Evraz to supply Brazil with rails, shipment planned for February
MOSCOW. Jan 29 (Interfax) - Evraz plc has signed two contracts to supply Brazil with over 4,000 tonnes of rails, the company said in a statement.
"For the first time the company will ship to Latin America rails produced at its West-Siberian Steel Plant (Evraz ZSMK)," the statement says.
"Evraz ZSMK will ship to TIISA Construction Company four thousand tonnes of 60E1-compliant rails. Head-hardened, with improved wear- and contact fatigue resistance, these rails will be laid into a 30-kilometers' track to connect the largest Latin American pulp mill to the network of Brazil's key railway operator, ALL (Latin American Logistics)," it says.
"The other contract, for three hundred tonnes of head-hardened 60E2 rails, was signed with BR RAILPARTS. This lot will be utilized to fit out the turnout switches in a new railway constructed by the Brazilian Government. Evraz scheduled first rail shipments to its Brazilian customers for February, 2015. In the end of January, the representatives of Latin American companies visited Evraz ZSMK to audit production and verify product quality," Evraz said.
"Evraz has an annual rail production capacity of two million tonnes. The company is the leader in Russia, CIS and North America and is currently working on expanding its exports. Apart from Latin America, the Company is eyeing the markets of the Middle East, Southeast Asia and Europe," the company said.
Evraz is a major vertically integrated metallurgical and mining company with assets in Russia, the U.S., Italy, South Africa, and Ukraine. Roman Abramovich and group founder Alexander Abramov are the main beneficiaries.