04 JULY 2012FoxBusiness
Rusal to boost output of Novokuznetsk smelter
Edited by : AL CIRCLE
1 min read
United Co. Rusal plans to embark on a modernization program at its Novokuznetsk aluminum smelter which will boost 2012 production to 286,000 metric tons and increase value-added output by 18,000 tons a year from 2013, the company said Tuesday.
The project will cost around 170 million rubles ($5.22 million) and will start with an upgrade of the smelter's casting facilities, which produce billets for the aerospace, automotive, construction and electrical industries.
"Extending the product range will give Novokuznetsk the opportunity to increase sales at the domestic market and conquer new ones, including Asia and North America," said Vladimir Polin, Rusal director for its Aluminum Division East. "The increase in value-added output will help us to make maximal margins possible and will boost our overall efficiency," Polin added.
Novokuznetsk is in western Siberia and has a production capacity of 322,000 tons, according to Rusal's website. Like other aluminum producers, the company cut production across various of its smelters during the economic downturn as consumption patterns weakened.
The project will cost around 170 million rubles ($5.22 million) and will start with an upgrade of the smelter's casting facilities, which produce billets for the aerospace, automotive, construction and electrical industries.
"Extending the product range will give Novokuznetsk the opportunity to increase sales at the domestic market and conquer new ones, including Asia and North America," said Vladimir Polin, Rusal director for its Aluminum Division East. "The increase in value-added output will help us to make maximal margins possible and will boost our overall efficiency," Polin added.
Novokuznetsk is in western Siberia and has a production capacity of 322,000 tons, according to Rusal's website. Like other aluminum producers, the company cut production across various of its smelters during the economic downturn as consumption patterns weakened.
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