After nearly two decades, the historic Częstochowa Steel Mill is set to return to the public domain. Węglokoks S.A., in collaboration with the bankruptcy trustee, has signed a lease agreement to secure and revive the production facilities. This move is aimed at preventing further asset deterioration, restarting production, and resolving ownership issues.
Reviving Operations and Safeguarding Jobs
Węglokoks S.A. established a subsidiary, Huta Częstochowa Sp. z o.o., to manage operations and assume employer responsibilities for over 900 workers. Production is expected to restart early next year, boosting the supply chain for the group’s steel segment and reducing reliance on external suppliers. This step signifies a renewed opportunity to reestablish the mill’s prominence in Polish industry.
Strategic Importance and Future Plans
As a key producer of heavy steel plates, the mill is critical for industries like energy and defense. According to government officials, this lease is the first step in revitalizing one of Poland’s oldest steel mills. Węglokoks plans to optimize its operations while restoring its brand under the group’s umbrella.
Despite challenges in global steel markets, Węglokoks remains optimistic about the mill’s potential to achieve both economic and strategic goals, signaling a brighter future for the region.