Industry Update
ANDRITZ supply cut-to-length line to Olympic Steel , USA
This plant will be the first urea fertilizer production facility in Angola . The plant will contribute to achieving 100 % domestic production of urea fertilizer , while also supporting regional exports to enhance food security . Toyo ’ s scope in the project includes licensing , basic design , supply of proprietary equipment and technical services . The EPC of the entire fertilizer complex , including ammonia production and auxiliary facilities ( OSBL ), will be handled by Wuhuan Engineering .
S . Korea invests in materials technologies
ANDRITZ has received an order from Olympic Steel , Inc . to supply an innovative cut-to-length line for its facility in Minneapolis , Minnesota , USA . The new line will enhance the company ’ s production capabilities and efficiency . Commissioning is scheduled for Q4 of 2025 . The cut-to-length line has a coil capacity of 0.135 ” × 60 ” wide × 60,000 lbs and operates at 300 feet per minute . It can handle yield strengths up to 80,000 PSI and process cold-rolled , pickled and oiled , stainless , and coated materials . Key features of the new line include a heavy-duty precision leveller designed for increased separating loads , a split leveller drive system ensuring greater levelling performance and a high-performance roll feed system offering high accuracy and repeatability .
Toyo contract for Angola ’ s urea plant
Toyo Engineering Corp . has been awarded a project to license its proprietary urea technology to Amufert S . A .. The project involves the construction of one of the world ’ s major urea plants , with a daily production capacity of 4,000 tons , located in the Soyo region of Zaire Province .
South Korea ’ s Ministry of Trade , Industry and Energy will invest won 1.18 trillion ( USD 809.3M ) to develop advanced technologies for materials and parts , a move aimed at enhancing the global competitiveness of major industries , such as semiconductors , rechargeable batteries and biopharmaceuticals . The ministry will also invest won 62.8bn and won 20bn in developing materials and parts to promote the aerospace and hydrogen industries , respectively . The budget for research and development ( R & D ) projects will be expanded by 71.3 % on-year to won 131.2bn this year to stabilise the supply chain of materials , parts and equipment . The ministry will also spend won 302.7bn to facilitate private investment in technology development projects . Meanwhile , South Korea exported a record USD 14.9bn worth of products from its free trade zones ( FTZs ) last year on strong global demand for automobiles , ships and semiconductors .
46 Stainless Steel World April 2025 www . stainless-steel-world . net