Trade Resources Industry Views OMK Plans to Develop Its Subsidiary Vyksa Steel Works

OMK Plans to Develop Its Subsidiary Vyksa Steel Works

Russia-based pipe producing company United Metallurgical Company (OMK) has stated that it plans to invest more that RUB 6.6 billion ($199.4 million) in 2014 to develop its subsidiary Vyksa Steel Works and its foundry-rolling complex.

The company will continue the upgrading of pipe mills at its second and third electric welding tube mills. In addition, the company will construct a new line for anticorrosion coating of large diameter pipes and a new facility for the production of railway wheels for high-speed trains. Also, the company plans to carry out work on the technical development of its sheet rolling mill MKS-5000.

Source: http://www.steelorbis.com/steel-news/latest-news/omk-to-invest-rub-66-billion-in-2014-799835.htm
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OMK to Invest Rub 6.6. Billion in 2014
Topics: Metallurgy