One of the leading Russian mining and metals companies, Mechel, has announced that it is launching a new facility for output of import-substituting multi-strand steel ropes at Beloretsk Metallurgical Plant.
Beloretsk Metallurgical Plant began implementing the project on producing import-substituting ropes in 2015. The project cost a total of some RUB 511 million ($7.66 million).
“This new facility will help improve labor efficiency, create new highly qualified jobs, increase the volume of wire ropes in the domestic market and, in the future, foreign markets as well. Launching a modern facility for producing a wide range of quality wire products creates an opportunity for replacing imported analogues in the mining and oil industries as well as in bridge construction and shipbuilding.” Russia’s industry and trade minister Dmitry Manturov said in an address that was read at the ceremony by Pavel Servatinsky, director of Russia’s Industry and Trade Ministry’s Metallurgy and Materials Department.
The facility’s annual capacity is 15,000 mt. Its launch has created 68 new highly productive jobs.