print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Novolipetsk Steel press releases

Novolipetsk Steel

July 21, 2009

VIZ–Stal proceeds with modernization program

VIZ-Stal, NLMK’s Ekaterinburg-based subsidiary, has implemented a supplementary investment program for the reconstruction of a number of its production facilities. This programme will result in better steel quality and improved electrical steel competitiveness on the global market.

The arrangements planned are as follows: the reconstruction of cooling facilities on the production floors; the reconstruction of a heat-resistant application unit; and the installation of metering equipment at the rectifying facilities. The overall project is worth RUR190 million.

In July VIZ-Stal launched a laser jet for processing finished products, improving the magnetic properties of rolled steel by 10-12%. The project is worth over RUR 120 mln and has been implemented as part of NLMK’s Technical Upgrade Program.  

VIZ-Stal is a leading producer of cold-rolled electrical steel and is the largest producer of grain-oriented electrical steel in Russia. Its share of global transformer steel production is almost 11%,with a 56% share of the Russian market. Over 80 % of its products are exported. The production facilities have an annual capacity of  about 200,000 tonnes of electrical steel.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer