Victor Yushchenko has visited the Nyzhnyodniprovsky Tube Rolling Plant in Dnipropetrovsk to attend a presentation of a USD 410 mln project to build an electric steel smelting complex, which will replace its outdated open-hearth furnace, according to the President`s press-office.

Dnipropetrovsk Governor Nadiya Deyeva described the project as an “example of successful dialogue between government and business.” The complex is environmentally safe and energy efficient and will produce its first metal in May 2008. It will also help create 500 new jobs.

The President then visited the wheel rolling department of the plant. Its head, Evhen Kopayev, told him the NTRP was Ukraine’s only and the world’s third largest manufacturer of railroad wheels, producing 240 kinds of wheels for different trains. The annual output of the plant is 210,000 tons of high-quality steel. It exports its products to 26 countries, among them the United States of America, Germany, Austria, Australia, Russia, and Iran.