The supervisory board of Russia’s republic of Tatarstan-based Alabuga special economic area approved a $250 million cold-rolled flat metal products facility to be built by Gemont Metal until July-September 2020, the area said in a statement on March 12.
The first stage of the plant will have a capacity of 770,000 tons annually.
It will be later expanded to 1.25 million tons. (Prime/Ukrainian metal)