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04 June 2007

SEVERSTAL METIZ to Investment in Production

In 2007, the SEVERSTAL METIZ company targets capital expenditures of R712 million. The bulk will be injected into its Russian-based assets. The company's plant in Volgograd has started a decanter for sludge dehydration. The plant generates 240 cubic metres of sludge daily. The plant previously shipped its sludge in tank cars to sludge pits outside the city, where slime was dewatered through natural evaporation. The plant will now curtail its slime removal by sixfold, thereby saving about R5.0 million yearly.

NOVECON: Russia/CIS Manufacturing Press Digest

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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... more... 26 May 2007 Company Factsheet - Severstal-metiz Short profile Full name Severstal-metiz Open Joint-Stock Company Short name Severstal-metiz INN 3528090760 Russian... more... 21 May 2007 EU pledges to review dumping duties on Russian steel In a joint declaration issued by the European Union and Russia, the EU has formally recognised Russian... more...

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