Evraz

Published : December 20th, 2013

has launched its rolling mill in Kostanay

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Keywords :   Growth | Italy | Kazakhstan | London | Market | Water |

EVRAZ has launched its rolling mill in Kostanay

EVRAZ plc (LSE: EVR) (�EVRAZ� or the “Company”) announces completion of construction and launch of its light-section rolling mill in Kostanay (the “Mill”), Kazakhstan. The investment project has been implemented by TOO Evraz Caspian Steel, a joint venture between EVRAZ (65%) and Kazakhstani company Caspian Group (35%).� 

The construction of the plant, which has a planned production capacity of 450 thousand tonnes of rebar per annum, took two and a half years, with a project spend amounting to US$131 million. Billets are supplied by EVRAZ ZSMK, products include rebar of various length with diameter from 10 to 40 mm and unique EVRAZ rebar A500(SP) that allows to save up to 25% of metal during construction works. Products from the mill will be delivered to the Kazakhstan market which has been demonstrating steady growth in the past few years - as well as to other countries in Central Asia.

The Mill is constructed according to a cutting edge design plan which utilises state of the art equipment and technology. General supplier of equipment is Siemens SPA (Italy). Special attention was paid to environmental issues; for example, care has been taken that any negative effect on local water bodies is prevented.

"Together with our partners we have constructed a modern mill to produce high-margin products in strong demand in Central Asian markets. Among the advantages of the new rolling mill is its technological link with EVRAZ ZSMK," noted EVRAZ CEO Alexander Frolov.

###

For further information please contact:
Media contact:
Vsevolod Sementsov
Vice President, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com

Investor contact:
Sergey Belyakov
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
.
Data and Statistics for these countries : Italy | Kazakhstan | All
Gold and Silver Prices for these countries : Italy | Kazakhstan | All

Evraz

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CODE : EVGPY
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Evraz is a tungsten producing company based in Luxembourg.

Its main exploration property is PINE CREEK MINE in USA.

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Financials of Evraz
8/29/2013ANNOUNCES UNAUDITED INTERIM FINANCIAL RESULTS FOR H1 2013
Project news of Evraz
12/20/2013has launched its rolling mill in Kostanay
10/15/2013enters agreement to sell Gramoteinskaya thermal coal mine
10/14/2013Suspends Operations at Claymont Mill
4/18/2013Q1 2013 Production Report and Interim Management Statement
Corporate news of Evraz
12/27/2013optimises Evrazruda’s assets
12/26/2013products to Europe
11/20/2013signs Memorandum of Understanding to sell ore business in Kh...
9/19/2013signs an agreement to sell the iron ore mining asset VGOK
9/16/2013announces disposal of a heat and power generating station in...
7/30/2013Suspends Operations at EVRAZ Palini e Bertoli in Italy
7/9/2013Statement re. press speculation concerning EVRAZ Highveld St...
6/13/2013Results of the Annual General Meeting
4/24/2013Prepays US$950 Million Structured Credit Facility Due 2015
1/18/2013News
10/4/2012News
5/17/2012News
4/20/2012News
9/6/2011News
4/28/2011News
4/21/2011News
4/15/2011News
4/14/2011News
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