26.02.2007Leading steel company INTERPIPE today the award of a major new contract to Italian company Danieli to build a state of the art electric steel making facility. When completed, it will be the largest facility of its kind in Ukraine and Western Europe. The contract was signed today in Kiev at a ceremony attended by INTERPIPE’s founder Viktor Pinchuk and senior management from both INTERPIPE and Danieli.
The new facility represents an investment in excess of $610 million and will be capable of producing 1.32 million tons of round billets and blooms per annum, providing INTERPIPE’s manufacturing mills with high quality steel for the company’s pipes and wheels.
The site of the new mill is within the grounds of the company’s largest existing mill in Dnepropetrovsk, the Niznedneprovsky Tube Rolling Plant (NTRP). Construction will start in 3-5 months.
