In 2002-2010, Russian pipe producers' costs for the renovation of their main facilities increased to about $10 billion of their own and borrowed funds, or was equivalent to $200 per one metric ton of finished product, the director of the Russian Tube and Pipe Industry Development Fund (FRTP) Alexander Deineko has said. The renovation in question was directed towards the creation of new modern facilities for the production of high-tech, competitive oil country tubular goods, and the commissioning of new steel production complexes and new pipe finishing facilities, Mr. Deineko said.
In the meantime, the major investment projects of the Russian pipe industry for the coming years are:
In 2010 - The commissioning of ChTPZ's new shop for the production of single-seam large diameter (LD) pipes of 600,000 mt capacity; the start-up of PNTZ's new electro-smelting facility with a capacity of up to 950,000 mt of billets per year; the commissioning of a new tees shop at OMK's Trubodetal; and the launch of a new casing finishing line at OMK's Vyksa Steel Works - total capacity of 400,000 mt.
In 2011 - The commissioning of Vyksa Steel Works' new mill 5000 with an annual production capacity of 1.2 million mt of wide plates.
In 2012 - The commissioning of new continuous hot rolling pipe mills at ChTPZ and at TMK's Seversky Tube Works (STZ); the startup of a new 900,000 mt capacity EAF at TMK's Tagmet.
In 2013 - The launch of a new commercial pipe finishing complex at STZ.