Evraz modernises rail mill at NKMK, Russia

 

TIDMEVR 
 
RNS Number : 1459V 
Evraz Group S.A. 
28 October 2010 
 

         Evraz Completes First Stage of Rail Mill Modernisation at NKMK 
 
28 October 2010 - Evraz Group S.A. (LSE: EVR) ("Evraz") has completed the first 
stage of the rail mill modernisation at NKMK, one of Evraz's Russian steel 
plants located in Novokuznetsk, Siberia, with a capacity of 750,000 tonnes of 
rails per annum. 
 
Installation of state of the art equipment will ensure premium quality of rails 
and satisfy requirements of the most advanced Russian and European standards for 
rail geometry and steel purity. Due to their enhanced quality characteristics, 
these rails can be used in high speed transportation, and can be sold at a 
premium compared to standard rails. 
 
The investment under the first stage of the NKMK rail mill modernisation was 44 
million euros. Completion of the second stage is scheduled for 2012. Once the 
modernisation is complete, NKMK will launch the production of 100-metre rails 
for high-speed transportation - a unique premium product. 
 
Evraz is the world's largest rail producer, and the only producer of rails in 
Russia. Evraz operates two rail mills in Russia (NKMK, and NTMK in Nizhy Tagil, 
Ural Region) and one mill in the USA (Rocky Mountain, Colorado). Evraz's total 
rail mill capacity is more than 1.6 million tonnes per annum, including more 
than 1.1 million tonnes of rails in Russia. 
 
Commenting, Alexander Frolov, Evraz Group's CEO, said, "Modernisation of Evraz's 
rail production in Russia, in particular at NKMK, strengthens our position as a 
world leading rail producer. We are aware of the growing demand for higher 
quality and longer rails in our key markets and interest for such rails from our 
major customer in Russia, OAO RZhD - Russian Railways, and invest in modernising 
our production capacities in order to meet this demand." 
 
                                      ### 
 
For further information: 
 
Media contact: 
Alex Agoureev 
 VP, Public Relations 
+7 985 
122 4822 
[e-mail] 
 
Investor contact: 
 Alexander Boreyko 
 Director, Investor Relations 
 +7 
495 232 1370 
[e-mail] 
 
 
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium 
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada 
and South Africa. The Company was ranked the 14th largest steel producer in the 
world based on crude steel production of 15.3 million tonnes in 2009. Evraz's 
internal consumption of iron ore and coking coal is covered by its mining 
operations. Evraz's consolidated revenues for the six months ended 30 June 2010 
were US$6,379 million and consolidated adjusted EBITDA amounted to US$1,554 
million. 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCPGGPUUUPUUQR