AvestaPolarit will increase the capacity of its Tornio hot rolling mill from about 1
million tonnes to 1.7 million tonnes per annum. The new investment project will raise hot rolling capacity to match the expanded 1.7 million tonne slab capacity, following the completion of the on-going major expansion program at the Tornio integrated mill. The capability to process all of the expanded slab output into hot band at the site will further strengthen the cost-efficiency of the overall operation and clearly contribute to an optimisation of the material flows within AvestaPolarit’s Coil Products business area. The capital expenditure amounts to about EUR 170 million, stretching mainly over 2003-2004. The main components of the investment are three additional rolling stands, which will be installed after the existing hot rolling mill. The new hot rolling capacity is scheduled to be available by the end of 2004.
