Severstal Columbus Unveils $550 Million Phase II Facility Expansion
11/18/2011 - everstal North America celebrated the Grand Opening of its $550-million Phase II expansion in Columbus, Miss. The expansion included installation of a second EAF, caster, tunnel furnace, hot-dip galvanizing line, and push-pull pickle line.
Severstal North America celebrated this week the Grand Opening of its $550-million Phase II expansion in Columbus, Miss.
“Severstal Columbus is a critical part of our worldwide strategy to carefully steward our resources, move closer to our customers, and develop advanced technologies that will help us become the industry’s leading low-cost producer of high quality steel,” said Alexey Mordashov, CEO of OAO Severstal, during the ribbon-cutting ceremony for the Phase II expansion
The expansion project — which included the installation of a second electric arc furnace, ladle metallurgy furnace, caster, tunnel furnace, and hot-dip galvanizing line — will double Severstal Columbus’s annual steelmaking capacity production to 3.4 million tons (3.1 million tonnes). A wide heavy gauge push pull pickle line was also included in the Phase II project.
“The addition of Phase 2 allows us to increase sales to the market sectors where we were not actively present. We gained broad capabilities in heavy gauge pickled and galvanized products which we are now able to offer to the customers in both master coil and sheets or slit-to-customer order,” noted Sergei Kuznetsov, CEO of Severstal North America. “The launch demonstrates Severstal’s faith in U.S. economy and our commitment to domestic manufacturing, our customers, employees and communities.”
The Grand Opening of Phase II provided an opportunity for Severstal’s customers, suppliers and local community leaders to celebrate the positive impact the company has had in the area. Bringing hundreds of high-paying jobs and over a billion dollars of industrial investment, Severstal has helped to position the Golden Triangle region of Mississippi to compete in both local and global steel markets.
ОАО Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, holds assets in Russia and the USA, in Ukraine, Latvia, Poland, Italy, Liberia and Brazil. In 2010, Severstal reported revenue of $13,573 million and EBITDA of $3,263 million as well as crude steel production of 14.7 million tonnes.
Severstal North America specializes in the full range of high quality light flat rolled products. Fully integrated operations and corporate headquarters are located in Dearborn, Mich., and a new state-of-the-art electric arc furnace operation in Columbus, Miss., serves the growing demand for steel in the southeastern United States. Severstal North America also has several joint ventures for the high quality, value-added coated products, as well as Mountain State Carbon, a jointly owned coke-making facility. Severstal North America is a wholly-owned subsidiary of OAO Severstal.
