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Mechel First among Russian Hardware Producers
12/22/2009 - Mechel OAO cites a report from Prommetiz, a Russian association of hardware producers, that states in October and November 2009 the two plants of Mechel’s steel division became the leaders in hardware production among member companies of the association.
Mechel OAO cites a recent report released by Prommetiz, a Russian association of hardware producers, that states in October and November 2009 the two plants of Mechel’s steel division became the leaders in hardware production among companies that are members of the association.
In October and November, Beloretsk Metallurgical Plant ОАО (BMK OAO) produced about 63,000 tonnes and Vyartsilya Metal Products Plant ZAO (VMZ ZAO) produced more than 18,000 tonnes of hardware.
“This fact once again shows that our steel plants development strategy based on technical modernization and mastering new products, which are in high demand on the market, is correct,” said Vladimir Polin, Mechel’s Senior Vice-President.
“Even in the hardest crisis months of 2009 our Beloretsk Metallurgical Plant continued developing new types of products,” Polin continued. “Thus, in this April BMK OAO commissioned production of steel ropes with plastically drafted strands. In 2008, VMZ ZAO started demonstrating record results in production. The plant is still following this high standard.”
Polin noted that at the end of 2008 and in 2009 the company improved its sales structures and, in particular, strengthened its Mechel Service retail sales and service network.
“Good sales performance and an efficient cost-reduction program resulted in recovery of our steel plants’ production capacity utilization up to the pre-crisis levels, as they were provided with orders and had competitive cost price,” Polin said. “Fast recovery of our steel plants’ production capacity utilization allowed us to gain the leading positions in production of high margin commercial products including hardware.”
Mechel’s business includes four segments: mining, steel, ferroalloy, and power. The company unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power. Its products are marketed domestically and internationally.
