Huta Katowice to restart production at Baildon mill

Huta Katowice (HK) steelworks wants to restart production at a rolling mill in Huta Baildon, a steelworks that had gone into receivership. They want first to rent out the installation in Baildon and then to buy it. They are not going to do so directly, but rather create a company that would probably be called PHS Baildon. HK is now trying to organize some financing, and will probably take a loan for the investment, Andrzej Capiga, deputy chairman of HK told Puls Biznesu. He did not want to say, however, how much HK might offer for the rolling mill, though the value of Baildon had previously been assessed at zl. 230 million. Restarting production in the rolling mill could be a good solution for HK as it is presently using only 50% of its production capacity for finished products, while the production of semi-products is unviable and Baildon could produce iron for construction. Thanks to the investment at least 100 workers could go back to work in Baildon. (Puls Biznesu, p. 4) A.D.