The Russian long steel producer Revyakino Metal-Rolling Plant has announced that in January 2011 it plans to commission its new continuous furnace and thus complete the second stage of its modernization program for its production facilities. The two stages of the company's modernization program have cost a total investment of Ruble 2 billion (about $65 million).
Accordingly, the commissioning of the new equipment will allow Revyakino Metal-Rolling Plant to increase its long steel products output from 23,000 mt to 35,000 mt per month, and also to reduce production costs.
"For the first two stages of modernization which began in 2007, we invested Ruble 2 billion. As a result, we have significantly increased our production level, which in 2011 will offer to the Russian market over 120,000 mt more of high quality reinforcing bars used in the reinforced concrete structures of buildings," the plant's general director Igor Shischuk said.
In October 2008, Revyakino Metal-Rolling Plant commissioned its section rolling mill ‘320', which reached its designed capacity in February 2009.
Revyakino Metal-Rolling Plant produces hot rolled steel rebars, square bars, strips, hexagons, and equal-leg angles, with diameters of 8-32 mm.