Smart Ventures acquires Smart Steel Process patent holder

Metal Stocks  |  2011-06-10 09:28:43   |   By

Smart Ventures Inc. will acquire 100 % of the shares of Metal Assets S.A., Panama which has the rights to the patents on Invention Steel Melting Shop, Useful Model Steel Melting Shop, Invention Metallurgical Complex and the Smart Steel Process (SSP) technology

CALGARY (Scrap Monster): Smart Ventures Inc. will acquire 100 % of the shares of Metal Assets S.A., Panama which has the rights to the patents on Invention Steel Melting Shop, Useful Model Steel Melting Shop, Invention Metallurgical Complex and the Smart Steel Process (SSP) technology.

Metal Assets S.A. owns majority shares of steel rolling plant “AV-Steel â„–1”, Surovikino, Russian Federation with the production capacity of 150,000 metric tons per year.

The unique technology allows for production of construction steel bars from scrap metal bypassing the processing of the intermediate raw material i.e. slabs or billets, thus saving time in production and making the plant more economical.

The design of the plant also allows less space and economical production. Since steel production occurs by utilizing scrap available near the production area and the end product to be used in nearby areas, this production further contributes to clean air by saving on trucking and other logistics.

Smart Ventures Inc. is dedicated to the field of steel technology utilizing recently acquired and patented Smart Steel® Process Technology. This state-of-the-art technology is a marriage between an innovative technological solution and unique marketing concept. Advantages over standard mills include shorter period of mill construction, lower cost of construction, high labor capacity, and a compact arrangement.