Mechel Russian group, which owns four steel plants in Romania,announced it is about to complete investment of around 36m euros inthe Oţelu Roşu foundry, part of Ductil Steel Buzău company, with acapacity of 810,000 tonnes of unprocessed steel per year.
This is the biggest liquid steel production facility Mechel holdsin Romania and it will supply all complexes of the group with rawmaterial. Mechel also owns a foundry in Târgovişte cu a capacity of500,000 tonnes of unprocessed steel per year.
"Today, one of the most important projects we have is to modernisethe steel foundry of Oţelu Roşu. The modernised complex is due tostart being operated in the first quarter of this year. I'd like tonote the equipment of Oţelu Roşu will be the third of this type inthe world and the first in Europe. The new technology will allow usto significantly cut costs," stated Victor Trigubko, avice-president with Mechel group.
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