MMK begins construction of new stamping plant

Monday, 24 December 2007 14:27:03 (GMT+3)   |  
       

The Russian steelmaker Magnitogorsk Iron and Steel Works (MMK) has announced the beginning of construction work on its new stamping plant and new service center in Kolpino, in the Leningrad region.

During the ceremony to mark the beginning of construction, MMK president Mr. Victor Rashnikov stated that on the grounds of the existing Izhora plant, MMK will organize new production for automobile body components, subassembly for automobiles and components for white goods. "The growing Russian market, the interest of consumers in high quality steel sheets and in stamping products, provide us with assurance that our project will be successful," Mr. Rashnikov added.

The new plant will process about 150,000 metric tons of rolled steel products a year while the service center will process about 200,000 metric tons a year.

Whereas the products from the new plant will be supplied to the auto and white good sectors, the products of the new service center will target the construction sector, mechanical engineering, shipbuilding and other industries in St. Petersburg and the Leningrad region.


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