Business news from Ukraine

Business news from Ukraine

AZOVELEKTROSTAL RESUMES OPERATIONS AFTER A YEAR OF INACTIVITY

29 December , 2015  

KYIV. Dec 29 (Interfax-Ukraine) – PJSC Azovelektrostal (Mariupol, Donetsk region), part of Azovmashinvest Holding, in the framework of commissioning works on the launch of the main equipment after a year of inactivity has conducted test smelting in the DSP-25 furnace, making the first three of the twelve parts ordered by ArcelorMittal Algeria.

“According to the production plan for December, the manufacture of the most massive and the most difficult article – a 5.4 m diameter cone – is scheduled for December 27-28,” the press service said citing director general of the plant Oleksiy Popov.

In addition, the plant is working on more than 20 orders for the production of castings for heavy mechanical engineering in cooperation with PJSC Azovzahalmash, and this is more than 700 tonnes of finished products for domestic and foreign steel companies.

The plant continues preparatory work for the launch of a molding line for the production of large wagon casting, which is to be automatically launched in late January-February 2016.

According to a press release, Azovelektrostal from December 23 also started the reorganization of the staff structure of the enterprise to bring the number of employees in compliance with the current production targets of the plant.