ITZ keeps up the implementation of its investment programme

They are about to invest another 210 million roubles into the development of the rolling mill (LPTs-3) production in 2013. The funds will be mainly directed into the updating of controlled cooling equipment and ultrasonic inspection equipment “Sever-6”. An implementation of a scale investment project started in spring 2013 during the capital repair. These actions are about to ensure an increase of the quality of the thick sheet for a manufacture of products at the Izhorsky Pipe plant (ITZ). “In fact, the question is about a meeting the stringent requirements of the pipe plants as to the quality of flat steel. They are about to supply the product for the largest Russian oil-and-gas projects “South Stream” and “Sila Sibiri”. A reconstruction will help us to compete with other companies, CEO of the plant N.Skorokhvatov said in an interview to the magazine “Metallosnabzhenie i sbyt”.