IUD to Launch Metal Rolling Plant in UAE in 2008
18 January 2008
According to Interfax, the company’s CEO, Serhiy Taruta announced that the Industrial Union of Donbas plans to launch a metal rolling plant in the United Arab Emirates in 2008. The plant’s production capacity is 1 mln mt of armature and rolled wire per annum. Andriy Gerus: We expect the plant will create additional demand for Alchevsk Steel (ALMK: BUY) and DMK Dzerzhynskogo’s (DMKD: N/R) semi-finished steel products, fueling output growth at those companies in 2008-2009.
