Vyksa metallurgic plant invests 965 million rubles into preparation for South Stream

The Vyksa metallurgic plant (VMZ, a part of OMK) has invested over 965 million rubles into production and research work within the preparations for participation in the construction project of the underwater section of the South Stream pipeline, the company’s press centre reported.

According to VMZ’s CEO, Sergei Filippov, from July of 2012 over 865 million rubles were invested to equip the electric welding shop № 4 and the shop of anticorrosion pipe coatings with additional equipment. In particular, a booster press of TESA -1420 line and new stampers were purchased and installed, conveyor lines and a water purification system for contact cooling of pipes were upgraded. In addition, about 100 million rubles were invested into the development of technology, the mastering of rolled metal production and the output of pilot batches of pipes, their testing and research.

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