Al-Tuwairqi Group concludes contract for HDRI MIDREX® Plant 1.28 million tpy of new capacity to be located in Karachi
Last Update: 16/05/2006 14:14:49
Al-Tuwairqi Group, Dammam, Kingdom of Saudi Arabia, has announced that it has signed a contract with Midrex Technologies Inc. to build a new MIDREX® MEGAMOD® Hot Direct Reduced Iron (HDRI)/Hot Briquetted Iron (HBI)/Cold Direct Reduced Iron (CDRI) Plant in Karachi, Pakistan. The new DR plant capacity will be rated at 1.28 million tonnes per year and initial production will be 100% CDRI. The plant will be configured to allow the possible addition of briquette machines in the future to produce Hot Briquetted Iron (HBI). The facility will employ many of Midrex’s latest innovations to minimize energy consumption and control product quality. According to Al-Tuwairqi the MIDREX® Process was selected because of its documented proven reliability, ability to consistently produce high quality DRI, HBI and HDRI, and because of the company’s consistent history of fast start up periods. The new plant will be operated by Tuwairqi Steel Mill, a member of the Al-Tuwairqi Group. Al-Tuwairqi acquired two MIDREX DR Plants in Mobile, Alabama from Corus Group Plc. in December 2004. The two plants each have a production capacity of 400,000 metric tons per year. Last year Al-Tuwairqi signed a licensing agreement to operate one of these Midrex modules. That plant will be known as Direct Reduction Iron Factory and is currently being renovated and rebuilt adjacent to Al-Tuwairqi’s Al-Ittefaq Steel Factory in Dammam. No plans have been announced for the 2nd module at this time. The 400,000 Modules will have a new rated capacity of 500,000 each through equipment replacement and new process engineering advancements. Al-Tuwairqi's steel plant produces steel bar from billets produced in their new melt shop which began operations in 2004. The new DR plants will enable the Al-Tuwairqi Group to better manage raw material costs and ensure a supply of iron units for their existing facilities in Dammam as well as planned future operations.
World - Worldsteel: Pig iron production rose 5.8% last year Russia - Russian Steel members increased output in 2013 Russia - Evraz output grows marginally, despite stoppages China - Chinese analysts divided on outlook for 2014 STEELWORLD - Indo – Arab Steel Summit / 3rd March, 2014 / Sheraton Deira Hotel, Dubai China - China pledges to 'gradually ease' its steel overcapacity Turkey - Offer from SteelOrbis EU - Irepas talks up long product prospects for 2014 Qatar - Qatar tops ranking of steel use per person Brazil - Brazil processor Armco invests $100 million in new plant
Saudi Arabia - Al-Tuwairqi (Saudi Arabia) implements investment projects Saudi Arabia - Tuwairqi Steel aims to start production by Q4 in Pakistan Saudi Arabia - Al Tuwairqi Group: Increasing Sales to more than one million tons within 8 months Saudi Arabia - Announcement of Establishing A Joint Arab Iron and Steel Company Lebanon - Al-Tuwairqi Group plans new rebar plant in Lebanon with 500000 tons Saudi Arabia - $533m total cost of the new four steel works Pakistan - Al-Tuwairqi Group concludes contract for HDRI MIDREX® Plant 1.28 million tpy of new capacity to be located in Karachi UAE - Al-Tuwairqi Group to Invest $820 Million in UAE Pakistan - Al-Tuwairqi Group sets up $200 million steel mills project in Pakistan