The Slovenian metallurgical group SIJ (Slovenska Industrija Jekla) plans to build a € 1.5bn plant in Saudi Arabia to produce electric steel and high-quality hot-rolled coils.
The company signed a corresponding agreement with the Saudi government, and the plant is to be built in the industrial city of Ras al-Khair. The plant is planned to be commissioned by 2029.
SIJ will provide high-tech solutions and know-how.
SIJ is expected to be followed in the future by other companies that are part of the Slovenian automotive industry’s green mobility initiative (Mission GREMO).
SIJ is a major producer of stainless steel and specialty steels in Europe and the prime vertically integrated steel group in Slovenia.