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Russia's MMK to build new foundry and forging shop to reduce imports-2025 China(Guangzhou) Int'l Forging Industry Exhibition
8/12/2024 forging expo-forging exhibition--forging event |
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Russian steelmaker MlMK Group has announced that its group company Mekhanoremontny Kompleks, which specializes inequipment manufacturing, will invest over RUB 14 bilion ($164.51 milion) to build a new foundry and forging shop.Having a production capacity of about 24.000 mt per vear, the new shop wil focus on producing engineering products for Russiaand the other ClS countries, with the aim of substituting imports. Moreover, the shop will produce forged work rolls for cold rollingmlls, torged suppot rols tor cold and hot roling miis, arae-sized foroinas with an ingot weloht of up to 120 mt suoplyina productsto the domestic steel industry and reducing imports of forged rolls to 30 percent from 80 percent.
The construction of the project is expected to be completed in the fourth quarter of 2026
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