NWR begins trial operations at new coke battery
Wednesday, October 13th, 2010
New World Resources N.V. (“NWR” or the “Company”), Central Europe’s leading hard coal and coke producer, announces today that its wholly-owned Czech subsidiary OKK Koksovny a.s., (“OKK”), Europe’s largest producer of foundry coke, has commenced trial operations for its newly built coke battery at the Svoboda Coking Plant in Ostrava, the Czech Republic.
The new battery, which is scheduled to become fully operational in Q1 2011, is a key part of the COP 2010 capital investment programme, allowing OKK to consolidate all coke production at a single, more efficient coking plant. As part of the EUR 63 million investment in COP 2010, construction of the new battery commenced in mid-2008. New technologies installed in the battery enable it to meet the most stringent European Union environmental standards and legislation.
Ján Fabián, Chief Operating Officer of NWR, said:
“The launch of the new battery will allow us to shift all our coke production to a single operation and to further increase OKK’s efficiency. The long-term prospects in our region for the coke market are good and we are now better able to provide deliveries to our customers from new plants equipped with state-of-the-art technology.”
Michal Kuča, Chief Executive Officer of OKK, said:
“Today we are launching trial operations of the new battery, with full placement into operation scheduled for the beginning of 2011. The trials will include a series of prescribed measurements required prior to the start of full operation.”
The construction of the new still-type battery with compacted charging and 56 chambers took place while the coking plant was in full operation. After completion it will be possible to definitively terminate production at the Šverma Coking Plant, which has reached the end of its operational life. Following the transfer of production to the Svoboda Coking Plant, OKK’s total annual production capacity will be 850kt of blast furnace and foundry coke.