Works of Chelyabinsk to invest $350 million RUR in its metallurgical segment development within the next five years
10 March 2006 (11:58)
The total budget of the company’s projected investments comprises $1.1 billion RUR throughout 2006-2010. The better part of money ($750 million) is to be given to the mining segment, the rest is to go to the metallurgical segment.
According to the company’s spokesperson, the metallurgical projects are targeted at the efficiency rise while keeping up with the current output; they will mainly be fulfilled at Metallurgical Works of Chelyabinsk (Mechel JSC). For instance, the plant will have to complete the construction of the extra continuous casting devices (it’ll cost nearly $50 million) in order to raise the steel production from 38 to 60% by 2007. The other projects have to do with the installation of a new cokery and renovation of rolling devices.
According to the company’s spokesperson, the metallurgical projects are targeted at the efficiency rise while keeping up with the current output; they will mainly be fulfilled at Metallurgical Works of Chelyabinsk (Mechel JSC). For instance, the plant will have to complete the construction of the extra continuous casting devices (it’ll cost nearly $50 million) in order to raise the steel production from 38 to 60% by 2007. The other projects have to do with the installation of a new cokery and renovation of rolling devices.
 | Embed to Blog |  | Subscribe to Newsletter |  |
Other materials on the topic::
- United Machine Building Works ships equipment for second continuous casting machine for Pipe Metallurgical Company
- Metallurgical Works of Chelyabinsk renovate 300-2 hot-rolling mill
- Metallurgical Works of Chelyabinsk and Ural Smithy JSC to raise metal produce supplies to Kazakhstan
- Metallurgical Works of Asha adopts Development Program for 2006-2010
- Metallurgical plant of Zlatoust to receive 184 million RUR worth of investments in 2006