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  mass-media about company
01 June 2007
Russian Severstal-Metiz To Invest $27.5 Mln in Development in 2007
Russian hardware producer Severstal-Metiz, part of Severstal group, plans to invest some 712 mln Russian roubles ($27.5 mln/20.4 mln euro) in the development of its production units in 2007, it was reported on June 1, 2007. The company will allocate over 80 pct of the investments to its enterprises in Russia.
Severstal-Metiz incorporates Russian plants Cherepovets Steel Rolling Plant (ChSPZ) in Cherepovets, northwestern Russia; Orel Steel Rolling Plant (OSPAZ) in Orel, 320 km south of Moscow; and VolgoMetiz in Volgograd, southern Russia. On February 17, 2006 the company acquired a stake in Ukrainian Dneprometiz. On April 10, 2006 Severstal-Metiz became a shareholder in British company Carrington Wire Ltd, according to the company website (www.severstalmetiz.com).
Recently, as part of its 2007 investment programme, Severstal-Metiz put into operation new equipment at VolgoMetiz plant, which will lead to a sixfold reduction of the plant's production waste.
Energy and Commodities Digest
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