# Ilva and ArcelorMittal agree to boost Taranto steel plant capacity to 8M tonnes

Ilva in extraordinary administration and ArcelorMittal signed an agreement to modify the lease and acquisition contract, aiming to increase production capacity at the Taranto steel plant from 6 million to 8 million tonnes per year. The deal includes a new electric furnace, relining of blast furnace 5, and a new industrial plan for 2020-2025.

- Type: Investment
- Announced: 2020-03-04
- Where: Taranto, Italy, Italy
- Jobs: 10,700
- Status: announced
- Capacity: 8 million tonnes per year
- Products: steel
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [ArcelorMittal](https://endata.com/companies/292.md)
- [Ilva](https://endata.com/companies/24770.md) (target)

## Sources

- [affaritaliani.it](https://www.affaritaliani.it/economia/ilva-siglata-la-pace-con-arcelormittal-produzione-salira-a-8-milioni-di-tonn-656374.html), 2020-03-04: "Siglata la pace tra Ilva in amministrazione straordinaria e ArcelorMittal"

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