Siemens modernizes electric arc furnaces in Finland and Saudi Arabia
Siemens VAI Metals Technologies received orders to modernize electric arc furnaces for both the Saudi Iron and Steel Company (Hadeed) and Outokumpu Oy, a Finnish steel producer. Both plants will be equipped with a new hydraulic system which will improve the efficiency, availability and productivity of the furnaces. The orders are worth several million euros. The projects are scheduled to be finished in the fall of 2010 and by the end of 2011 respectively.