Forging ahead
The Anglo-Indian concern, which is set to be the world's largest steel producer, bought the country's leading steel group from the Polish government in 2003, agreeing to invest 2.4 billion złoty in modernization by 2009.
Mittal Steel Poland is a group of four steelworks that produces around two thirds of country's annual steel output. "We will invest more money than we are actually required to," said Mittal's chief of Central and Eastern European operations Roeland Baan.
"We will already invest half a billion euros over the next two years. This 2.4 billion zloty figure will be no issue given the size of these investments. I can tell you that we will exceed it," he added.
The comments come at a time when labor unions are protesting against what they call significant delays to the group's modernisation plans.
"When you have such big projects you must weigh between speed and prudence. We have delays but I believe we have done the right thing," said Baan. (Reuters)
Mittal Steel Poland is a group of four steelworks that produces around two thirds of country's annual steel output. "We will invest more money than we are actually required to," said Mittal's chief of Central and Eastern European operations Roeland Baan.
"We will already invest half a billion euros over the next two years. This 2.4 billion zloty figure will be no issue given the size of these investments. I can tell you that we will exceed it," he added.
The comments come at a time when labor unions are protesting against what they call significant delays to the group's modernisation plans.
"When you have such big projects you must weigh between speed and prudence. We have delays but I believe we have done the right thing," said Baan. (Reuters)
