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Heavy Plate Rolling Mill

Acquisition Of Heavy Plate Rolling Mill From Thyssenkrupp Steel in Europe

Europe’s second largest steel producer, ThyssenKrupp, shuttered the German facility in September 2021. During its operation, the heavy plate rolling mill facility produced approximately 850,000 metric tons of steel which was used for shipbuilding, offshore and heavy fabrication construction production.

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Heavy Plate Rolling Mill

End Of Automobile Manufacturing On The Continent

When the Australian Government decided to withdraw their financial support to manufacturing cars produced in Australia, all remaining Car Producers within a few months form each other announced to close their manufacturing plants. in October 2017 Toyota, the largest of all, ceased production at their plant in Altona North, a suburb of Melbourne (Victoria).

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Posco

Danieli Rebar Rolling Mill From Posco SS Vina

When Posco, one of world’s largest Steel Producers with Headquarters in Korea, restructured the Product Portfolio of their Posco SS Vina Mill in Vietnam, they took the decision to cease producing Rebar and this lead to having to sell their REBAR MILL.

Posco asked HILCO to make an offer for this very recent (less than 5 years of use) DANIELI Rebar Mill. Hilco made the offer and after a short negotiation period Posco and Hilco signed an Asset Purchase Agreement and Hilco provided the funds to Posco for the reorganization and this enabled Posco to enter into a partnership with Yamato Steel from Japan; the reorganized company is now called Posco Yamato Vina Steel.

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