Alliance with China will allow technological adaptation in Sidor
Friday, March 18, 2011
The construction and installation of next-generation machines will give added value to raw materials manufactured in the company.



The steel provides an initial outlay of $ 250 million. Photo Courtesy of Sidor A delegation from the Chinese company Metallurgical Corporation of China, Limited (MCC) arrived in Guyana to discuss with Minister of Basic Industries and Mining, José Khan, President of Sidor Carlos D'Oliveira, and addresses Industrial Production, and Engineering and the Environment of the company, the orientations of the projects to be developed as part of cooperative relations between the Asian country and Venezuela.

According to a press release Sidor, after a tour of the areas of Pellas, Stripping and Slabs of Sidor Steel Mill, was a meeting where he presented details of the two major projects to be developed, linked to the area Pickling and Continuous Casting Machine Round, to be installed in the steel slab.

Investments will be made with funds raised from the Long Term Fund and Large Volume of China. Khan said that this partnership is made possible by the integration policies of the Bolivarian Government to Enhance Basic Industries Guayana.

Investment for Development
The accompaniment of the MCC will come true in Sidor optimum adaptation technology, to develop the potential of the company, while providing effective solutions that allow increased production capacity of the main steel in the Andean region, the note said press.

D'Oliveira said in a first step, assemble a Continuous Casting Machine Round, which will support the downstream development of social production company that will produce seamless pipes for the oil industry. For this task an investment of 250 million dollars.

He gave details of another important project to be executed in the area of ​​Pickling, which will run the full alignment of two lines which will ensure the quality of flat products, used as raw material for the manufacture of roof sheeting, as well as the country's food industry. The investment of this project is located at about 18 billion dollars or so.

Joining forces
The Republic of China has won a remarkable economic development in recent years.

In this country steel material maintains half of steel production worldwide, which is why Kuan Shu Li, president of the MCC, said the willingness to cooperate and share experiences and technologies Venezuela.

It is estimated that over the next two months, completed the engineering plan to initiate studies that deal with advanced technology. (In press information Sidor)