Vyksa metallurgical plant increased pipes production by 43%
Edited by Rhod Mackenzie / 2015-04-10 07:10:47
Metals and mining Oil and Gas Russia Power of Siberia (Sila Sibiri) United Metallurgical Company (OMK) Russia Metals and Mining Russia Oil and Gas Gas Gazprom Steel Transneft
“Vyksa metallurgical plant” JSC (VMZ, in the structure of OMK CJSC) in Q1 2015 produced 520.4 thousand tons of pipes- by 43% more against Q1 2014. The output of railway wheels fell by 56%, CEO V. Markin, said.
According to him, the growth of pipe production is due to the rise of supply volume for the strategic partners of OMK – Gazprom and Transneft. He said that in Q1 the company shipped pipes for such projects as Power of Siberia and Bovanenkovo-Ukhta. The fall of railway wheels output is explained by the fall of demand and a negative influence of dumping supplies of the Ukrainian wheels.
