Rus News Journal

Trubniki undertook moulding

Yesterday it became known that the Trumpet metallurgical company (TMK) plans to create in Volgograd litejno - a metallurgical complex capacity of 1,2 million t metal in a year. Building with attraction of state guarantees will be financed. Last year plans on creation of own foundry manufactures declared also others Russian trubniki - the Chelyabinsk pipe-rolling factory (CHTPZ) and the Incorporated metallurgical company (OMK). Having despaired to wait decrease or at least stabilisation of a rise in prices for metal, the trumpet companies have decided to provide by 2008 the factories with own raw materials.
as have declared yesterday in administration of the Volgograd region, TMK plans to organise for territories of Volga trumpet factory entering into holding own litejno - a metallurgical complex for release of flat hire (shtripsa - raw materials for manufacture of welded pipes, today the company basically buys it in Ukraine). Project cost will make about $300 million, capacity of a line - 1,2 million t annually. Building is supposed to be begun in 2006, now TMK searches for suppliers of the equipment.

the head of department of an information policy of the device of the governor of the region Sergey Ilyin has told that project financing will be realised by a principle is private - the state partnership - state structures guarantee TMK credits which will be given by Vneshtorgbank. Thus the state will not receive a share in new manufacture. As mister Ilyin assures, interests of the state in this project consist in increase at the expense of its realisation of annual tax deductions TMK in budgets of all levels on 1,5 mlrd rbl. In regional administration say that governor Nikolay Maksjuta has already presented the project to the government for reception of state guarantees.

the Press - secretary TMK Dmitry Zheglov has explained that the rise in prices metkombinatov on shtrips (preparation for release of seamless pipes TMK already lets out) became the reason which has induced holding to undertake moulding. Any business aspires to reduction of costs, - mister Zheglov speaks. - Now growth of profits of metallurgists first of all lays down on shoulders trubnikov .

TMK became the third trumpet company of Russia, within last year declared building of large foundry capacities. In August, 2004 the project on building litejno - a rolling complex in the Nizhniy Novgorod region declared OMK. Investments into the project will make $500 million As have informed yesterday in a press - service OMK, now the company prepares for contract signing on deliveries to a platform of the steelmaking and rolling equipment. More detailed information on plans under the project becomes known the next months.

Joint-Stock Company Group CHTPZ (Operates CHTPZ and Open Society Pervouralsk new trumpet factory ) in December officially declared intention to construct a metallurgical complex for manufacture of trumpet preparation by capacity of 900 thousand t in a year (about project details told on November, 25th, 2004). The group expects to begin building in 2006 and to finish it by 2008. The cumulative requirement of Pervouralsk new trumpet factory and CHTPZ in trumpet preparation makes about 1 million t, which most part now trubniki get on Nizhnetagilsky metkombinate (enters into group structure Evrazholding ) And on Orsko - Halilovsky metkombinate (Open Company the Ural steel belongs to businessmen Alisher Usmanov and Vasily Anisimov). According to the head of group CHTPZ Andrey Komarova, transition to preparation of own manufacture will allow trubnikam to save to $100 million a year.

Evrazholding as a result of realisation of project CHTPZ can lose the buyer about 20 % of let out hire. However in holding declare that are not afraid to lose the big customer because trubniki promise to increase essentially by 2008 volumes of output.

, Volgograd