MARIUPOL ILLICH STEEL WORKS TO BUY EQUIPMENT FOR $25 MLN FROM AUSTRIA'S PRIMETALS TECHNOLOGIES TO RECONSTRUCT SLITTING LINES SHOP

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MARIUPOL ILLICH STEEL WORKS TO BUY EQUIPMENT FOR $25 MLN FROM AUSTRIA’S PRIMETALS TECHNOLOGIES TO RECONSTRUCT SLITTING LINES SHOP

9 Oct , 2017  

KYIV. Oct 9 (Interfax-Ukraine) – Mariupol Illich Steel Works (Donetsk region) has signed a contract with Primetals Technologies Austria GmbH to supply equipment for reconstruction of the 1700 slitting lines shop worth over $25 million.
The enterprise said in a press release last week that under the contract the Austrian partner will design the project’s engineering documents in details and in 2018 the equipment will be supplied. The equipment will increase effectiveness of the shop, improves the quality of the products and reduce waste in slabbing.
The startup works are scheduled for 2019.
Earlier in August 2017, Mariupol Illich Steel Works and Primetals signed a contract to design basic engineering documents for reconstruction of the slitting lines shop. Total investment of Metinvest in the project will be $85.5 million.
Since 2016, the sides are also implementing a project on building a continuous -casting machine worth $150 million.