ArcelorMittal Kryvy Rih, Ukraine's biggest integrated steel producer, plans to invest more than 2 billion hryvni (about 400 million dollars) in capital construction and equipment updates in 2008, the company said, citing its business plan. In addition to building new facilities, the company plans to continue developing existing ones. The company will continue working on the three-year modernization program for its mining and concentrating division,- with 243 million dollars allocated for new equipment, modernization and expansion. There are plans to replace crushers, install concentration plant equipment that will increase iron recovery, and install two precipitators in the No. 1 sintering division.
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