AUSTRALIA’S second biggest steel maker, OneSteel, will invest more than $20m at two Newcastle plants to meet global demand for rail wheels and wire ropes.
The company will spend $14m redeveloping and upgrading its wheel plant at the Waratah steel mill, increasing manufacturing capacity by 21,000 wheels to 105,000 per year.
The steel maker will spend a further $8m installing a plastic injection and rewinding facility at its wire rope plant.
For more information about OneSteel email oswcsc@onesteel.com or visit the website at www.onesteel.com.