Italy-based Marcegaglia Group has invested in a new stainless pipe and flat steel service center in Vladimir. The new establishment will produce about 35,000tns of steel per year, with an expected turnover of EUR 130 million, which will help to raise the share of the group’s foreign revenues from 10% to 20%.
The expenses incurred by Marcegaglia will be about EUR 50 million, of which EUR 30 million for fixed assets. The activity will occupy four different buildings: one for the production department and three for logistics.
The expenses incurred by Marcegaglia will be about EUR 50 million, of which EUR 30 million for fixed assets. The activity will occupy four different buildings: one for the production department and three for logistics.
Equipment will include a cutter, two TIG welding lines, two laser welding lines, two high frequency welding lines and plants for smoothing and brushing of flat steel. Flat steel will be sold cut to length as well.
