PAO Severstal (MICEX-RTS: CHMF; LSE: SVST), one of the world’s leading vertically integrated steel and steel-related mining companies, announces that its Austrian subsidiary Severstal-Trade Gmbh has entered into a definitive agreement to sell Dneprometiz to a German private company. Dneprometiz is the Ukrainian enterprise managed by Severstal-metiz, a group of companies which unites Severstal metalware assets. The sale of Dneprometiz will lead to further efficiency increase at Severstal-metiz and will also allow Severstal to further enhance its profitability. Severstal has...
Category: СOMPANY NEWS
The Severstal-metiz group of companies (enters into JSC Severstal) declares allocation of the rope assets in JSC Redaelli SSM since October 1, 2014. The new company includes the Volgograd branch and the rope direction of commercial management of JSC Severstal-metiz, and also a service and distributor network of JSC Teci Rus. The head office of the company is in Cherepovets, branches – in Volgograd and Moscow. Reorganization of rope assets of the company will strengthen its position in the market...
The Severstal-metiz group of companies (enters into JSC Severstal) declares allocation of the rope business in JSC Redaelli SSM. The new company will include the Volgograd branch of Severstal-metiz group and JSC Teci-Rus. The reorganization purpose — strengthening of positions in the market of special ropes and concentration of production and administrative resources on development of the certain direction. This step is logical continuation of specialization of the rope direction (acquisition of the Volgograd rope assets in 2004, Redaelli Tecna...
Abinsky ElectroMetallurgical Plant (Krasnodar region) plans to start two more stages of production (the third and the fourth). The General Director of the plant, the deputy of the State Duma, Ivan Demchenko told about it during a meeting with the governor of Kuban Alexander Tkachyov. Mr. Demchenko told that thanks to region support the plant received 75 hectares of the territory under construction. At present a half is used only. The third stage, according opinion of Mr.Demchenko, will give the...
Investments of Byelorussian Steel Works in basic capital were 68 million Euro for January-March 2014 (including ~61 million Euro investment in modernization) From the beginning of 2014 several key modernization projects have been finished: reconstruction of the arc furnace №1, continuous billet casting machine №2, dust and gas catchers №1 and the construction of a new lime kiln plant №3 (LKP-3). All these facilities allow the company to increase production, improve product quality, making the production more effective and economical. At present...