Steel plant acquired by Mechel OAO
Mechel OAO, a Russian mining and metals company,
announced the acquisition of Laminorul Braila metallurgical plant
located in Romania.
Mechel acquired 100 percent of the shares of Donau Commodities
SRL, which holds 87.9 percent of the shares of Laminorul SA,
a steel plant located in Braila, Romania, for a consideration
of 9.4 million Euros subject to a final price adjustment.
Laminorul Braila plant is located in southeast Romania in close
proximity to Braila ports. The ports’ facilities allow for embarkation
onto ships with cargo capacity of up to five thousand tons. Constantsa
international port (Black Sea) is also located nearby, thus providing
convenient logistics for the plant.
The plant’s main production facilities include two rolling mills
with total capacity of over 380 thousand tons per year. Rolling
mills manufacture structural shapes of different types: beams,
channel bars, equal and unequal angles for industrial, civil
and machinery construction. This is the only plant in Romania
manufacturing special profile (bulb bar) which is used in shipbuilding.
All product types have European quality certificates. Bulb bars
manufactured by the plant are certified by the international
sea registers such as DNV, BV, LR, ABS, GL and the Russian Sea
In 2009 the plant manufactured more than 50 thousand tons of
structural shapes. 65 percent of the plant’s products are delivered
to Western and Eastern Europe and the rest is consumed at the
domestic market of Romania. Laminorul Braila is sourced with
billets supplied by Mechel Targoviste steel plant, one more Romanian
subsidiary of Mechel. The plant employs more than 570 people.