Al­liance’s plans for steel­maker

Townsville Bulletin - - NATION -

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.

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