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  news
29 November 2007
Today during the visit of the Senior Governor for Industry Jury Korostelkin discussed the forecast of metalware manufacture development with the managing director of the Orel plant “Severstal-metiz” Sergey Tatenko
During the meeting Sergey Tatenko told Jury Korostelkin about the overall results of Severstal-metiz’ Orel site (the Orel plant, “Stellace”, “TA Rus”, branches of “Unifence” and “UniSpring”). For the first 9 months 2007 the consolidated revenue of these companies was more than 4 billion roubles, a 13 % increase on the same period last year. Tax payments have increased by 58 %, monthly output per worker by 32 %, investments by 33 %.
This significant growth and overall results were due to the successful realization of investment projects. The largest of the projects includes: the purchase of equipment for the welded steel mesh (“Unifence”), the nitrogen facility for the electrode shop, the equipment modernization of the effluent station №3, the optimization of package manufacture and compressed air consumption. The expected total amount of investments in 2007 is 118 million roubles.
In addition Sergey Tatenko presented the development plans for metalware manufacture which will be realized next year. The proposed modernization program for the production of fasteners will require 6 years to complete. It will allow the Orel plant to increase productivity and product quality, and develop the new types of fasteners required by customers such as fasteners of large sizes М-27 - М-30 and fasteners of special purpose. Due to launching of the additional manufacturing capacity and improvement of available equipment we plan to increase the output volume of welding consumables also. Due to the new installation of the nitrogen delivery system, nitrogen costs at Orel will be reduced by 5 times.
All projects have been developed in alignment with investment policy of the “Severstal-metiz” Group of Companies. With the objective of balanced development of each plants product portfolio and focus on high value added, high quality products and sectors aligned with cost saving measures and increased efficiency.
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