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ArcelorMittal to Double Output at Temirtau Plant
06/11/2008 - ArcelorMittal says it will double the steelmaking capacity of its Temirtau plant in Kazakhstan, increasing its annual output from 5 to 10 million tonnes.
ArcelorMittal has announced plans to double the steelmaking capacity of its Temirtau plant in Kazakhstan, increasing its annual output from 5 to 10 million tonnes.
Four million tonnes of new crude steel capacity will be added as part of the expansion project will add. For the steel plant, existing facilities will be modernized with latest technologies and safety and environmental standards.
The upgrade will also extend Iron ore and coal extraction operations. Latest technologies will help upgrade the existing Atasu iron ore mine to reach 10 million tonnes, increasing production to 16 million tonnes and making Temirtau entirely self-sufficient in iron ore.
The investments will be complemented by a $1.2-billion investment for continuous improvements in health and safety through modernization of the existing coal mines. Production is expected to reach approximately 17 million tonnes of mined coal by 2018, which will further increase self sufficiency in coal supply for ArcelorMittal Termirtau.
The company said the investments will also considerably reduce emissions and help the facility to achieve the highest environmental standards.
“With this significant investment, we are maintaining and developing our position as a key player in the regional and global steel market,” said ArcelorMittal Temirtau CEO Frank Pannier, commenting on the expansion project. “We have formed a strong project team to look at the various aspects of the projects, from the technological choices to the product mix. We will use state-of-the-art technologies that will minimize the impact on the environment and optimize production, making Temirtau a sustainable and quality focused operation.”
Christophe Cornier, GMB member for the region, commented, “The ArcelorMittal Temirtau expansion is clearly inline with our global growth strategy. We forecast that steel consumption will experience strong growth in the region over the next years. Once the expansion is complete, we estimate that one third of the increased output will be sold back into the Kazakh market and the rest will be exported to neighboring countries who have substantial needs for our products.”
ArcelorMittal is collaborating closely with the Kazakh government for planning and execution of the project, which is expected to take 5 to 9 years to complete.
ArcelorMittal is the world's largest and most global steel company, with 310,000 employees in more than 60 countries. The company leads a number of major global markets and boasts leading R&D and technology, as well as sizeable captive supplies of raw materials and solid distribution networks. An industrial presence in 28 European, Asian, African and American countries exposes the company to key steel markets, from emerging to mature, positions it will be looking to develop in the high-growth Chinese and Indian markets.
ArcelorMittal’s key financials for 2007 show revenues of USD 105.2 billion, with a crude steel production of 116 million tonnes, representing around 10% of world steel output.
