Ispat Karmet expects new pipe plant to be completed in 2004
According to market reports Ispat Karmet of
Kazakhstan, owned by LNM group, expects the
construction carried out for the new
pipe plant just outside of Karaganda to end by the second half of next year. This new plant will have a
production capacity of 60'000 tons per year which will be consumed by domestic producers.
It is also reported that the plant will cost $65 million and produce API grade spiral welded pipes with dia. ranging between 530-1.420 mm and 14 mm in thickness.