Liberty Galati signs MoU with Electrica to develop renewable project
Liberty Galati has signed a memorandum of understanding with Romanian energy company Electrica to jointly develop renewable energy generation and storage facilities at its...
UMB Steel commissions Europe’s first continuous long steel mill
Romania-based UMB Steel has commissioned SMS group to supply Europe's first Continuous Mill Technology (CMT 700) at its Otelu Rosu site.
The new long steel...
ArcelorMittal moves forward with Hunedoara plant asset sale
ArcelorMittal Hunedoara has signed an agreement to sell its assets to UMB Steel, part of Romania's UMB civil engineering group, for EUR 12.5 mln...
Liberty Galati under probe for suspected USD 300mln emissions trading fraud
Romanian prosecutors have launched an investigation into an alleged USD 300 mln fraud involving CO2 emission certificates tied to Liberty Galati, the country's largest...
Liberty Galati restructuring plan approved to support steel plant revival
Romanian steel producer, Liberty Galati SA's restructuring plan has been approved by the Galati Court, following a 52pct vote in favor from creditors. The...
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