BELARUS NEWS AND ANALYSIS
DATE:
02/12/2010
Danieli inks MoI with BMZ for new sheet rolling mill in Belarus
Byelorussian Iron & Steel Works and the leading Italian producer of steelmaking machinery and plants Danieli & C Officine Meccaniche SpA have lately signed a memorandum of intent for the construction of a new sheet rolling mill in Belarus.
Danieli is expected to be the cofounder of the new sheet rolling mill JV with BMZ, with its share in the capital of the JV to amount to 25%. The cost of the project and the planned amount of investments has not been revealed.
As SteelOrbis previously reported, in October 2009 Belarus opened an international tender for the construction of a new sheet rolling mill, which will have the legal status of a joint venture in terms of a joint stock company. The mill, it is now understood, will have a capacity of 600,000 tonnes of hot rolled sheets in coils, and it will allow Belarus to create its own capacities for the production of sheets and to replace imports of the products in question.
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