Chinese investors to create metals cluster at Amurmetall - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Chinese investors to create metals cluster at Amurmetall

KHABAROVSK, Jan 9 (PRIME) -- Torex-Khabarovsk, the owner of the only steel producer in RussiaТs Far East Amurmetall, and Hong Kong company Debang Guangdong International signed a letter of intent to create a metals cluster basing on capacities of Amurmetall, the Far East Development Ministry said in a statement on Tuesday.

УThe sides plan to start implementation of the project within the framework of existing capacities of the Amurmetall plant with a further upgrade of the plant in order to increase the output of finished products,Ф the ministry said.

УThe production and financial potential of the sides allow them to set up long-term and beneficial cooperationЕThe consortiumТs 10-year plans include output of 30 million tonnes of metals products per year and establishment of a production and sales chain that will comprise production of raw materials, constant operation of smelters, production of finished products and sales abroad,Ф the ministry quoted Yao Xiaodong, chairman of Debang Guangdong, as saying.

The company plans to sell Amurmetalls products in Russia and export it to Asia-Pacific states.

Currently, Amurmetall comprises two production lines with an annual capacity of 1 million tonnes of metal products each.

End

09.01.2018 11:03
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 76.7556 +0.6819 15 nov
USD 67.9975 +0.3163 15 nov
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1117.26 +1.56 18:50 14 nov
micex 2378.59 +0.15 18:50 14 nov
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 151.85 +2.03 18:49 14 nov
lkoh 4856.50 -2.08 18:47 14 nov
rosn 427.15 -3.71 18:49 14 nov
sber 199.20 +1.34 18:49 14 nov
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 76.4400 +0.2375 14:59 14 nov
USDTD 67.0600 -0.6350 17:44 14 nov