# Marcegaglia and Sideralba form joint venture in Tunisia

Marcegaglia Carbon Steel and Sideralba have formed an equal joint venture, SM Tunis Acier S.A., in Tunisia. With an initial investment of €10 million, the company aims to double production from 200,000 to 400,000 metric tons by 2023.

- Type: Partnership
- Announced: 2022-03-04
- Where: Bizerte Economic and Industrial Park, Tunisia, Tunisia
- Value: $11.0M (10.0M EUR)
- Status: announced
- Capacity: 200,000 to 400,000 metric tons per year
- Products: cold and galvanized coils
- Sectors: [Steel and Metal Products](https://endata.com/sectors/steel-metal-products.md)

## Companies

- [SM Tunis Acier](https://endata.com/companies/61442.md)
- [Marcegaglia Carbon Steel](https://endata.com/companies/61440.md) (partner)
- [Sideralba](https://endata.com/companies/61441.md) (partner)

## Sources

- [steelorbis.com](https://www.steelorbis.com/steel-news/latest-news/italian-steelmakers-marcegaglia-and-sideralba-establish-jv-in-tunisia-1235756.htm), 2022-03-04: "We strongly believe in this industrial partnership, which also arises from bonds of deep friendship between our two families."

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