Uzmetkombinat constructs facility for vacuuming liquid steel
02/12/2013 12:15
Uzmetkombinat constructs facility for vacuuming liquid steel
02/12/2013 12:15
Tashkent, Uzbekistan (UzDaily.com) -- Open joint stock company “Uzbek Metallurgy Combine” (Uzmetkombinat) is realizing an investment project “Expanding production capacities with construction of facility for vacuuming liquid steel with reconstruction of the unit on complex processing of steel”.
The project is implemented in line with the resolution of the Cabinet of Ministers of Uzbekistan On measures on implementation of investment project “Expanding production capacities with construction of facility for vacuuming liquid steel with reconstruction of the unit on complex processing of steel” from 10 October 2013.
In interview to newspaper “Pravda Vostoka, deputy head of engineering center of Uzmetkombinat Nariman Umerov said that the project is directed at construction of special vacuum facility, which is one of the important stage of steel processing.
He said that at melting steel, there are harmful substances such as phosphorus, sulfur, oxygen and air. This negatively impacts steel products. The vacuum facility will help to eliminate air, gas and other harmful substances from steel. The steel is much cleaner and help to produce new marks of steel.
Umerov said that the enterprise will finally bring the quality of the welding wire to the relevant international standards, as well as start production thin rod from next year.
The facility will also help to optimize production process and expenses. The electricity consumption will decrease by 3% or 672,000 KWH a year or 65.7 million soums. It will also help to decrease use of other raw materials.
The facility will also increase production of steel from 700,000 tonnes to 850,000 tonnes a year.
The project cost is US$17.094 million. It is expected that the expenses will be repaid within 4.5 years.
In the result of tender trades, the agreement with ADREM INVEST SRL (Romania) for US$13.1 million on supply of technology and technologic equipment, carry out installation and assembly works, and training of the personnel.
The Government approved main technical-economic parameters of the feasibility study of the investment project with commissioning of the units in the fourth quarter of 2013.
According to the resolution, the project will be financed due to own resources of Uzmetkombinat for US$8.1 million and loan of the Ipoteka Bank for US$9 million.
The loan will be issued for five years with one year grace period. Interest rate on the loan set at 8% APR.
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