The first order of steel-making facilities for the automotive industry will be commissioned in St. Petersburg in autumn 2010

Reportedly, Intercos-IV will commission the first order of steel-making facilities for the automotive industry at Izhora Plants in autumn 2010. According to the plan the second order will be commissioned in 2011. The first order project investment cost reaches about 4B rubles. The total production area will cover 48 hectares.

Dies and molds manufacturer and a steel service center, Intercos-IV is a sister company of Magnitogorsk Iron and Steel Works (MMK). The total investment in the project including building and commissioning of the plant reaches about 11 B rubles.