Russia's MMK Plans to Increase Investments in Turkish Unit
Posted on November 15, 2012 at 01:34 AM EST
ISTANBUL--November 15, 2012--Researched by Industrial Info Resources (Sugar Land, Texas)--Russian steelmaker Magnitogorskiy Metallurgicheskiy Kombinat (MMK) (Moscow, Russia) will invest an additional $100 million in its Turkish plant to boost efficiency and take advantage of a market recovery. "The investment will begin from 2013," MMK Metalurji CEO Vitaly Galkin said.