Siemens: Increasing investment stimulates transformation of Russian steel plants
Russian steelmakers have made up for the collapse of production of 2009 due to the worldwide economic crisis. “2010 saw an increase in the steel production again almost to the level of the record breaking year 2008, and the companies have started again to increase their investment in the expansion and enhancement of their production,” explained Werner Auer, CEO of worldwide leading system supplier Siemens VAI, to Russian media in Moscow on Friday. Auer has observed an ‘increased demand for new technologies’ to be used primarily in new plants or in the context of modernization. The goal is to increase the efficiency of steel production and to improve the quality of the products. “Contrary to many other steel nations, Russia has its own raw materials and energy,” said Andreas Lemp, responsible manager for the systems business in Moscow. “This puts Russia in a good position to become a cost leader in production also in international competition.”
Russian steelmakers have made up for the collapse of production of 2009 due to the worldwide economic crisis. “2010 saw an increase in the steel production again almost to the level of the record breaking year 2008, and the companies have started again to increase their investment in the expansion and enhancement of their production,” explained Werner Auer, CEO of worldwide leading system supplier Siemens VAI, to Russian media in Moscow on Friday. Auer has observed an ‘increased demand for new technologies’ to be used primarily in new plants or in the context of modernization. The goal is to increase the efficiency of steel production and to improve the quality of the products. “Contrary to many other steel nations, Russia has its own raw materials and energy,” said Andreas Lemp, responsible manager for the systems business in Moscow. “This puts Russia in a good position to become a cost leader in production also in international competition.”
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