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New plant for metallurgical inputs will be built near town of Lom

Article published from on 2012-02-07 18:51:00
Category: Business in Lom

A new plant for metallurgical inputs will be built near the town of Lom, the investor Rua Group told. The idea is to build new facilities for the production of pellets to the existing capacities. Pellets are used for the production of steel and cast iron and when the investment is made, Bulgaria will become an exporter of these goods to Europe, company sources commented. 

Rua Groupcurrently has two enterprise in Lom - a factory for metal pipes and a metal factory, which have been operating since 2005. Metal balls for grinding ore and cement are produced in their workshops and the output is sold on the domestic market and exported to Greece, Albania, the Ukraine and other countries.

A major investor in the project is the Ukrainian businessman, Viktor Demenyuk, who was interested in buying the bankrupt Kremikovtsi iron and steel works from Pramod Mital. The new production capacities are expected to create a lot of jobs in the Lom region.
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