Industry and Energy

Home page

Industry and Energy

DTH Metal to invest $200 million in Azerbaijan:

02 August 2010 13:51 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. Turkeyâ€™s DTH Metal plans to make $200 million additional investment in Azerbaijan. The facility will have capacity of 450,000 tonnes a year, according to Dagistan Turanli, chairman of DTH Metals parent company DTH Holding.

APA-Economics reports quoting BNE portal (www.businessneweurope.eu) as saying that DHT Metal will utilize the scrap iron of oil-drilling platforms and underwater connections of the Caspian Sea in its new arc furnace.

The facility will re-regulate the chemical structures of nonfunctional scrap iron brought out the Caspian Sea and covert it to steel products. In this way, we will end the iron pollution in the Caspian Sea and produce qualified construction iron.

DTH has been an investor in Azerbaijan since 1996.