The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Manufacturing Manufacture Of Basic Metal And Fabricated Metal Products Manufacture Of Basic Metals 24.10 - Manufacture of basic iron and steel and of ferro-alloys
200 jobs Number of planned job creations
Announcement Date
17 March 2022
Employment effect (start)
17 March 2022
Foreseen end date
30 June 2022
Description
AFV Beltrame Group, one of the largest producers of steel bars and special steels in Europe, has completed the acquisition of Combinatul de Oțeluri Speciale (COS) Târgoviște (Dambovita County).
The investments by AFV Beltrame Group will create 200 new jobs by the end of June 2022. Medium- and long-term plans involve the creation of more than 1,000 jobs.
AFV Beltrame Group owns the Donalam rolling mill in Calarasi (Calarasi County) and aims to invest approx. €100 million in the modernization of the machinery (the steelworks and rolling mills) and about approx. €40-50 million in working capital.
Currently the workforce of AFV Beltrame Group in Romania is 340.
Founded in 1896, AFV Beltrame Group has 6 plants in Italy, France, Switzerland and Romania, more than 2,200 employees, over 2 million tons of steel sold annually and commercial activities in over 40 countries.
Eurofound (2022), AFV Beltrame Group , Business expansion in Romania, factsheet number 106531, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/106531.
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