Headquartered in Luxembourg, Aperam was formerly the inox division of steel giant ArcelorMittal. Since its corporatization and initial public offering, the company has been on a path of sustained success, having funneled EUR 100 million per year into its Belgian sites since 2011.
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Aperam funnels millions into modernizing its Flanders plant
Stainless and specialty steel manufacturer Aperam will be investing USD 150 million (EUR 132 million) in the coming years. Around a quarter to a third of that amount will be channeled into the modernization of its Belgian sites in Genk (Flanders) and Châtelet.
“In the next three years, we will be investing USD 150 million into the modernization of our stainless steel plants worldwide,” comments CEO Timoteo Di Maulo. “The group will be focusing on technologies such as big data, advanced automation and robotics to make production lines more competitive.” This investment round is an addition to the annual maintenance investments.
With Dutch as its official language, Flanders (Dutch: Vlaanderen) is the northern region of Belgium. The capital of both Belgium and Flanders is Brussels.