Source Pravda.Ru

Magnitogorsk Iron and Steel Works posts investment figures

The total volume of investments of the Magnitogorsk Iron and Steel Works in production development will be $193.818m in 2003, including $24m in loans, the press service of the company reported.

In 2004, investments are planed to be $287.107m, including $50.2m in loans. This year some $152m will be invested in the repair and modernization of production facilities.

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