Vyksa Iron and Steel Works will start producing casing, compressor-pump and oil-and-gas pipes in late 2018.
According to the company managing director Alexander Barykov, VMZ has started reassembling shops. The works intends to produce the first batch of pipes during the next year, and after that a mass production will be organized.
Investments in the project total 40 billion rubles.
In 15 years the company has invested over 180 million rubles in modernization. (Ukrainian metal)