Tuesday, 15 Feb 2011
It is reported that the Ukrainian flat steel producer Ilyich Iron and Steel Works of Mariupol which merged with Ukraine largest mining and steel group Metinvest in July 2010 is planning to significantly increase its output within the priorities set out by Metinvest and accordingly is considering a radical modernization of its production facilities.
Mr Vladimir Boyko GD of Ilyich said "The enterprise has been tasked to significantly increase production to up to 16 million tonnes per year of sinter and up to 8 million tonnes of steel. To achieve the given targets, Ilyich will carry out the reconstruction of its main workshops to the most up to date levels. In the next four to five years, the open-hearth shop will be completely closed."
Mr Boyko noted that, following the visit of the company specialists to China, from late February this year Ilyich will resume work on the construction of its pulverized coal injection facility for blast furnaces which is being supplied by China National Mineral Co Ltd in line with the contract concluded on May 18 2006.
He said that "I think that within the next three months a clear program will be adopted for the development of Metinvest Holding, including the program for its re equipment. This is a serious matter, requiring enormous costs. Billions of dollars will be required to build Ilyich into a new plant." (sourced:steelorbis)
Tags:Metinvest, Ilyich Iron and Steel, increase output, Ukrainian flat steel producers, Ukraine mining company, Ukrainian steelmakers, China National Mineral Co, blast furnace
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