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TAT METAL orders a full CMI technologies Continuous Hot-Dip Galvanizing Line

Posted On: 2016-09-19 21:10:39

After having doubled their overall rolling, tempering and pickling capacity since 2011, Tat Metal, one of Turkey's leading flat steel producers, has chosen CMI Industry Metals to supply their new state-of-the-art hot-dip galvanizing line. The new line will allow the customer to increase their galvanizing capacity, in order to cater for a growing domestic steel market, and also to allow for increased exports to neighboring countries and Europe. The produced hot-dip galvanized steel is destined to manufacture roll-formed shapes, steel structures for construction and components for automotive and "white goods".

In order to support Tat Metal in their capacity expansion plans, CMI will supply a line, designed to galvanize 400,000 tons per year of steel strip, that will be installed in the customer's steel works in Eregli, Turkey. CMI will be in charge of the complete design of the line, manufacture, supervision of erection and commissioning, as well as the coordination of all key subcontractors.

The line, aiming at a high level of operating efficiency and eco-friendliness, features all essential, high-quality core process technologies designed by CMI: Cleaning section, Vertical annealing furnace (incl. CMI's L-Top math model and Blowstab® jet cooling system), AirKnife system and Zinc bath equipment, APC Blowstab® low vibration cooling system, Inline skin pass mill and Tension leveler, Chemical roll-coat post treatment, Exit shear, etc.

The line is designed for strips with thicknesses ranging between 0.25 and 3.00 millimeters and widths of up to 1,300 millimeters. The strip will be galvanized at a process speed of 200 m/min, while in the entry and exit sections will be with speeds of up to 270 m/min.

The project is scheduled to be completed in a record-breaking time frame by the end of 2017.

Shares of CMI FPE LTD. was last trading in BSE at Rs.394 as compared to the previous close of Rs. 372.9. The total number of shares traded during the day was 3996 in over 109 trades.

The stock hit an intraday high of Rs. 398.7 and intraday low of 380.05. The net turnover during the day was Rs. 1561392.

Source: Equity Bulls

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