27 Dec 2011 16:21

Evraz pumps 14.5 bln rubles in Urals assets in 2011

MOSCOW. Dec 27 (Interfax) - Evraz Group invested around 14.5 billion rubles in modernisation and maintenance at its Urals region assets in 2011, the group's regional corporate relations center said.

Nizhny Tagil Iron & Steel Works , for example, started to develop 27 new rail transport products, the center said.

Mining enterprises Vysokogorsky GOK and Kachkanarsky GOK raised productivity by acquiring new equipment.

Evraz is one of the world's largest vertically integrated metallurgical and mining companies, comprising enterprises in Russia, the U.S., Canada, Italy, the Czech Republic and South Africa.