The Memorandum of Understanding, (signed by Gianpietro Benedetti, Chairman of the Danieli Board of Directors, and Mahab Mameish, Chairman of the Suez Canal Authority), defines that Danieli undertakes to supply a turn-key plant to be built in two steps:
The first concerning the construction of a rolling line with a production capacity of 600 thousand ton and the second concerning the construction of the meltshop and of a second rolling mill.
Made by Danieli are also the following plants where several teams are already at work:
Columbia City, Indiana (USA), to install a new welding line ordered by the American steel maker Steel Dynamics. This plant will be able to process 240 thousand ton of steel bars and its start-up is expected by Spring 2018.
Lech Stahlwerke (belonging to the German Group Max Aicher, steel maker), at Meitingen in Germany, Danieli will supply 8 EOT cranes with 15 ton lifting capacity.
Hoa Phat where the Danieli Group, which also includes Danieli Automation for the electrical and automation systems, will complete the first phase of construction of the steel-making complex underway in the province of Quang Ngai. The plant start-up is expected within 26 months. Once the project is completed, the number of rolling mills supplied by Danieli to Hoa Phat Group since 2000 will rise to 6.
Finally in Germany with Hennigsdorfer Elektrostahlwerke GmbH (Riva Group) for the revamping of a rolling mill which will be able to produce high quality steel for the building industry among others. The works, which have been divided into two phases, are expected to start in the first quarter of 2018.