Mechel has been signed a between its Chelyabinsk Metallurgical Plant subsidiary and Russian Railways
Mechel announces that a contract has been signed between its Chelyabinsk Metallurgical Plant (CMP) subsidiary and Russian Railways (RZhD) for the supply of rail products. The agreement is in line with the long-term partnership agreement signed between Mechel and RZhD early this year.
November 13, 2008, Russian Railways President Vladimir Yakunin and Mechel Chief Executive Officer Igor Zyuzin signed the contract for Chelyabinsk Metallurgical Plant to supply rail products to RZhD from 2010 to 2030.
Pursuant to the agreement between RZhD and Mechel signed on February 26, 2008, the total annual supply volume of rail products will be a minimum of 400,000 tn following achievement of the rail and structural steel mill’s full production capacity.
The new products will include high quality railroad rails up to 100 meters in length manufactured with the use of state of the art technologies for steel melting, rolling, tempering, straightening, finishing, and rail quality control. Technical solutions will enable manufacturing rails that surpass their world equivalents in a number of key parameters, which are determined by the climate conditions of the rail service in Russia.
As was announced earlier, Mechel will ensure obtaining the necessary certificates for safe use of the rails in the railway system and performing proving-ground tests. In addition, Mechel will work systematically under programs to enhance rail production technology.
To ensure a smooth production process at Mechel’s subsidiaries, RZhD plans to continuously deliver the rolling stock, including its own rail carrying cars, to be used for shipping finished products.
“Signing the contract to supply rail product to RZhD is the next step in implementing our long-term partnership program. To ensure its successful implementation of the program, Mechel collaborates with one of the world leaders – Danieli, Italian manufacturer of equipment, and Minmetals, China’s state-owned industrial corporation. In collaboration with these companies, Mechel is constructing a rail and structural steel mill at its Chelyabinsk Metallurgical Plant subsidiary and implementing unique technology, unparalleled in Russia, to produce high quality rails that conform to the most stringent requirements set by RZhD. Mechel plans to invest more than $500 mln in the new production development,” Mechel Chief Executive Officer Igor Zyuzin commented.
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