MOSCOW, Apr 3 (PRIME) -- Russian Copper Company (RCC) intends to invest 670 million rubles to boost production at its Kyshtym copper and electrolytic facility, the company said in a statement on Monday.
A project to upgrade the copper electrolysis unit will be finished in January 2018 and will need 380 million rubles of investment while 288 million rubles will be disbursed for the copper rod unit to complete modernization by October 2018.
As a result, copper rod output is to rise by 40% to 140,000 per year and cathodic electrode production may increase by 15% to 140,000 annually.
(55.9606 rubles – U.S. $1)
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