ArcelorMittal and TAURON Group start a joint venture

ArcelorMittal and TAURON Group start a joint venture

Representatives of the Boards of Directors of ArcelorMittal Group (ArcelorMittal Poland S.A., AMO HOLDING 11 S.A., AM Global HOLDING Bis a société à responsabilité limiteé and ArcelorMittal Ostrava a.s.) and TAURON Group (TAURON Polska Energia S.A., TAURON Wytwarzanie S.A. and TAURON Ciepło sp. z o.o) on August 11, 2014 in, Katowice, signed an agreement on establishing a joint venture – TAMEH Holding sp. z o.o.

The joint venture will carry out investments and run operations in the field of industrial energy. The contract has been signed for 15 years with the option of extension.

The main business aim of the planned undertaking is the long-term and international co-operation of the companies. Plans also include the development of energy assets by TAURON and supplies of utilities (i.e. electric energy, heat, blast furnace wind and compressed air) for ArcelorMittal units. The goal of the project is to generate funds for investments planned within the joint venture.

TAURON is opening a new chapter in its operations” declared Dariusz Lubera, BOD chairman, TAURON Polska Energia – “Extending our competencies in the field of industrial energy is in line with the diverse operations of the Group”. “The creation of the joint venture is of strategic importance to us, particularly in view of the fact that TAURON has been our business partner for many years - commented Sanjay Samaddar, BOD chairman of ArcelorMittal Poland.

We are looking forward to working on joint projects which will contribute to increasing the energy efficiency of the parties to the agreement. We also hope that their completion will result in the higher competitiveness of ArcelorMittal plants, not only in Poland, but also in the Czech Republic”, he added.