Urals | Industry, manufacturing

VIZ-Steel to invest $40m in modernization of AEIP-8 machine

28 Apr '11
Ekaterinburg-based steel company VIZ-Steel has announced plans to invest $40m in modernization of a machine to put insulating coating on a steel plate AEIP-8 in its cold rolling mill.

Equipment for the machine modernization is reportedly to be supplied by German company LOI.

Under plans, the AEIP-8 is to be the first machine in the cold rolling mill, where electrical heating of the steel plate is to be replaced with natural gas heating.

As a result of modernization, the energy resource consumption is to be cut by 30%, and the lines production capacity is to grow by 50%, the firm said.

Modernization is scheduled to be completed in 2013.

VIZ Steel is a part of NLMK steel group.
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Tags: VIZ Steel (4) / NLMK (26) / AEIP 8 (0) /

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