Cuban stainless steel producer Acinox is investing in a new steel crane, as a way to increase output and meet delayed production targets.
According to a local newspaper, Acinox hasn’t been able to meet its output targets for carbon steel billets in the first five months of the year. Most of the product is exported to the Dominican Republic.
“We sudden decrease in oil prices in the global market since 2014 has impacted in a negative way the carbon steel billet production we export to the Dominican Republic,” said Ramón Ávila Zambrano, production director at Acinox.
“However, our team is working hard to avoid the non-compliance of our annual plan,” he said, adding the company expects to retake production targets by December this year.
As a way to reach its targets, Acinox is investing in a 125 mt steel crane that will replace the 125 mt existing crane. The new equipment will allow the Cuban mill to transport more liquid steel. The move is expected to help Acinox to reach its output targets.