print version 

Find company
Home About the ProjectContact usFor the Clients
Enter code or ISIN
 
alpha / industry search

Issuers' Corner
Press Releases
Annual Reports Library

Financial Statements
SEC & FFMS Filings
Corporate Presentations
GM Materials
Issues Documents
Corporate Governance Materials
Russian Company Guide
Company Profiles
Corporate Calendar
Markets Corner
Consensus Estimates
Media Corner
News Line


Get updates



Home  Issuers' Corner  Press Releases REGISTER LOG IN

Press Releases

company search
all press releases
all Severstal press releases

Severstal

June 7, 2002

Severstal is visited by a group of officials from Romania

The delegation from Romania included Rusu Liviu Oktavian, the mayor of Ayud, and Vzlyan Gligor, member of the city government, deputy general director of Metalurgica.
   During their visit to Severstal the Romanians will meet with Anantoly Kruchinin, executive director of Severstal, and hold negotiations dealing in particular with further equipment purchases.
   Cherepovets Steel Mill has had a relationship with Romania for years. In particularly, Severstal cooperated with Metalexportimport trading company, through which it purchased equipment for converter, cold rolling shop, and sheet rolling plants #1 and #2. This equipment was produced by five Romanian machine-building and steel-making companies. Severstal annually signs contracts with Romanian partners for the total value of US $ 2 million.
   The Romanian producers of equipment include the steel mill Metalurgica, which produces highly durable rollers for roll-tables of sheet rolling mills. In the last three years Severstal has been a priority customer for Metallurgica, which in turn has taken place of several small suppliers of Severstal in the CIS, particularly in Kazakhstan. Metallurgica is able to provide better value for money. This and the fact that it uses the most advanced technology accounts for a 30% share of the overall contracts value with Romania, which Severstal signs for with Metallurgica.
   Metallurgica and Severstal are key companies for their respective cities, which explains why representatives of legislative and executive bodies of the government of the city of Ayud are interested in strengthening ties with Cherepovets and increasing sales to Severstal.

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G H I K L M N O P R S T U V W X Z


Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer