The Russian steel and pipe producer United Metallurgical Company (OMK) has announced that in January-October this year its Novgorod-based pipe producer Vyksa Steel Works (Vyksa) saw a 28.7 percent year-on-year growth in its steel pipe production to 1.6 million mt, thus exceeding the amount produced in the full year of 2009 (1.5 million mt). Of the amount in question, 1.054 million mt were large diameter (LD) steel pipes - up 30.3 percent compared to the same period last year.
Meanwhile, in October this year, Vyksa increased its steel pipe output by 42.2 percent year on year from 121,000 mt to 172,100 mt, with its large diameter steel pipe production amounting to 116,700 mt - up 50 percent compared to October 2009.
According to OMK's statement, such high results were achieved mainly due to its massive investments in the modernization of Vyksa's LD pipe production. Currently, Vyksa is secured with orders, including for such major projects as the construction of the second line of the Nord Stream international gas pipeline, the Sakhalin-Khabarovsk-Vladivostok and Baydaratskaya Bay, Bovanenkovo-Ukhta gas pipelines, and the Eastern Siberia-Pacific Ocean-2 oil pipeline.