Severstal to build 1 bln rbl stranded rope facility in Volgograd - 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

Severstal to build 1 bln rbl stranded rope facility in Volgograd

VOLGOGRAD, Apr 19 (PRIME) -- Russian steelmaker Severstal has launched construction of a 1 billion ruble new stranded wire rope facility at the Severstal-Matiz plant in Volgograd, the Volgograd RegionТs government said in a statement on Wednesday.

УConstruction of a new facility for production of special stranded ropes starts here, where a wide range of products for oil and gas companies, the mining industry, the construction sector, and other industries will be made. The combined amount of investment stands at around 1 billion rubles,Ф the statement read.

The company plans to finish the construction before 2024, and sell the stranded wire ropes in Russia and the CIS countries.

(81.6028 rubles Ц U.S. $1))


19.04.2023 12:31
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