Posted on 01 Nov 2024
Russia’s Don-Metall, part of Infinity Capital LLC, plans to launch production of rebar in Kamensk-Shakhtinsky, Rostov Region, in the first quarter of 2025, according to the regional governor’s press service.
The mill’s production capacity will be 400,000 tonnes/year, Kallanish notes. The total investment in the project is RUB 3.6 billion ($37 million). It will create more than 250 jobs.
"The technical launch of production is planned before the end of this year, and the facility is to be commissioned in the first quarter of 2025," authorities say in a statement, citing the company's chief executive, Sergei Frolov. “The investor has already completed the construction of the rolling shop, including water treatment sections, a 35 kW electrical substation and a storage area – a new electrical substation and linear infrastructure facilities have been launched. Currently, the installation of rolling equipment is being carried out on the territory of the enterprise, as well as access railways.”
The company has plans for further development. It plans to build another stage of rolling production on the same site. It could receive the status of a regional investment project, as well as support from the regional industrial development fund, the statement says.
Don-Metall began implementing the project to build a rebar plant in 2018. The planned capacity was 250,000t. However, in April 2020, due to the Covid-19 pandemic, the project was suspended. In early 2023, the regional Ministry of Industry and Energy announced an extension of the construction deadline for the metallurgical plant "due to a lack of financial resources”.
In early October, Infinity Capital LLC, which is associated with the owner of the Zagorsk Pipe Plant and Ural Steel, became the owner of 100% of Don-Metall LLC.
A source at the company told Russian state agency Interfax at the time that the launch of production at the plant in the Rostov region was planned for the end of 2024.
Source:Kallanish
