August 3, 2011 / 10:08 AM / in 7 years

ArcelorMittal Temirtau in $150 mln furnace upgrade

* CEO of Kazakh operations sees “new” furnace after upgrade

* ArcelorMittal Temirtau sees 6 mln tonnes output post-2015

ALMATY, Aug 3 (Reuters) - ArcelorMittal , the world’s No. 1 steelmaker, said on Wednesday it would invest about $150 million to upgrade a blast furnace at its plant in Temirtau in Kazakhstan as it seeks to boost output.

“The upgrade of blast furnace No. 3 is being conducted within the framework of a modernisation and production expansion programme to achieve output of around 6 million tonnes a year by 2015,” the company said in a statement.

It said it plans to complete the upgrade in the second quarter of 2013.

“Taking into account the depth of its modernisation and the level of technological solutions, this will be a completely new blast furnace,” the statement quoted ArcelorMittal Temirtau CEO Frank Pannier as saying.

The furnace’s capacity will be boosted by 70 percent to 6,300 tonnes of cast iron a day, while its consumption of water will fall by 35 percent, of electricity by 8 percent and coking coal by 2 percent per tonne of cast iron.

ArcelorMittal has repeatedly said that it plans to boost output at its Kazakh plant to 6 million tonnes of crude steel by 2015 from approximately 3.8 million tonnes this year. (Reporting by Dmitry Solovyov; Editing by Jane Merriman)

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