Romanian special steel factory in Giurgiu sold for 4.4 million euros

A special steel factory located in the port area of Giurgiu, Romania, has been sold for 4.4 million euros. The industrial site, encompassing land, industrial buildings, and technological equipment, was designed for the production of special steels and superalloys crucial for the aerospace and energy industries.

The property spans 35,249 square meters and includes industrial and administrative buildings totaling 25,979 square meters. While some structures are in varying states of conservation or degradation, the main industrial hall, built in the 1970s and partially modernized in 2011, remains functional with three overhead cranes. A significant portion of the hall is in conservation but is considered to have potential for industrial reconversion.

The facility's technological capabilities allow for the production of high-speed steels, various stainless steels, refractory steels, and special nickel or cobalt-based alloys, including duplex and maraging materials. Access to the site is via a kilometer-long road connecting to the Giurgiu port area. Utilities include electricity from the national grid and water from deep wells.

The transaction was conducted through an auction, with the buyer identified as a legal entity from outside Romania, though their name has not been publicly disclosed. The industrial platform's initial construction and development date back to the 1970s, with some subsequent modernizations.