Last update: 22.11.2024 07:31 (GMT+2)

LME: JSC “Liepājas Metalurgs” is spending €200 million on a series of investments

24.11.2005, Liepājas metalurgs, RIG
Liepājas Metalurgs                                              24.11.2005

JSC “Liepājas Metalurgs” is spending €200 million on a series of investments

Latvian steel maker Liepajas Metalurgs is spending €200 million
($ 235 million) on a series of investments aimed at increasing production
at the long products plant.

Test will be carried out in December on an 800 000 t/y four-strand billet
caster from VAI, which will then go on stream in January. A new rolling
mill for both coiled debar and wire rod will also be built. Annual
production capacity will rise by 200 000 tons to 800 000 tons
After the revamp. Liepajas Metalurgs will maintain its focus on the
domestic market, but will also sell to other Baltic states and some EU
Countries.


B.Imbovica
Chief Economist
JSC "Liepājas metalurgs"

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