Varde Steel

Industrial

Making the case for a new plant

An industrial group needed a board-ready investment case for a low-carbon plant, with the pricing to fund it.

An industrial group needed a board-ready investment case for a low-carbon plant, with the pricing to fund it.

An industrial lab with steel equipment and pipework

€310m

Investment approved

2028

Year the plant breaks even

Duration

18 weeks

Year

2026

The situation

An industrial group needed a board-ready investment case for a low-carbon plant, with the pricing to fund it. Leadership had good instincts and too many competing numbers; what was missing was a single, shared view of where value was created and lost.

What we did

We spent the first three weeks inside the business: in sales reviews, with finance, and on calls with customers. From that we built one model of the economics that every team could read, and used it to test a small number of clear options.

Each option came with its cost, its risks and the conversation it would require with customers. Leadership chose; we helped them carry it through, including the first ninety days of rollout.

The result

€310m investment approved, with 2028 year the plant breaks even. Just as important, the team now runs the model itself. We left behind the tools and the habits, not a dependency on us.

A technician working on machinery with hand tools

The board approved it in one sitting. That has never happened here before.

Jonas Varde, Chair, Varde Steel

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Studios

Havnegade 41
1058 København K

12 Bream's Lane
London EC4A 1XX

hello@pellam.co
+45 32 55 01 47

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