5 June 2012
VIZ-Stal grows investments in technical upgrades
In 2012, VIZ-Stal is going to allocate over RUB3.5 bn towards its comprehensive Technical Upgrade Programme for GO (grain oriented) steel production, almost tripling last year’s capex. The ongoing reconstruction is aimed at mastering a new advanced product, improving product quality, and increasing production efficiency.
As part of its action plan to master the high permeability steel production technology, the Company will complete the construction of a reversing rolling mill and continue revamping the thermal treatment equipment. VIZ-Stal will also complete the construction of a natural gas reforming unit in order to increase energy efficiency.
This year the Company has started the reconstruction of its electrical insulation coating lines to improve product quality.
VIZ-Stal (part of NLMK Group) is a leading global producer of cold-rolled electrical steel and the largest producer of GO steel in Russia. In 2007 the Company launched its Technical Upgrade Programme that includes 11 investment projects on the construction of new units and the reconstruction of existing ones. VIZ-Stal’s investments into technical upgrades will total RUB8 billion.