OMZ Foundry Production Implements Latest Technologies

OMZ Foundry Production, a part of OMZ, announced plans for a switch to the production of medium and small sized casting products using Alphaset Process Technology by mid-2008.

Alphaset Process Technology simplifies the procedure for mold knockout and delivers significant quality improvements. The size and configuration of casting products will closely correspond with finished products.

The switch to the modern technology will be possible after replacement of all mixing and molding machines with the latest mixers. Full reconstruction of the workshop has been already begun. It will be completed by August 2008. In addition, the company is actively rebuilding its large sized casting facilities. In February the company expects to put into operation a new mixer from FTL, a UK company, with a capacity of 40 tons per hour. Simultaneously the company is working on installation of a gas cleaning system by Dantherm, a German company.

As part of OMZ's general investment program developed for its companies located at the St. Petersburg industrial site, investments of more than RUR 150 mln into OMZ Foundry Production’s facilities are planned. The company plans to renovate its large sized casting equipment fully, to purchase new machining equipment, and to rebuild the electric furnace workshop.

 

About OMZ Foundry Production

OMZ Foundry Production was formed in May 2007 on the basis of Litye, OMZ Special Steels’ business unit. The company specializes in the production of steel shaped castings of up to 130 tn, including casting products made from special types of steel. The steel casting products made by OMZ Foundry Production are designed for enterprises specializing in power plant engineering, metallurgy, shipbuilding and the mining industry.

From the moment of its formation OMZ Foundry Production has been increasing its production volumes step by step and recently doubled its monthly revenues in comparison with revenues a year ago. For 2007 the company’s production volume reached 12,000 tn, and the value of sales reached more than RUR1 bln. The company plans to increase sales in 2008 significantly through implementation of updated technologies. At present the company is negotiating with a number of foreign customers including VA TECH HYDRO (Austria), Alstom (Switzerland), Metso Minerals (USA).