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Mechel Commissions New Wire Complex at Beloretsk Metallurgical Plant
06/05/2007 - Mechel OAO has commissioned a new equipment complex at its Beloretsk Metallurgical Plant OAO subsidiary, for the production of high-tensile stabilized reinforcing wire that meets world quality standards.
Mechel OAO has commissioned a modern equipment complex at its subsidiary, Beloretsk Metallurgical Plant OAO (BMP), for the production of high-tensile stabilized reinforcing wire that meets world quality standards. The cost of the new project is estimated to be about $4.6 million (RUR 120.0 million).
The new equipment will allow BMP to manufacture 20,000 tonnes/year of a brand new product for the company—low relaxation stabilized reinforcing wire of 4.0 to 8.0 mm diameter. Mechel plans to ship the new product, which meets world quality standards, to Russian consumers, with the intention to replace imported analogs, as well as international markets.
The wire product will be supplied to construction companies for the manufacture of pre-stressed concrete structures, using such construction elements as reinforced-concrete ties, reinforced-concrete pressure pipes, towers, and bridging panels for high-rise buildings. The new equipment was manufactured by Ernst Koch of Germany and GCR of Italy.
"The management of Mechel and BMP made the decision to acquire the new equipment based on the significant market demand for high-tensile stabilized reinforcing wire. Its commissioning will enable BMP to expand its product line and increase its output and sales," Beloretsk Metallurgical Plant Managing Director and Mechel Hardware OOO General Director Konstantin Nikolin commented.
This project was implemented in support of Mechel's investment program for technical development of BMP's production. Specific goals included improving product quality, increasing output, reducing production costs, and increasing profitability.
Mechel is one of the leading Russian mining and metals companies, uniting producers of coal, iron ore, nickel, steel, rolled products, and hardware. Mechel products are marketed domestically and internationally.
