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Polish Government declares Huta Częstochowa a strategic company

The Polish Cabinet of Ministers announced that on 11 February it approved changes to the list of entities subject to protection submitted by the Ministry of State Property. The new regulations will provide legal protection to the bankrupt Huta Częstochowa.

Polish Government declares Huta Częstochowa a strategic company

Huta Częstochowa is a critical facility for national security, as the plant has the technological infrastructure to produce hardened thick plates for the defence industry. At the same time, the plant, which has one of the largest production halls in Europe, plays an important role in the maintenance and overhaul of military equipment.

Huta Częstochowa was added to the list of strategic companies and prevented from being taken over or sold without government approval. Huta Częstochowa, the plate producer formerly owned by Liberty Steel and now leased by state-controlled Weglokoks, will be tendered for sale on 17 February. The starting price of the tender was set at PLN 226.95 million (USD 54.7 million).

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