NEW BRAZILIAN ROD MILL SUPPLIED BY MORGAN CONSTRUCTION
Design Provides for Future Expansion
Worcester, Mass., USA, 14 February, 2008

Morgan Construction Company has won the contract to supply a single strand wire rod mill for Votorantim Metais in Resende, Rio de Janeiro, Brazil.

The project design allows for future expansion to two strands for rod production of up to one million tonnes per year. The mill will roll plain rod from 5.5mm to 24mm and HYQST rebar from 6.35mm to 16mm. Rolling speed for the 5.5mm rod will be guaranteed at 105 meters per second. Initial furnace capacity should produce 120 tonnes per hour, rising to 180 tonnes per hour when the second strand is built.

“This mill incorporates the highest level of technology to achieve the greatest mill efficiency,” says Ricardo Cruz, project manager. “It will enable Votorantim Metais to grow and maintain a competitive position in the marketplace.”

Morgan’s scope of supply includes hot and cold billet charging equipment, a 28-stand mill comprised of a roughing, and intermediate mill, a pre-finishing mill of three “vee” style mini blocks, a 10 stand No Twist® Mill, side shifting water boxes, four intelligent pinch rolls, a laying head, Stelmor® conveyor, a reforming station with ring distributor, vertical pallet system with a transfer car onto horizontal hook system, compactor and unloading station.

Morgan will supervise the mill commissioning, expected to be in the second quarter of 2009.

Morgan Construction Company is a designer and producer of high-quality rolling mill products and services for the metal industry worldwide.

Questions or comments can be e-mailed to: sales@morganco.com

Siemens Corporation, a subsidiary of Siemens AG (NYSE: SI) and Morgan Construction Company entered into an agreement on December 21, 2007, under which Siemens will acquire 100% of the shares of Morgan Construction Company. The transaction is expected to be completed during the second quarter of 2008.