The Magnitogorsk Immobile Plant will give another 100 million dollars for the development of its Turkish project

Magnitogorsk Metallurgical Plant OJSC (MMK) intends to allocate additional funding and investments in the amount of $ 100 million for the development of its Turkish acquisition of MMK-metalurji.

The main goal of additional injection of funds into the foreign property of MMK sees an increase in the efficiency of Turkish production of steel by reducing cost.

One of the projects, which, according to the owners of the asset, will be a breakthrough is the construction of an OXICUP shaft type. This furnace will give the enterprise the opportunity to refuse to acquire on the side (read in Ukraine) cast iron and significantly reduce the number of scrap metal in the production of scrap metal. The use of modern equipment (such as a new-type wedge belts http://www.ammeraal-rus.ru/page.php?id=35 ) will achieve a reduction in energy consumption.

The second direction will be the modernization of the hot rolling rate and the construction of additional ticks, which will expand the range of metal rolling with an increase in the share of the most profitable brands of steels.

“We are in the constant process of searching and adaptation of ideas that can significantly increase the effectiveness of existing technological and production processes on our production site in Turkey. At the moment, in our investment portfolio of several projects worked out, investments in which may exceed 100 million US dollars, ”said Boris Dubrovsky, General Director of MMK OJSC.

The Magnitogorsk Impress Rest of the Smarely Address of the Economic situation and the growth of metallurgical production in the world. By betting on world markets, MMK will continue to develop its foreign assets, paying special attention to the Turkish MMK-metalurji MMK-Metalurji, which includes electric steel-melting production, a cold rolling line, and a line of polymer coating metal.

In addition to the metallurgical plant itself, two service metal centers and a seaport, capable of accepting vessels with a displacement of up to 100 thousand tons, entered the Turkish asset.