Magnesite Industrial Complex to receive Swiss press rigging equipment in April 2006

26 February 2006 (10:52)

Magnesite Industrial Complex (part of Magnesite Group Holding) is going to receive the new Swiss press rigging equipment in April 2006. The corresponding agreement was signed between the company’s hi-tech center and GALIKA AG of Switzerland.

As Magnesite Group spokesperson said to UrBC representative, the project is going to cost 76 million RUR, covering the setting up of their own production line (to be completed in 2008) and its further maintenance. The first tangible results are expected to be seen early in 2007.

The project’s economic sustainability is such that it may actually pay off within three years, besides, the investment program provides for the additional acquisition of Italian rigging needed to reaffirm last year’s testing.

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