Kirovsky Zavod reviewed the construction of the foundry.
As commented in the press center of the production holding "Kirovsky Zavod", the company revised the construction project in the village of Gorelovo new foundry. The design capacity was increased from 25 thousand tons of iron and steel castings to 32 thousand tons. The volume of investments grew by 20%, from 1.63 to 1.98 billion rubles.
The management of the future enterprise says that the adjustment is due to the fact that even before the start of construction, the volume of orders for the future plant was 2.5 times higher than the annual capacity of the enterprise. Alexey Potanin, director of Petrostal CJSC and head of the integrated business unit for metallurgy of the Kirovsky Zavod group of companies, told about the adjustment of plans. Construction of the plant, involving the construction of a building area of 15 thousand square meters.m, will begin in March-April 2008, and completed by November 2009. The working title of the project is “St. Petersburg Foundry.” It is planned to recoup the investment in 6 and a half years. The project involves the development of two areas - the creation of an automatic line for the production of serial parts for the production of agricultural machinery and equipment of extractive industry enterprises, as well as a molding line for large-tonnage casting based on the needs of power engineering.