OREANDA-NEWS.  OMK plans to invest, in the following four years, about $2 billion and launch several new unique metallurgical facilities meant to ensure the Company's raw materials security and create conditions for the manufacture of high quality produce according to technological standards of the 21st century.

According to the press service of OMK, on November 13 President of United Metallurgical Company (OMK) Vladimir Markin said about this making his report at the 2006 Russian Metal Market conference, which traditionally inaugurates the Metal Expo exhibition week held in Moscow.

Mr. Markin emphasized that OMK aspires to become the most efficient manufacturer of the Russian metallurgical industry to be able to compete in international markets with the best pipe producers.