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voestalpine signs contract 易游体育app官网 Siemens and Midrex for Direct Reduction Plant
July 5, 2013
A consortium consisting of our U.S. group company, Midrex Technologies, Inc., and Siemens Industry Inc. signed a contract 易游体育app官网 the voestalpine Group to build a MIDREX® Direct Reduction Plant for voestapl易游体育app官网e 易游体育app官网 the United States.
The order ties in 易游体育app官网 Kobe Steel's Fiscal 2013-2015 Medium-Term Business Plan announced in May, 易游体育app官网 one aspect of the plan being to secure sales volume in growth sectors and regions. A concrete measure for the Engineering Business is to strengthen the competitiveness of the MIDREX® Process and maximize orders 易游体育app官网 this area.
易游体育app官网e MIDREX® Process is gaining att易游体育app官网tion among steelmakers due to the shale-gas revolution in the United States. Natural gas prices have come down, making direct reduced iron production viable in North America, and Midrex Technologies has be易游体育app官网 receiving numerous inquiries.
Approaching its 30th anniversary this year as a group company of Kobe Steel, Midrex Technologies plays a major role in the global develop易游体育app官网t of the direct reduced iron business. The Kobe Steel Group aims to steadily pursue business opportunities and secure orders in this field, as it works toward achieving the profit goals set forth in the Medium-Term Business Plan.
Please click below to view the news release issued by Midrex on the voestalp易游体育app官网e order.
