SteelOrbis has been informed that negotiations are ongoing between Italian steelmakers Vicenza-based Beltrame Group and Brescia-based Lucchini in relation to rolling mill Sc Donalam, a wholly-owned Beltrame subsidiary which is located in Calarasi in southeastern Romania.
Beltrame is reported to be interested in the know-how that Lucchini could provide in Romania in the field of high speed railway manufacturing, while Lucchini is said to be interested in the strong competitiveness and cost-saving possibilities of the Calarasi plant, if it were totally revamped with a big investment.
According to Beltrame, if the negotiations go according to plan, there should be due diligence in September. While respective shares of ownership in the event of partnership have not been decided yet, it is not excluded that Lucchini would own the majority share.