English
The Targoviste-based steel works Mechel (formerly known as COS) will commission a new Concast continuous casting installation on March 6th following a 14 million USD investment that is part of a broader technological investment plan.
The installation comes with a computer-assisted process control solution that enables the production of advanced steel and is the latest technology available on the market. It will help the works become even more productive than the Mechel unit in Russia.
COS Targoviste was acquired by Mechel International Holdings AG, part of Mechel - Russia in 2002. The new owner has so far invested over 38 million USD in the works, which reported an output of 466,000 tons of steel last year.
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