Marcegaglia commissions new lines for stainless steel tube production in Russia

Italian flat steel and steel tube leader Marcegaglia has commissioned two new automatic lines for the production of electro-welded stainless steel tubes at its Russia-based subsidiary Marcegaglia Ru in the city of Vladimir.
 
Accordingly, the two new lines, worth a total of €5 million, will produce electro-welded stainless steel tubes of 70 mm diameter for the chemical, pharmaceutical and food industries.
 
Over three years, Marcegaglia has invested €22 million in the construction of its plant in Russia with an annual production capacity of 16,000 mt, which is planned to be increased to 35,000 mt by 2014. The first two lines at the plant were commissioned in late 2009. The project involves an investment of €50 million, with the total cost of equipment amounting to €20 million.
 
"Marcegaglia Ru aims to become the leader in Russia within the stainless steel transformation segment, focusing in the first step on welded tube production and, in a second step, on a large service center for flats," Marcegaglia said.