OREANDA-NEWS. June 23, 2008. Rostov Electrometallurgical Plant LLC (REMP, Rostov Region) belonging to ESTAR Holding will complete installation of a rolling mill by the middle of 2009 and will start production of building bars, according to Vadim Varshavski, a co-owner of the holding.

“The expenses for rolling production will be about 1.5 billion rubles more,” – V. Varshavski said.  He specified that as of May 1, 2008 the investments to REMP construction totaled 6.6 billion rubles.

He also said that next September REMP will achieve the design output of melted steel. Currently the facility uses 40% of its design capacity.

In June 2005 ESTAR GROUP started construction of an electrometallurgical plant in Shakhty City, Rostov Region. January 2008 saw the commercial melt. The design capacity of the facility is 730 ths t of melted steel.