Severstal says invests 1 bln rbl in upgrade of Izhora Pipe Mill - Metals & Mining - 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 says invests 1 bln rbl in upgrade of Izhora Pipe Mill

MOSCOW, Nov 21 (PRIME) -- Russian steelmaker Severstal has invested about 1 billion rubles in an upgrade of subsidiary Izhora Pipe Mill that would allow the plant to produce electric welded pipes with diameters starting from 508 millimeters, the company said in a statement on Thursday.

The upgradeТs goal is to set up production of pipes for the Yuzhno-Kirinskoye gas condensate field of Russian gas giant Gazprom. The plant expects production of first pipes for the field to start in early 2020, the company said.

(64.0213 rubles Ц U.S. $1)

End

21.11.2019 13:35
 
 
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