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TMK to invest $45m in Seversk Tube Works in 2010
05.07.2010
Steel pipes manufacturer TMK intends to invest $45m in development of its Seversk Tube Works, based in Sverdlovsk region, in 2010, the Seversk plant reports.
Specifically, under plans, the funds are to be spent to launch production of new press-scissors, with annual capacity of 200,000 tons of sized scrap, by the end of July 2010.
The funds are also to be used to continue designing a continuous rolling mill.
www.marchmontcapital.com
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