OREANDA-NEWS. The total value of investments of OJSC Novolipetsk Steel (NLMK) in fixed assets for Q1 2007 amounts to USD 173.2 million.

The following major projects were realized under the Technical Upgrading Programme:

Signing an equipment supply agreement with the Austrian company Andritz AG.  Andritz AG will supply two rolling mills, each with 110,000 tpy capacity, for the production of grain and non-grain-oriented steel and new hot-dip galvanizing line with 300,000 tpy capacity.

Installation of a new coil slitting line with a capacity of 60 tpy. The new equipment will enable the company to introduce a new product - grain-oriented (GO) steel strip, with a width ranging from 80 to 400 mm, and a thickness of 0.23 to 0.30 mm.

Re-commissioning of a 460,000 tonnes per year coke battery #2 after major renovation at the production site in Lipetsk.