OREANDA-NEWS. The investment program of CHTPZ group for the period from 2007 to 2011 will make $1,5 billion.

According to AK&M, General Director of the company Vitaly Sadykov noted that it is supposed to spend 40% from this sum in 2007, besides $500 million will be directed on construction of new shop on production of the large-diameter pipes by capacities of OJSC “Chelyabinsk pipe-rolling plant", a part of CHTPZ, for the period from 2007 to 2009.

According to Sadykov, investments into "the steel project" of OJSC “Pervouralski Novotrubni Plant" (PNTZ) during the period from 2006 to 2008 will make $150 million.

The general director also said that these actions implemented at the enterprises of the group can allow to increase sales in 1,5 times - up to 2,5 million tons of pipes by 2011.