MMK | 04 July 2009 г. | 11:00

MMK signed a number of contracts and loan agreements for the delivery of equipment and services and financing of MMK's modernization projects

MMK signed a number of contracts and loan agreements for the delivery of equipment and services and financing of MMK's modernization projects
As part of the 2,500 mm Rolling Mill Revamping Project OJSC MMK signed a contract for the delivery of equipment and erection supervision services with ALTA, a.s.(Czech Republic) ("ALTA"), and a contract with PSG International a.s (Czech Republic) ("PSG International") for construction and erection services.

Besides, as part of a project to build a continuous slab caster (№6) and a secondary steel treatment unit in the Company's BOF Shop MMK signed a contract with PSG International. To finance these projects MMK and the Czech Export Bank executed loan agreements for a total amount of $ 155.5 mln.

The documents were signed by Victor Rashnikov, President of the MMK Managing Company, Vladimir Plašil, Chairman of ALTA's Board of Directors, Yuraj Surovi

Source: Metal Supply and Sales
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