Jindal does not back down from the former Ilva. After the decree of July 27 by the Court of Appeal of Milan which established the closure of the hot area within 90 days due to the presence of asbestos and fine dust emissions, the Indian steel group (with legal advisor Chiomenti), now considered the frontrunner for the acquisition of Acciaierie d’Italia, a few minutes before midnight yesterday released a statement declaring that “it confirms its commitment to carry forward the acquisition of the perimeter of the former Ilva of Taranto and Acciaierie d’Italia, including both the cold area and the hot area, subject to the definition of the related agreements, including the construction of a new carbon-free furnace in Taranto. The Jindal group – the note concludes – hopes for a resolution of the operation and is ready to define the terms to resolve this extremely complex situation, also in the interest of the Italian and European steel industry.” The group intervenes “in light of the note from Palazzo Chigi following the decree of the Court of Appeal of Milan.”
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One hundred million approved by the Government with a decree
Yesterday afternoon, in fact, the Government – after a meeting at Palazzo Chigi chaired by Prime Minister Giorgia Meloni with the ministers directly involved in the former Ilva case – announced the disbursement of another 100 million to the company, to allow its operational continuity, from the ceiling of 390 million of the bridge loan authorized by the EU. The disbursement took place with a decree yesterday itself by the Council of Ministers. The 100 million add to the two tranches of 149 and 100 million already granted to the former Ilva. “Despite the new developments, the Council of Ministers will confirm the allocation of a further tranche of the loan necessary to ensure the operational continuity of the company pending the completion of the transfer with reference to the cold area,” Palazzo Chigi said. And the decree in question, it adds, “intervenes precisely at the moment when the formalization of the agreement for the transfer of the entire industrial complex to a leading steel operator was imminent.”
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What is expected from today’s meeting
Jindal, therefore, is in the game and today at the meeting at Chigi between ministers, commissioners of the extraordinary administrations of Ilva and Acciaierie d’Italia and trade unionists (scheduled for 11 am) indications are expected regarding the transfer to Jindal of the group and the management of the situation following the Court of Appeal of Milan. Yesterday, immediately after the decisions of the Judiciary, the American fund Flacks Group also relaunched its candidacy for the former Ilva. But Flacks’ bid does not seem to have chances as it is contested for not having offered, in these months, the financial guarantees that should have supported its plan. The plan that Flacks presented in broad terms declaring that Danieli proposed to Flacksider – this would be the name of the new company – “a new steel complex for Taranto based on the most advanced technologies currently available worldwide: two electric furnaces of 220 tons, direct reduction plant of the ore (DRI), latest generation continuous casting, high-efficiency rolling and an integrated system for the aspiration and treatment of fumes, industrial waters and the digital automation of the entire production process. The project – announces Flacks – allows progressively increasing the production capacity from 2.5 to 4.6 million tons while maintaining high standards of efficiency, quality and sustainability. Furthermore, the project foresees a reduction of CO2 emissions of more than 50% already in the base configuration and up to 86% with the use of hydrogen.”
The voice of local institutions
“The decree of the Court of Appeal of Milan which ordered the suspension of production activity in the hot area of the former Ilva of Taranto calls on everyone to an action of responsibility and institutional collaboration,” say finally in a joint statement the President of the Puglia Region, Antonio Decaro, the President of the Province of Taranto, Gianfranco Palmisano, and the Mayor of Taranto, Piero Bitetti. “Each, according to their role and competences – say the three administrators – must do what is in their power to implement a solution that, respecting the decisions of the judiciary, gives a perspective to the city of Taranto and to the workers of the former Ilva involved in this situation.” For this reason – affirm Decaro, Palmisano and Bitetti – “we ask the central Government to convene an interministerial table to share proposals and solutions in the interest of all. Immediate decisions are needed. The local authorities – they say – are ready to work together with the Government to reach shared proposals aimed at the health of people and the employment future of workers who for too many years have had no more certainties.”
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