Russian Electrostal Heavy Engineering Works OJSC and Dashkesan Ore-Dressing Plant OJSC signed a contract, the Azerbaijan Steel Production Complex CJSC said Aug. 15.
The Dashkesan Ore-Dressing Plant is a structural unit of the Azerbaijan Steel Production Complex CJSC.
Under the contract, modern equipment and spare parts will be purchased from Russia for the Dashkesan Plant.
The equipment and spare parts will be used to modernize of the production process.
The works specified in the contract, should be carried out by January 1, 2015.
"Following the works, the iron ore concentrate's quality will rise from 60 to 66-67 percent, being accompanied with an increase in production capacity. This will allow the plant's products to go to European markets in 2015," according to the message.
During its visit to Russia, the Azerbaijani delegation also got acquainted with the production process at two enterprises - the Lebedinsky GOK and Oskol Electric and Steel Works, which are owned by the company 'Metalloinvest'.
These enterprises are located in the cities of Gubkin and Oskol of the Belgorod Province. They produce five million tons of iron per year. The use of these plants' experience is considered to be appropriate for development of possible cooperation directions.
Azerbaijan Steel Production Complex CJSC is also planning to send its employees to these enterprises to enhance their work experience.
Azerbaijan Steel Production Complex CJSC was created by presidential decree in April, 2013. It is engaged in the design, construction and management of a steel production complex in Ganja city and Dashkesan District of Azerbaijan.
The complex covers all production stages - starting from iron ore mining up to steel production, and uses new technologies in this area, as well as modernizes material and technical base and its efficient use, and carries out other works related to this industry's development.
The Dashkesan Ore-Dressing Plant OJSC, the shares of which are owned by the state, was included into this complex.