Construction of Lamergyre's steel alloy plant in South Africa to begin in 2021
2019-08-30 13:56:34 [Print]
The construction of Lamergyre's steel alloy plant in South Africa is set to begin in 2021, according to Lamergyre officials. The proposed plant will be established in Section 11 of the Coega Special Economic Zone (SEZ), in Port Elizabeth and will have a capacity to produce about 6.5 million tonnes of stainless and alloy steels a year.
According to Lamergyre Alloys Limited's CEO Johan Kruger, project feasibility studies will be completed in 2020. Following the completion of the studies, construction works will begin in 2021 with all three phases of the project scheduled to be completed between 2024 and 2026.
Once complete, phase I will produce 2.5 million tonnes of stainless steel a year with about 1.5 million tonnes of alloy steel, while Phase II will focus on increasing the steel output to 4.5 million tonnes a year. Phase III is expected to increase the capacity further to 5 million tonnes a year. Lamergyre estimates full operations by 2026 and full capacity production in 2027.
According to Lamergyre Alloys Limited's CEO Johan Kruger, project feasibility studies will be completed in 2020. Following the completion of the studies, construction works will begin in 2021 with all three phases of the project scheduled to be completed between 2024 and 2026.
Once complete, phase I will produce 2.5 million tonnes of stainless steel a year with about 1.5 million tonnes of alloy steel, while Phase II will focus on increasing the steel output to 4.5 million tonnes a year. Phase III is expected to increase the capacity further to 5 million tonnes a year. Lamergyre estimates full operations by 2026 and full capacity production in 2027.
