New rolling plant to be built in Ryazan region

The government of the Ryazan region, administration of Pronsky municipal area and Trabikum Limited have signed the agreement about building of steel rolling plant.

New plant will produce 2.5 million tons of hot rolled sheets in year, investments will be more than 47.5 bullion roubles ($1.7 bullion). Term of project realization is January, 2012 – December, 2015. Expected terms of the enterprise start is January, 2016.

Steel rolling plant building will allow to load free capacities of the Ryazan hydro power station, in addition to create more than 2.2 thousand new jobs.