Network Steel

Network Steel announced a €130 million investment to expand the acquired plant in Villadangos del Páramo from 9,000 to 35,000 square meters, aiming for an annual capacity of 520,000 tonnes of galvanized steel coils. Construction was to start in early 2019 with full production by end of 2020.

Network Steel, a Spanish steel group, has acquired the former Vestas wind turbine plant in Villadangos del Páramo, León, for €4 million. The company plans to invest €130 million to expand and convert the facility into a steel logistics and production center.

Network Steel has agreed to invest between €70 million and €110 million in the Vestas plant in Villadangos del Páramo, León, Spain, to set up new production capabilities. The investment is expected to create 200-350 direct jobs and up to 1,000 indirect jobs.