VIZ-Stal to invest Ruble 143 million in 2010 to ensure safe operations

Monday, 22 March 2010 11:44:46 (GMT+2)

VIZ-Stal, the Ekaterinburg-based subsidiary of the Russian steelmaker Novolipetsk Steel (NLMK), has announced that in 2010 it will invest Ruble 143 million (about $5 million) to ensure safe and stable operation of the enterprise.

According to its investment program, in 2010 VIZ-Stal is to implement over 25 technical activities, aimed at improving the efficiency of production, at the organization of accident-free operation of its key production units, at improving industrial safety and at reducing the impact on the environment.

VIZ-Stal, with an annual production capacity of 200,000 mt, is a leading producer of cold rolled electrical steels and the largest producer of grain-oriented electrical steel in Russia. Its share of global grain-oriented electrical steel production is almost 11 percent.

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