At African Industries, our vision is to play a pivotal role in the development of the African

countries in which we operate, through the creation of jobs, introduction of innovation and

creation of shareholder value. We aim to be the partner of choice through our entrepreneurial leadership, constant pursuit of excellence and high level of integrity.

Indian group African Industries is interested in taking over the five factories previously owned by Mechel in

Romania, according to Romanian daily Ziarul Financiar.

Tommaso Serrano, who represents African Industries in Romania, confirmed the ongoing talks with the owner

of the factories, Invest Nikarom, and has made an offer for the entire package.

It includes factories in Târgovişte, Ductil Steel Buzău, Câmpia Turzii, Oţelu Roşu and Laminorul Brăila. The

offer also includes taking over the debt of these factories.

In Romania, African Industries is active via African Steel Mills, which in 2010 started building a steel plant in

Oltenita, with a EUR 150 million investment.