MMK Implements Another Investment Project
1 June 2012 (12:44)
An investment project for the construction of a surface grinding unit for sheets is now being implemented at Magnitogorsk Iron & Steel Works (MMK)’s Sheet Rolling Shop 9 (where its Plate Mill 5000 is located)
The installation of the unit will allow MMK to produce sheets made from shipbuilding steels AB2-1 and AB2-2 whose surface necessarily must be conditioned on both sides, the company reports. Early this year, a contract was signed with Kolpinsky Scientific Research & Design & Experimental Metallurgical Machine-Building Institute (KO VNIIMETMASH) for the delivery of the new machinery. The estimated annual savings are expected to come to 80m RUR, and the project will pay off in less than a year.
The implementation of this project means MMK will be able to expand the range of products it offers and to increase the share of ship steels in its order portfolio for Mill 5000. This modern mill was launched in July 2009. The project provides for the production of virtually any kind of plate iron based on the maximum LDP requirements set by Gazprom and Transneft: wall thickness up to 50mm, strength grade up to X120. The mill’s technological capacity allows for the production of goods for oil platforms stationed in the Arctic, for the bridge-building industry, boiler manufacturers, and ship steels (including steels for tankers, the Russian Navy, and modern ice-class vessels.
Last November, MMK signed a strategic cooperation memorandum with United Shipbuilding Company (OSK). The two parties agreed to set up a joint scientific technological venture for existing and new products in the shipbuilding industry and to improve on their supply chains for the delivery of metal goods from MMK sites onto OSK enterprises.
‘MMK has the most advanced plate iron manufacturing technologies thanks to its Mill 500 and intends to break into the shipbuilding suppliers market. Such an opportunity does exist today, and we are happy to have reached these agreements with OSK. MMK can fully meet the Russian shipbuilding industry’s needs, and it is this industry that is expected to become the driving force behind the Russian economy in the nearest future,’ MMK Director-General Boris Dubrovsky said when asked to comment on the agreement.
The installation of the unit will allow MMK to produce sheets made from shipbuilding steels AB2-1 and AB2-2 whose surface necessarily must be conditioned on both sides, the company reports. Early this year, a contract was signed with Kolpinsky Scientific Research & Design & Experimental Metallurgical Machine-Building Institute (KO VNIIMETMASH) for the delivery of the new machinery. The estimated annual savings are expected to come to 80m RUR, and the project will pay off in less than a year.
The implementation of this project means MMK will be able to expand the range of products it offers and to increase the share of ship steels in its order portfolio for Mill 5000. This modern mill was launched in July 2009. The project provides for the production of virtually any kind of plate iron based on the maximum LDP requirements set by Gazprom and Transneft: wall thickness up to 50mm, strength grade up to X120. The mill’s technological capacity allows for the production of goods for oil platforms stationed in the Arctic, for the bridge-building industry, boiler manufacturers, and ship steels (including steels for tankers, the Russian Navy, and modern ice-class vessels.
Last November, MMK signed a strategic cooperation memorandum with United Shipbuilding Company (OSK). The two parties agreed to set up a joint scientific technological venture for existing and new products in the shipbuilding industry and to improve on their supply chains for the delivery of metal goods from MMK sites onto OSK enterprises.
‘MMK has the most advanced plate iron manufacturing technologies thanks to its Mill 500 and intends to break into the shipbuilding suppliers market. Such an opportunity does exist today, and we are happy to have reached these agreements with OSK. MMK can fully meet the Russian shipbuilding industry’s needs, and it is this industry that is expected to become the driving force behind the Russian economy in the nearest future,’ MMK Director-General Boris Dubrovsky said when asked to comment on the agreement.
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