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 24.1 - Manufacture of basic iron and steel and of ferro-alloys
120 jobs Number of planned job creations
Announcement Date
25 July 2008
Employment effect (start)
1 October 2009
Foreseen end date
30 December 2011
Description
Italian AFV Beltrame has announced that the group plans to construct a new plant capable of producing 500,000 tonnes of long products in France, near Bayonne. The investments are estimated at about 52 million euros. Beltrame plans to create approximately 120 new jobs between October 2009 and December 2011. The plant will be located in the port and industrial area of Bayonne, on France's Atlantic coast, and will have cold and hot lamination units. The new installations will increase the plant’s capacity to 500,000 tonnes. The casters are due to start up in October and December 2009.
Italy-based AFV Beltrame Group has commissioned another plantmaker to supply new casting and hot rolling plants for three of its group companies located in Italy, France and Switzerland.
At present, AFV Beltrame operates four steelmaking and thirteen rolling mills with a total capacity of about 4 million tonnes of long products per year, located in seven countries in Western Europe. The group sells around 85% of its output in Europe and exports about 15% to North and South America, Africa, Asia and Oceania.
Beltrame saw a strong growth in 2007 thanks to a buoyant construction sector in Europe, the company reports in its annual report monitored by Steel Business Briefing.
This is due to an increase in the selling price and a growth in sales volumes ‘derived from the consolidation of the Swiss subsidiary for the entire year’, the report says.
There was a strong increase in the sales of rolled bars and rounds for the construction industry as well as wire rods. The report also indicates that 85% of revenues were generated from sales in countries within the European Union.
Sources
26 July 2008: Sud-Ouest
5 August 2008: Le Monde
25 August 2008: La Croix
Citation
Eurofound (2008), Beltrame, Business expansion in France, factsheet number 66984, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/66984.
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