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- VIZ-Steel doubles investment into faciliti upgrades
VIZ-Steel doubles investment into faciliti upgrades
In 2011 VIZ-Steel’s investments into technical upgrades totaled over RUR1.2 bn, doubling last year’s capex.
Two major investment projects were completed. Following to the commissioning of the second stage of finished product laser treatment, the output of GO steel with lower core loss increased from 30,000 to 75,000 tpy. Commissioning of the Herkules (Germany) roll grinding machine will ensure a high degree of grinding accuracy for the cold rolling reversing mill under construction.
he Company continued its projects for the construction of the cold rolling reversing mill, the natural gas reforming unit, revamping of heat treatment furnaces, and a comprehensive upgrade of the thermoflattening line, etc.
The Upgrade Programme will boost the competitiveness of VIZ-Steel’s products by improving quality, cutting production costs, as well as mastering the production of a new product type, high permeability steel.
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