Russian steel producer Severstal and Spanish company Gestamp have commissioned their new automotive stamping plant Gestamp-Severstal-Kaluga in Russia's Kaluga region.
Accordingly, the new stamping plant will produce auto body parts for the factory of leading German automobile manufacturer Volkswagen which is located in the same industrial zone in Kaluga. The new plant is equipped with several press lines and will provide a complete chain of steel processing: from coils to details of the cars. The annual production of Gestamp-Severstal-Kaluga plant will amount to 13 million of stamped parts, with its main consumers being such carmakers as VW, PSA, and Renault-Avtoframos. The total investments in the project amounted to €89 million, of which €39.5 million were directed towards the purchase of equipment.
Meanwhile, Severstal has also commissioned its new joint venture metal service center with Gestamp Corporation's Gonvarri, which is also located in Russia's Kaluga region. The Severstal-Gonvarri-Kaluga metal service center, with a capacity of 170,000 mt per year, is aimed at meeting the needs of the automobile industry, as well as of the electro-technical, electronic and construction industries. The total investments in the service center amounted to €40 million.