He Steel Group Chairman Yu Yong on Saturday expressed hope that the Smederevo steel mill will maximise its output capacity by the end of 2017, making it around 2 million tons of steel.
A He Steel Group team is planned to take over at the steel mill by the end of June and work on strategic planning until the end of this year, with new production slated to start in 2017, he said.
We believe that reviving the Smederevo steel mill does not only require capital, but new technologies and new equipment as well, and we will introduce new business and production models at the steel mill, Yong told the RTS.
The steel mill has great prospects for development, and having quality workforce and good cooperation with the Serbian government is the most important, he said.
He Steel is quite familiar with the problems facing the steel mill, which it will resolve in the second half of the year, and its key task is to improve the technology of the production process to enable the steel mill to keep up with the European steel industry, he said.
Source; SerbGov
