8 July 2014
PJSC “Ilyich Iron and Steel Works of Mariupol” which is inside Metinvest group invests more than 52 million ghrivnas on the modernization of roll-grinding machines in sheet-rolling mill “3000”. The renovation of machines will allow to process mill rolls with weight up to 120 tons. It is a unique rate for the Ukrainian enterprises.
Currently the modernization of the two first machines of German company Waldrich Siegen has been finished. They are intended for the processing of work and back-up rolls from the roughing and finishing group of stands by grinding with the aim to remove “wear hardening” and form the rolls shape.
The renovated machines can work now in semi-automatic regime. This allows the equipment to carry out measurements and begin grinding independently. Also due to the installation of semiautomatic device the time of conducting of all operations has been shortened, the accuracy of the work performance has been increased. During the modernization the ultrasonic gauges were installed on pinchers which allow determining inner defects of the roll.
The restoration productivity of the rolls has been increased on 40% and also the accuracy of the surface processing has been increased twofold in the modernized machines. The renovation of the machines allows improving the stability and the quality of the produced rolled metal products.
The general manager of the PJSC “Ilyivh Iron and Steel Works of Mariupol” Uriy Zinchenko:
-Ilyich plant has taken a steady course for the modernization of the production equipment in all shops. We carry out a systematically planned work which in the long run will bring us sufficient results: reduce of emergency stoppings, provision of production stability and the increase in the quality of our production.
- For editors:
PJSC «Ilyich Iron and Steel Works of Mariupol» is one of the greatest enterprises in Ukraine with full metallurgical cycle. The Works produces pipes and flat rolled products of carbon, low-alloy and alloy steels for different applications: hot-rolled plates and sheets intended for the production of pipes for main pipelines, ships, pressure vessels, bridge constructions, other metal constructions for critical application; hot-rolled plates, sheets and strips including pickled; cold-rolled, including galvanized, bands, sheets and strips, including for cold stamping, flooring and others.
METINVEST is an international vertical-integrated mining-and-metallurgical Group of companies, which runs assets in every link of production chain for creation of value from iron-ore and coal mining tol semi-finished and finished metal products manufacture. The structure of the Group comprises mining and metallurgical enterprises in Ukraine, Europe and USA, and sales network covering the key world markets. METINVEST GROUP consists of Metallurgical and Mining Divisions. According to the strategical vision of the Group its aim is to become lead European vertical-integrated steel producer with stable ratio of growth and cost effectiveness in spite of market cyclicity, and to ensure investment return higher than industrial standards. For the first quarter of 2014 ended 31 March 2014, the Group reported revenues of US$2.9 billion and an EBITDA margin of 30%.
The main shareholders of METINVEST B.V. company (Holding company of METINVEST GROUP) are SСM GROUP (71,25%) and SMART GROUP (23,75%), which control Group at partnership relations.
METINVEST HOLDING LLC is the managing company of METINVEST GROUP.