Russia’s RUSAL plans to halve silicon imports by end of 2015 - 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

Russia’s RUSAL plans to halve silicon imports by end of 2015

Ìåòàëëóðãèÿ04MOSCOW, Feb 2 (PRIME) -- Russian aluminum giant UC RUSAL plans to decrease silicon imports by more than 50% by the end of 2015 and raise its own silicon production, the company said in a statement on Monday.

“The industrial production of pure types of silicon with low content of iron is a long-term RUSAL’s strategy for import substitution. Currently, the company purchases the production in China, but we will be able to cover about 90% of our plants’ total demand for silicon with our own production by the end of the year under favorable conditions,” the company quoted its CEO Vladislav Solovyov as saying.

The company has already produced the first test batches of silicon type 2052 with iron content of 0.25% and they are continuing to produce silicon type 2002 with iron content of up to 0.2%. The company has also constructed a line for hand processing of quartzite at its Cheremshansky mine under program for finding raw materials for silicon type 2002 production.

In 2015, the company plans to invest over U.S. $10 billion on upgrading its silicon production.

End

02.02.2015 12:27
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 98.5842 -0.1934 21 may
USD 90.6537 -0.3336 21 may
Stock Market Indices
1D 1W 1M 1Y
MICEX
micex 3468.09 -0.97 18:51 20 may
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 151.80 -2.17 18:49 20 may
lkoh 7800.00 -0.69 18:48 20 may
rosn 591.95 0.00 23:50 20 may
sber 320.94 -0.69 18:49 20 may
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 98.3225 -0.2000 14:59 20 may
USDTD 90.8475 -0.1225 17:44 20 may