Help Desk -
9958816305, 9810335381
Email
Password

Interpipe & Danieli sign agreement for steel complex

Steel News - Published on Wed, 28 Feb 2007

Ukrainian Interpipe has signed a contract with Italian Danieli to build a state of the art electric steel making facility in Kiev at a ceremony attended by Mr Viktor Pinchuk founder of INTERPIPE and senior management from both companies. Construction is expected to start within 3 to 5 months.

The USD 610 million mill will be capable of producing 1.32 million tonnes of round billets and blooms per annum for feeding Interpipes manufacturing mills with high quality steel for production of pipes and wheels.

The new Meltshop will feature all the latest technologies and high tech equipment available in steelmaking and casting including a 160 ton twin shell, inert roof type LF and a double tank VD equipped with a 4 stages 400 kilograms per hour steam ejector vacuum pump. Split shell FastArc AC EAF will operate based on 100% scrap and will be equipped with the latest technology in chemical energy injection and HIREG electrode digital regulation system, for enhanced furnace operation and for energy consumption optimization. One four strand bloom caster and one 5 strand billet caster will be equipped with the latest generation of tundish and mould design, hydraulic oscillators and all means to enable high speed casting of 150mm to 470mm quality round billets and blooms.

Mr Viktor Pinchuk founder of Interpipe said "The future of Ukrainian industry is not just about modernizing existing mills and factories, many of which were built over 50 to 100 years ago, we also need to invest in new, high technology manufacturing facilities. Through working with partners like Danieli on projects such as this, I am very pleased to see that we are making a significant step forward in the building of a modern industrial infrastructure for Ukraine in the 21st century."

Mr Alexandr Kirichko MD of Interpipe while commenting on the project said that "This electric steel making facility will provide the company with its own resource base, as well as enhance quality control at each stage of the production chain. This cutting edge facility will allow considerable reductions in gas consumption 8 times less than the current rate and overall emissions 2.5 times less. This project will also create 500 new jobs for the local community. Most importantly, however, we will be in a position to provide our customers around the world with better products more efficiently."

Inetrepipe is a major Ukrainian producer of steel pipes and wheels. With 2006 sales in excess of USD 1.5bn, Interpipe produces 4.3% of the world's seamless pipes and 12.8% of railway wheels.

Posted By : admin on Wed, 28 Feb 2007
Related News from Steel segment