|Delayed - 10/27 04:10:00 pm|
Mechel : Beloretsk Metallurgical Plant Receives First Batch of Drawing Mills
|09/16/2020 | 09:30am|
The drawing mills produced by Italy's Mario Frigerio S.p.A - one of Europe's oldest producers of technological equipment for steelmaking and hardware plants - will be installed in one of Beloretsk Metallurgical Plant's wire workshops. They will produce rods for rope and spring wire.
The new mills are equipped with a mechanical system of descaling wire rods. This will enable the plant to abandon the chemical descaling technology. Every machine's capacity is up to 13,000 tonnes.
'These drawing mills will ensure that our wire has necessary plastic properties, rule out twisting and surface damage during drawing. This will enable us to produce wire with high quality characteristics. We plan to receive two more batches of drawing equipment in the first and third quarters of 2021,' Beloretsk Metallurgical Plant's Chief Executive Officer Sergey Fedorov commented.
This investment project is implemented with the support of Russia's Industrial Development Fund. Its cost totals 1.5 billion rubles, half of which is provided by the Fund through a concessional loan. The facilities' upgrade is due to be completed by December 2023. It will enable the plant to set up high-performance jobs with the use of best available technologies, improve product quality, increase output and solve ecological issues facing Beloretsk Metallurgical Plant today.
Mechel PAO published this content on 16 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 16 September 2020 12:29:01 UTC