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Evraz Progresses with Rail Mill Modernization at NKMK
10/29/2010 - Evraz Group S.A. has completed the first stage of the rail mill modernization at NKMK, one of Evraz’s Russian steel plants located in Novokuznetsk, Siberia, with a capacity of 750,000 tonnes of rails per annum.
Evraz Group S.A. has completed the first stage of the rail mill modernization at NKMK, one of Evraz’s Russian steel plants located in Novokuznetsk, Siberia, with a capacity of 750,000 tonnes of rails per annum.
The company expects the installation of state-of-the-art equipment to ensure premium quality of rails and to satisfy requirements of the most advanced Russian and European standards for rail geometry and steel purity.
The investment under the first stage of the NKMK rail mill modernization was €44 million. Completion of the second stage is scheduled for 2012. Once the modernization is complete, NKMK will launch the production of 100-meter rails for high-speed transportation.
Alexander Frolov, Evraz Group’s CEO, said, “Modernization of Evraz’s rail production in Russia, in particular at NKMK, strengthens our position as a world-leading rail producer. We are aware of the growing demand for higher quality and longer rails in our key markets and interest for such rails from our major customer in Russia, OAO RZhD – Russian Railways, and invest in modernizing our production capacities in order to meet this demand.”
Evraz is the world’s largest rail producer, and the only producer of rails in Russia. The company operates two rail mills in Russia (NKMK and NTMK in Nizhy Tagil, Ural Region) and one mill in the U.S. (Colorado). Its total rail mill capacity is more than 1.6 million tonnes per annum, including more than 1.1 million tonnes of rails in Russia.
