Company Ust-Luga OJSC and United Metallurgical Company (OMK) have signed an investment contract for construction of a complex for transshipment general cargo in Ust-Luga seaport. The new complex will be able to handle 2 million tonnes of cargo per year. Supposed investment into construction is to make some RUR 3 billion.
The decision to build new terminal was taken by United Metallurgical Company in order to expand the geography of the company’s sales and to decrease delivery costs.
Ust-Luga Company OJSC was founded in 1992. It is the customer-developer of the sea trade port of Ust-Luga (Ust-Luga Bay in the Gulf of Finland). Construction of the sea trade port of Ust-Luga is carried out within the framework of federal special-purpose program for Modernization of Russia’s Transport System at the basis of state-and-private partnership. The port is to service growing volumes of Russia’s foreign trade. The capacity of this multi-purpose port is up to 170 million tonnes of cargo per year. By 2010, the port’s throughput is to reach 50 million tonnes.
United Metallurgical Company (OMK) is one of the major domestic companies that produce equipment for power, transport and industrial enterprises. OMK comprises five large metallurgical plants: Vyksa Steel Works (Nizhniy Novgorod Region), Almetyevsk Pipe Plant (Republic of Tatarstan), Chusovoy Steel Works and Gubakha Coke (Perm Region), and Shchelkovo Steel Works (Moscow Region).