Alliance’s plans for steelmaker
BRITISH industrialist Sanjeev Gupta and his team yesterday toured a Melbourne plant they are set to own after buying steel manufacturer Arrium. GFG Alliance executive chairman Mr Gupta and his team toured the OneSteel steel mill and recycling plant in Laverton and spoke to 300 staff about his business plans. The company was “very excited” to be taking over Australian operations in Laverton, Whyalla and Newcastle, chief investing officer Jay Hamro said. The company was looking to retain current staff after fears the plant could close. On Monday, the GFG Alliance executive chairman reaffirmed promises to expand Arrium’s Whyalla steelworks after he takes charge later this year.