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 S.p.A acquisition. in 2008, implementation of the large-scale North-South project, allocation of functions of sales and development of the rope direction of the company, creation of group of engineering in 2012).
Anatoly Frishman who was earlier directing the rope direction to JSC Severstal-metiz becomes the director of JSC Redaelli SSM. It is planned that the allocated company will begin operating activities in October of the current year.
— Allocation of rope business will allow us to be focused on further development of hi-tech special ropes, based on a successful business model of the Italian company “Redaelli Tecna” — Alexander Shevelev, the director general of “Severstal-metiz” makes comments.