The facility located in Iași produces welded structural pipes for the construction, machinery, infrastructure, and agricultural sectors. With a maximum annual production capacity of 240,000 tons, the plant is equipped with five pipe rolling mills, two slitting lines, and two coating lines. This investment marks Metinvest’s first production facility in Romania.
Metinvest CEO Yuriy Ryzhenkov highlighted the significance of the acquisition, emphasizing the company’s goal of strengthening integration between the Ukrainian and European Union metallurgical industries. Ryzhenkov stated:
“Even before the full-scale war, Metinvest had begun building a bridge between Ukrainian and EU steel production. This new facility offers a unique opportunity to integrate our production in Iași and Zaporizhzhia while creating jobs in both regions at the same time. This step is part of our contribution to post-war reconstruction. I believe that the plant’s products will be in demand not only within the EU but also in the rebuilding of Ukraine’s war-damaged infrastructure and industry.”
It was noted that the acquisition process took several months. The transaction was approved by the European Commission on November 24, 2025, under EU merger regulations, followed by approval from Romania’s national competition authority after a foreign investment review.
Metinvest Chief Operating Officer Oleksandr Myronenko pointed out that the plant’s location provides a significant logistical advantage. Myronenko commented:
“Historically, our facilities in Ukraine have produced large volumes of hot-rolled coil for both the domestic market and export. The fact that the Romanian plant is located just 600 kilometers from Zaporizhzhia enables us to supply up to 180,000 tons per year of hot-rolled coil produced by Zaporizhstal. This ensures a steady flow of orders and stable operations for the Romanian facility.”
The full integration of the plant into Metinvest’s production and organizational structure is planned to be completed in 2026. The company also confirmed that all existing employment contracts of employees at the Iași facility will be honored.
The Metinvest Group currently has operations not only in Ukraine and Romania, but also in Italy, Bulgaria, the United Kingdom, and the United States.
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