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Weglokoks announces PLN 500 Million investment Plan for Poland's steel industry

Polish state-owned company Węglokoks has announced the launch of an investment program worth approximately PLN 500 million (around EUR 116 million) aimed at enhancing the competitiveness of the country's steel industry.

Weglokoks announces PLN 500 Million investment Plan for Poland's steel industry

State Assets Minister Wojciech Balczun stated that Poland's heavy industry is at a critical juncture, adding that the announced investment program is aimed not only at modernizing existing facilities but also at supporting the long-term transformation of the country's steel sector.

The investment plan includes the modernization of production lines, the implementation of technologies designed to reduce energy consumption and lower carbon emissions, and the installation of advanced equipment to improve production efficiency across the company's facilities.

Through these investments, the company aims to reduce production costs while supporting its environmental sustainability objectives.

Digitalization and Industry 4.0 investments

The program also includes the digitalization of production processes and the wider deployment of automation systems. By introducing smart manufacturing technologies and Industry 4.0 solutions, Węglokoks aims to enhance operational efficiency and achieve significant annual cost savings.

As part of the program's workforce development strategy, Węglokoks plans to establish a competence center in cooperation with technical universities. The center will focus on developing the skilled workforce required by the steel industry while fostering expertise in emerging technologies.

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