17 Aug 2010 17:21

MMK, ChTPZ sign scientific-technical partnership agreement

MOSCOW. Aug 17 (Interfax) - Magnitogorsk Iron & Steel Works (MMK) and Chelyabinsk Pipe Rolling Plant (ChTPZ) , part of ChTPZ Group, have signed an agreement on scientific and technical cooperation, a ChTPZ statement says.

The companies plan to coordinate efforts in research and development during the implementation of projects involving the production of heavy plate (Mill 5000) and large-diameter pipe (Vysota 239).

The companies will focus efforts on the development of new kinds of pipe product made at Vysota 239, new alloys and materials with special Mill 5000 Western mechanical characteristics.

"This new agreement will make it possible to better understand the particulars of production and requirements of metal roll for modern trunk pipelines and to work in the lead," MMK's acting director Yury Bodyayev said at the signing.

ChTPZ and MMK signed an agreement earlier concerning shipments of sheet roll from Mill 5000 to fill the needs of the Vysota 239 shop for large-diameter pipe. The agreement is good until 2015.

Vysota 239 is the first so-called "white metallurgy" project in Russia, which combines production culture, high-quality product, qualified workers, and environmental safety.

MMK is one of Russia's largest metal product producers, whose main beneficiary is Viktor Rashnikov (controlling 86.6% of the company stock).

ChTPZ Group unites companies specializing in the ferrous metallurgy sector. It consists of the Chelyabinsk and Pervouralsk pipe mills as well as ChTPZ-Meta, a company specializing in scrap metal collection and processing; metal trading company Uraltrubostal Trading House; and oil industry services provider Rimera. Arkley Capital S.a r.l., Luxembourg, manages ChTPZ Group's assets.