Gupta announces massive investment in Liberty’s Whyalla operations

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Liberty Primary Steel, a wholly owned subsidiary of Sanjeev Gupta’s GFG Alliance, has unveiled plans to transform its Whyalla Steelworks operations.

The company signed two separate contracts with a combined value of more than $600 million to transform Whyalla into ‘an enticing, global hub for innovative industry’ that will also feature a new cutting-edge steel plant.

The project will deliver world-leading capabilities to the existing steel plant as well as a visionary ‘Next-Gen’ mega steel plant to be built by engineering company CISDI.

City of Whyalla Mayor, Clare McLaughlin, described the announcement as ‘fantastic news’ for the community.

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“Most importantly for Whyalla, this project will create thousands of additional construction jobs and several hundred ongoing, with GFG committing to prioritising local skills,” Ms McLaughlin added.

GFG Alliance Executive Chairman Sanjeev Gupta said the project will secure Whyalla’s long-term future.

“Our cutting-edge transformation plans for the existing steel plant are just the beginning of what GFG Alliance has in store for the region,” Mr Gupta said.

“Utilising almost perfect local conditions – our own infrastructure including a deep-sea port; rich local resources; and unrivalled community passion – we now plan to build a new steel plant, one of the world’s largest, right here in Whyalla.

“’Liberty Next-Gen Steel’ will be the largest in the Western world, capable of producing 10 million tonnes per year, with the ability and infrastructure to double capacity in time.”

Image credit: https://www.libertygfg.com