BlueScope Steel announced that its board has approved a $415 million expansion of its metal-coating capacity in western Sydney.
The extra metal-coating line at its Erskine Park facility will be able to produce up to 240,000 metric tonnes of value-added goods annually, Bluescope revealed in an ASX announcement.
In particular, metal-coated products include BlueScope’s ZINCALUME steel, TRUECORE steel, and feed for the Company’s iconic COLORBOND steel products.
The steelmaker said that the project, which is awaiting state-government planning permission, is anticipated to be finished by the end of 2025.
According to BlueScope, the cost of the expansion is greater than initially anticipated as a result of revisions to the project scope and pressures from inflation.
“This significant investment in Australian manufacturing will better enable us to meet our customers’ growing demand for steel-building and construction products,” said Chief Executive Mark Vassella.
The official underscored products such as the TRUECORE steel light gauge steel framing and feed for COLORBOND steel for roofing and walling applications.
Vassella added, “The additional metal-coated production capacity will also give us greater capability and enhanced flexibility to deliver the levels of service that our customers expect of us.”
Today, a ceremony is being held by BlueScope at its Western Sydney Service Centre to announce the recent investment.
Vassella will be accompanied at the announcement ceremony by the Hon Chris Bowen MP, Federal Minister for Climate Change and Energy, and members of BlueScope’s Australian Steel Products leadership team.
BlueScope, originally a BHP business group, became an independent steel company on 15 July 2002 and was publicly traded on the Australian Stock Exchange (ASX).
