Business news from Ukraine

ISD CONTINUES REALIZING LARGE INVESTMENT PROJECTS AT DZERZHYNSKY STEEL WORKS

12 June , 2015  

KYIV. June 12 (Interfax-Ukraine) – Dzerzhynsky Dniprovsky Steel Works (Dzerzhynsk, Dnipropetrovsk region), part of Industrial Union of Donbas (ISD, Donetsk), continues realizing large investment projects, despite difficulties with financing and a lack of working capital.

The company said in a report, referring to Director General Maksym Zavhorodniy, the pulverized coal injection (PCI) facility is to be tested with the participation of specialists from Luxemburg’s Paul Wurth.

“The issue of automation is with the 400/200 block, as well as the reaching of projected parameters of production per hour. It will take more than one day to resolve the issue, and we will do this using our specialists and involving Danieli’s specialists,” the top manager said.

The slitting line is to be tested in late July, he said.

“As for the reconstruction of the sinter plant: today we have basic engineering, the feasibility study stage, then we are to send the advance payment of EUR 12 million for main technological equipment and detailed engineering. These are large funds for us. We will meet with representatives of Primetals Technologies at the METEC exhibition in Germany. We’ll try to agree how we will buy the equipment,” he said.

Dzerzhynsky Dniprovsky Steel Works produces cast iron, steel, steel roll and FMSGs.