Monday, 31 Jan 2011
Italian flat steel and steel tube leader Marcegaglia has commissioned two new automatic lines for the production of electro welded stainless steel tubes at its Russia based subsidiary Marcegaglia Ru in the city of Vladimir.
Accordingly, the two new lines, worth a total of EUR 5 million, will produce electro welded stainless steel tubes of 70mm diameter for the chemical, pharmaceutical and food industries.
Over three years, Marcegaglia has invested EUR 22 million in the construction of its plant in Russia with an annual production capacity of 16,000 tonnes, which is planned to be increased to 35,000 tonnes by 2014.
The first two lines at the plant were commissioned in late 2009. The project involves an investment of EUR 50 million, with the total cost of equipment amounting to EUR 20 million.(sourced:steelorbis)
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