CMI has started the second phase of construction of the plant in St. Petersburg

The company "Intercosmos-IV» — a subsidiary of JSC "Magnitorgorsky Iron and Steel Works" (MMK) — began the first phase of the second stage of construction of a steel service center and stamped components plant "MMK-Interkos" in St. Petersburg. Total investment in the project will amount to 4 billion rubles., The company said.

It is assumed that in the first phase will be installed press equipment. According to the plan, the equipment must be installed in the company until the end of April 2011. in an already-built housing service metal. The volume of metal processing facilities on the second stage will be 110 thousand tons per year.

The first phase of "MMK-Interkos" was put into operation in November 2010. According to the forecast, in 2011. production capacity is 250 thousand tons of steel products.

Production of JSC "Intercosmos-IV» is focused on automotive, home appliances, construction industry, shipbuilding and other industries.

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