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| ABB wins $28-million contract in Turkey Swiss engineering group ABB has won a $28-million contract for equipment to provide a new steel plant in Turkey with the reliable power supply needed to ensure high-quality production. The project is the largest single private investment in the iron and steel industry in Turkey and will have the capacity to produce 2.5 million tons of hot flat-rolled products and 1.2 million tons of cold rolled products. The plant will also produce galvanizing steel, dyed sheet steel and rolled steel. ABB will supply technology including a Static Var Compensator (SVC), which compensates for fluctuations in the voltage and current of power supplies that can harm production quality in industrial plants. The contract was awarded by MMK-ATAKAS, a joint partnership between Atakas Metallurgy and Port Management Inc. (Turkey) and Magnitogorsk Iron and Steel Works (MMK), a Russian company. The initial phase of the project is scheduled to be operational by April 1, 2009. Backed by more than 30 years of experience in SVC systems for the steel industry, ABB solutions will shorten melting times and decrease energy loss, lowering energy costs and reducing consumption of materials. write your comments about the article :: © 2008 Construction News :: home page |