The initial stage of the first round pipe producing plant - Buynaksky Tube Rolling Plant - to be built in Russia's Republic of Dagestan is expected to be commissioned in March-April 2011.
Accordingly, the construction of the plant, which will have an annual capacity of 72,000 mt, was started in April this year, with the project being implemented with private investments. The plant consists of three buildings supplied with modern equipment, which will allow production of up to 20 sizes of round pipes, of 20-89 mm diameter and 0.8-4.0 mm thickness.
The products are to be sold both in Dagestan and in neighboring regions, as well as in Azerbaijan and Iran.