OREANDA-NEWS. The “Koks” group of companies, which is a part of limited liability company “Promyshlenno-metallurgicheskiy holding”, has purchased the controlling interest (55%) of Slovenska Industria Jekla (Slovenian Steel Group) at the privatization tender in Slovenia.

According to the press-service of “Promyshlenno-metallurgicheskiy holding’s” management company, Slovenian Steel Group (SSG) consists of seven companies, among which Acroni (the producer of the flat section) and Metal Ravne (the producer of the profiled iron) are the dominant ones.

The other companies deal with the production of the industrial knives and plates. At the end of 2006 2.5 thousand people have been working at the SSG.
The total volume of the group’s gain made up more than 600 billion euro in 2006.

In 2006 the enterprises of the group produced almost 500 thousand tons of steel. 30% of the productions were sold at the home market, and 70% were exported (mainly to the Western Europe and the U.S.A.). 80% of the shares belonged to the government of Slovenia that privatized the SSG.

One of the plants, which belong to the steel group, is Acroni – the first-rate steel producer in Slovenia. The electroarc kiln with 85 tons per hour capacity produces the fluid steel. The scrap metal is the main raw material. It produces hot-rolled and cold-rolled flat section. It specializes in the high-limits production, such as stainless steel, electrical steel and other kinds of steel of special purpose.

Metal Ravne is the producer of rolled metal, which specializes in tool steel, quick-cutting steel, and in other special kinds of steel. The fluid steel is produced in the electroarc kiln UHP 40. The scrap metal is the main raw material.

The purpose of limited liability company “Promyshlenno-metallurgicheskiy holding’s” purchasing of Slovenian plants is the achievement of synergy effect. The fact, that the main part of the nickel, vanadium, ferromolybdenum, cast irons, and chrome used by SSG, is produced at Promyshlenno-metallurgicheskiy holding’s enterprises. Besides, the purchasing of this asset forms the basic part of Promyshlenno-metallurgicheskiy holding’s strategy of its production’s limits level. The total sum the deal’s liability made up about 300 million euro.