The FINANCIAL — Spanish steel maker Celsa Atlantic, a Celsa Group Company, has awarded a $5 million contract for a second compactor and coil handling extension to Siemens VAI in order to increase productivity and improve product quality.
This represents the expansion of an existing system, and Celsa Atlantic expects delivery in the first quarter of 2009. Celsa Group is ranked tenth in the world among steel long products producers.
The coil handling extension includes a combination vertical and horizontal system and a second compactor and provides increased on line coil storage as well as an increase in surge capacity. The greater cooling times will enable Celsa Atlantic to produce higher quality products, such as thermomechanically treated ribbed rebar for concrete reinforcement at its plant in La Coruña, Spain. The contract with Morgan Construction, the U.S. based specialist of Siemens VAI for high speed wire rod mills, also includes a reloading station that can route coils back into the system for offline processing.
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