Sunday, 06 Feb 2011
According to Mr Werner Auer, CEO of Austria based plant maker Siemens VAI, Russian steelmakers have made up for the collapse of production in 2009 caused by the worldwide economic crisis.
Mr Auer said "2010 saw an increase in steel production again almost to the level of the record breaking year of 2008 and companies have started again to increase their investment in the expansion and enhancement of their production.”
He went on to say that he has observed an increased demand for new technologies to be used primarily in new plants or in the context of modernization.
Mr Andreas Lemp Siemens VAI manager responsible for systems business in Moscow said "Contrary to many other steel nations, Russia has its own raw materials and energy. This puts Russia in a good position to become a cost leader in production, and also among international competition."
Mr Auer said the expansion of production capacities in Russia is in line with transformation efforts and technological modernization. He said that "This is because Russian steel producers will better utilize their raw material, save on energy costs and fulfill stricter environmental regulations. Russia will also increasingly produce more sophisticated products.”
Mr Auer stated that therefore, existing steel plants need to be modernized and enhanced.(sourced:steelorbis.com)
Subscribe to:
Post Comments (Atom)
Posts
No comments:
Post a Comment