The Amurmetal plant, the only metallurgical facility in Russia’s Far East, resumed operations in late July after a 6-month shutdown to produce 30,000 tons of steel, the Far East Development Ministry said quoting Vladimir Lebedev, CEO of Torex-Khabarovsk, a resident of the Khabarovsk priority development area.
“Torex bought the facility in late January to become its strategic investor. The plant resumed operations on July 29, creating jobs for 2,700 people, and has produced over 30,000 tons of steel by now,” he said.
Lebedev also said that his company planned to modernize the plant.
The facility located in the Khabarovsk region, is to produce 51,000 tons of steel in August and 1 million tons of steel in the first year of operation. It has a capacity of 2.15 million tons of steel annually. (Prime/Ukrainian metal)