](https://endata.com/companies/19734.md)
- [LIBERTY Galaţi](https://endata.com/companies/45365.md) (partner)

## Sources

- [libertysteelgroup.com](https://libertysteelgroup.com/ro/news/gfg-alliance-completes-its-100-day-strategic-review-of-liberty-galati-and-pledges-e1bn-in-transformational-investment/?lang=en), 2020-02-19: "The €1bn (RON4.8 billion) ten-year investment programme includes plans for major upgrades to its casters, rolling mills and coating lines, as well as plans to install an Electric Arc Furnace."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.