Steel maker Aceros Inoxidables Olarra will conclude investments amounting to almost 5.5 million euros at its plant in Loiu (Bizkaia) by the end of 2015. This amount has been allocated to the acquisition of new industrial equipment and modernisation of existing production facilities.
According to information provided by the company, the main investment, more than three million euros, has been assigned to the installation of machinery, namely a new lathe and a round bar straightening machine.
The rest of the investments have been allotted to improvements in finishing facilities and feeding systems for the electric furnace at the steel mill, as well as to renovation and optimisation of control systems. Improvements have also been carried out in some continuous rolling mill equipment, as well as in general services, safety and environment.