A consortium formed by Turkish companies Belin Mining, Ceylan Metal Grup, Nakkas Holding, along with Dutch investment firm GTS Investments B.V., has officially submitted a letter of intent to ArcelorMittal, the world’s second-largest steel producer, as well as to the Romanian authorities. The proposal, transmitted through the Romanian company Richter Haus, outlines the group’s intention to acquire the ArcelorMittal Hunedoara steel plant, which the corporation recently announced plans to shut down. The investor group has expressed its commitment to continue the production of rolled profiles and other metallurgical products at Hunedoara, while also investing in modernization and re-technology upgrades. They have assured that they have the necessary financial resources not only to cover the acquisition but also to secure working capital and fund future investments. Negotiations and audit procedures are expected to begin soon. Strong industrial background Ceylan Metal Grup is one of Turkey’s largest producers of zinc and copper ingots and a leading international buyer of non-ferrous waste, residues, and slags. Belin Mining, active since 1998, is among Turkey’s key mining companies, with operations in North America and Asia. NakkaS Holding, founded in 1983, encompasses 16 companies employing more than 2,000 people, with activities across Europe, Asia, and Africa in oil, renewable energy, and mining. The Romanian partner in the consortium, Richter Haus, is owned by Daniela Bordea and Marian Ciornei, according to public registry data. The company exploits and processes essential industrial metals such as zinc, lead, copper, and iron. Future investments in Romania Richter Haus highlighted that, in collaboration with its Turkish partners — Ceylan Grup, Nakkas Mining, Belin Madencilik, and Merta — it has already launched a major project for the recovery of polymetals from waste deposits in Romania. This includes the construction of two advanced facilities for processing hazardous and non-hazardous metallurgical waste, an investment estimated at €30 million that is expected to generate over 150 new jobs, while also fulfilling environmental commitments under EU regulations.
The first edition of the event "Energy for Romania ”, organized by the Electrica Group and the Electrica Foundation, took place at Hala Filaret, the site of the first power plant in Bucharest. It brought together over 150 participants, including representatives from the public authorities, leaders from the energy sector, the capital market, academia, and […]
Andrei Găluț, the lead singer of the band Goodbye to Gravity, which was on stage when the fire broke out in the Colectiv club on October 2015, launched a new project honoring the victims of the tragedies that have marked Romania over the past decade. The Memento Project, created as a charitable project together with […]
71% of people worldwide support Deposit Return Schemes (DRS), with trust at record highs, paving the way for circular systems that keep infinitely recyclable materials like drink cans in the loop. ● Romania is among the fastest DRS adopters, with 9 in 10 people participating and 77% supporting the system. ● 71% of Romanians feel […]
Romania’s construction sector accounted for almost 8% of GDP over the past four quarters, the highest share across the entire European Union, according to Eurostat data analysed by investment company Colliers. This level is well above the EU-27 average of 5%. Moreover, Romania recorded the second-fastest post-pandemic growth in construction activity within the European Union, according […]
Romanian women who went abroad to work found it disproportionately harder to find work in their country compared to the men, according to data from a European study conducted by Save the Children Romania. Parents in the study sample have been abroad for an average of six years, both mothers and fathers, and 67% of […]
Bucharest’s ARCUB Cultural Center will open The Art of the Game (TAG) on November 8 - a large-scale cultural event dedicated to video games and related arts. Curated by Elvira Lupșa, the four-month exhibition and event series will run until March 1, 2026, at ARCUB - Hanul Gabroveni, featuring workshops, talks and multimedia performances. The […]
