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Evraz, Praxair Sign Contract for Supply of Gases to NTMK

01/13/2011 - Evraz Group and Praxair subsidiary Praxair Rus have signed a long-term contract for supply of oxygen, nitrogen and argon to NTMK, Evraz’s steel mill in the Urals, Russia.

Evraz Group and Praxair subsidiary Praxair Rus have signed a long-term contract for supply of oxygen, nitrogen and argon to NTMK, Evraz’s steel mill in the Urals, Russia.
 
Under the contract, Praxair Rus will build new energy-efficient air separation plants on the NTMK site and will supply NTMK with more than 3000 tonnes of industrial gases per day. The new plants will replace older air separation plants and produce liquid products for the local market, and will help the facility increase its energy efficiency by more than 30%.
 
“Optimization and efficiency improvement are among Evraz’s priorities,” said Dmitry Sotnikov, Evraz’s Vice President and Head of the Urals Division. “Cooperation with Praxair will allow Evraz to focus on its core business and will enhance the reliability of industrial gas supplies to NTMK.”
 
“Praxair is pleased to be selected by Evraz to be part of their program to modernize and expand its facility in Nizhny Tagil,” said Todd Skare, president of Praxair Europe. “Outsourcing of the gas supply allows Evraz to focus on their core skills of steel making while gaining operational reliability and savings over the life of the facility.”
 
The new air separation plants are scheduled to start up in late 2013
 
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium business with operations in the Russian Federation, Ukraine, Europe, U.S., 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 nine months ended 30 September 2010 were US$9,729 million and consolidated adjusted EBITDA amounted to US$1,766 million. NTMK, a division of the EVRAZ Group, is a leading global steel company with its main steel production facilities in Russia
 
Praxair is one of the largest industrial gases companies in North and South America, is also one of the largest worldwide, with 2009 sales of $9 billion. The company produces, sells and distributes atmospheric, process and specialty gases, and high-performance surface coatings.