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Cuba’s Acinox to install new equipment with loan from Russia

Wednesday, 10 February 2016 22:21:32 (GMT+3)   |   Sao Paulo
       
Cuba’s Antillana de Acero, which is part of local group Acinox, is expected to install a new set of equipment after receiving a loan from Russia to increase productivity.

The mill will install a ladle furnace for its meltshop, a cooling tower for its continuous casting machine, as well as 140 mt crane. The company also expects to modernize its 220-volt electricity substation. It’s not clear, however, when the new equipment should be installed.

As previously reported by SteelOrbis, Cuba’s Antillana de Acero signed a deal to receive
a $100 million loan from Russia to modernize its steel mill.