The Russian Estar group of companies, which unites a number of metallurgical and
pipe mills in
Russia such as Amurmetall, Zlatoutovsk Plant and others, has announced that it has began the
construction of a new
scrap-processing plant at Shahta, the Rostov region of
Russia.
The new plant with a capacity of 690,000 metric tons of
scrap a year is expected to begin operating in 3rd-4th quarter of 2007.
The project worth Euro 16 million will be directly implemented by Estar's daughter company Lomprom.