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CJSC MZPV
Closed Joint Stock Company Magnitogorsk Mill Rolls Plant (or CJSC MZPV) is the first company in Magnitogorsk and is among the first in the Chelyabinsk Region that was entered into the Register of Regional Investment Projects as the manufacturer of rolls for roughing stands of flat mills, plate mills and rail-and-beam mills under the guidance of the Ministry of Industry and Trade and governmental authorities of the Chelyabinsk Region. This project is of high priority for the region and for the Russian Federation in general.
Closed Joint Stock Company Magnitogorsk Mill Rolls Plant (or CJSC MZPV) is the first company in Magnitogorsk and is among the first in the Chelyabinsk Region that was entered into the Register of Regional Investment Projects as the manufacturer of rolls for roughing stands of flat mills, plate mills and rail-and-beam mills under the guidance of the Ministry of Industry and Trade and governmental authorities of the Chelyabinsk Region. This project is of high priority for the region and for the Russian Federation in general. The Project is aimed at import substitution of strategically important products for the Russian market, which will contribute to the stabilisation of the ferrous metallurgy industry sector as a whole, as well as to the development of the national industry. Investments for the implementation of the Project amount to 674,921.19 thousand rubles and total revenue will amount to 3,032,630.7 thousand rubles. Through the implementation of this Project, an additional 11 technologically advanced workplaces have been made available at CJSC MZPV. The Project will provide a significant competitive advantage for CJSC MZPV over the foreign suppliers of large-diameter mill rolls, as well as offer cost reduction and shorter delivery periods for the companies consuming the above-mentioned products. The customers of MZPV are expected to benefit from the following: ü reduced strategic dependence of the Russian iron and steel industry on the import of large-diameter mill rolls; ü promptness of order placement; ü shorter delivery time by avoiding customs clearance; ü less exposure to currency fluctuations. The completion of the activities planned as part of the Regional Investment Project will enable CJSC MZPV to produce a new range of roll sizes:
CJSC MZPV intends to complete the first phase of the Project in 2021. Within the first quarter, the SKODA horizontal boring machine will be commissioned, and within the second quarter - the centrifugal casting machine. MZPV plans to deliver pilot batches of products totalling 117 tonnes by the end of 2021. MZPV also plans to reach its design capacity of 1,618 tonnes/year in 2024. |