Friday, 19 August
Dearborn, Michigan-based steelmaker Severstal North America announced Thursday that it has successfully launched its new five-stand, six-high 72'' wide coupled pickle line tandem cold mill (PLTCM) at its steel mill in Dearborn, Michigan. The $450 facility is expected to ramp up to full capacity of 2.1 million net tons within six months.
The launch of the PLTCM is complemented by the construction and impending start-up of a $285-million hot-dipped galvanizing line in the same production complex in Dearborn. The new coating line will be targeting critically exposed applications for automotive customers and other critical cold roll consuming manufacturers. It is currently nearing completion with a scheduled launch in December of 2011.
Sergei Kuznetsov, Chief Executive Officer, Severstal North America, said, "The launch of our new cold rolling complex is a key component in our goal of becoming one of the world's most efficient and advanced steel producers. The new equipment will enable us to offer products of superior quality and provide exceptional service to our customers, as well as produce the next generation of advanced high strength steels (AHSS) for automotive applications."
(sourced steelorbis)
Showing posts with label cold rolling mill. Show all posts
Showing posts with label cold rolling mill. Show all posts
Friday, August 19, 2011
Saturday, February 19, 2011
JSW Steel raises funds for cold rolling mill at Vijaynagar
Saturday, 19 Feb 2011
ET reported that JSW Steel has tied up funds for its 2.3 million tonnes cold rolled mill at its Vijaynagar plant.
As per report, JSW has raised USD 280 million (INR 1280 crores) via external commercial borrowing. The total project cost is INR 4025 crores.
Rest of the debt will be tied up via ECA or external commercial assistance while buying equipments for the plant and JSW Steel will infuse INR 1300 crores of equity funding via internal accruals.
JSW Steel plans to build 1.9 million tonnes of continuous annealing line and 0.9 million tonnes of galvanizing, galvannealing line.
The company aims to finish the first phase by Q1 FY 14 and phase 2 by Q1FY15.
(Sourced from ET)
ET reported that JSW Steel has tied up funds for its 2.3 million tonnes cold rolled mill at its Vijaynagar plant.
As per report, JSW has raised USD 280 million (INR 1280 crores) via external commercial borrowing. The total project cost is INR 4025 crores.
Rest of the debt will be tied up via ECA or external commercial assistance while buying equipments for the plant and JSW Steel will infuse INR 1300 crores of equity funding via internal accruals.
JSW Steel plans to build 1.9 million tonnes of continuous annealing line and 0.9 million tonnes of galvanizing, galvannealing line.
The company aims to finish the first phase by Q1 FY 14 and phase 2 by Q1FY15.
(Sourced from ET)
Subscribe to:
Posts (Atom)
Posts
