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Evraz metalworker expands with $1.8bn

11 Jul '08
Russiaís national metallurgic and mining holding Evraz Group has come up with a $1.8bn plan to expand rolled steel manufacturing by 2012, the company announced at its conference at West-Siberian Metallurgic Plant.

The investment program will include production facilities overhaul at Evrazís metallurgic companies in Nizhny Tagil, Novokuznetsk, Bratsk and several others.

Evraz Group plans to invest about $500m in construction of a production facility for massive plates at West-Siberian Metallurgic Plant. Another project includes reconstruction of the rolled steel manufacturing facilities at its metallurgic plants in Novokuznetsk and Nizhny Tagil. The company also intends by 2010 to put into operation a small-scale production facility at Kostanaysky Diesel Plant in Kazakhstan.

As a result of all investment projects, Evraz Group expects to have increased its annual supply of rolled steel to the internal market to more than three million tons prior to 2012.

Evraz is one of the largest metallurgic and mining companies in Russia. It runs Italyís Palini e Bertoli and the Czech Republicís Vitkovice Steel alongside its domestic assets.
Oleg Kouzbit, managing editor: ďIím glad you join us here and take The Bridge walk for Marchmontís weekly review of the Russian regionsí innovative present and future. Stay close and youíll find out more of how Russia is bridging the existing gap between its researchers and businesses.Ē
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