Mechel Subsidiary Launches Screening Complex at Coal Terminal in India
03/26/2014 - Mechel OAO, a Russian mining and metals company, reports that its subsidiary Mechel Somani Carbon Private Limited launched a screening facility at coal terminal in Vishakhapatnam on India's east coast.
This will greatly expand Mechel's capacity for marketing coal on the promising Indian market.
Mechel Somani Carbon Private Limited's screening facility on the basis of the coal terminal enables the company to sort anthracites supplied by Mechel's mining enterprises. Its chief consumers are small and medium-sized businesses. The screening facility's project capacity is set at up to 250,000 metric tons a year.
Mechel gradually increases sales of its coal in India. In 2014, the joint venture plans to market a total of 250,000 metric tons of anthracites, which will make up 20% of India's anthracite market.
"The Indian market, where demand for coal continues to grow, is of strategic interest to us. As of now, India annually buys 110 million metric tons of steam coal and 40 million metric tons of coking coal. Experts estimate that by 2020 India will be importing up to 120 million metric tons of coking coal of various grades. Considering the favorable forecasts for the future, Mechel's efforts are aimed not only at building up stable ties directly with all kinds of clients, but also at setting up necessary infrastructure," Mechel Mining Management Company OOO's chief executive officer Pavel Shtark noted.
Mechel Somani Carbon Private Limited is a joint venture set up by Mechel Carbon in partnership with Somani Group in 2011. Mechel Carbon owns 51% shares in the venture. The company is tasked with distributing metallurgical coal on the Indian market.
Somani Group is focused on growth in core sectors of Indian economy such as Steel, Coal, Power, Engineering and Education. Somani Group has long standing joint ventures with world known companies.
Mechel is an international mining and steel company which employs over 80,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
Mechel Somani Carbon Private Limited's screening facility on the basis of the coal terminal enables the company to sort anthracites supplied by Mechel's mining enterprises. Its chief consumers are small and medium-sized businesses. The screening facility's project capacity is set at up to 250,000 metric tons a year.
Mechel gradually increases sales of its coal in India. In 2014, the joint venture plans to market a total of 250,000 metric tons of anthracites, which will make up 20% of India's anthracite market.
"The Indian market, where demand for coal continues to grow, is of strategic interest to us. As of now, India annually buys 110 million metric tons of steam coal and 40 million metric tons of coking coal. Experts estimate that by 2020 India will be importing up to 120 million metric tons of coking coal of various grades. Considering the favorable forecasts for the future, Mechel's efforts are aimed not only at building up stable ties directly with all kinds of clients, but also at setting up necessary infrastructure," Mechel Mining Management Company OOO's chief executive officer Pavel Shtark noted.
Mechel Somani Carbon Private Limited is a joint venture set up by Mechel Carbon in partnership with Somani Group in 2011. Mechel Carbon owns 51% shares in the venture. The company is tasked with distributing metallurgical coal on the Indian market.
Somani Group is focused on growth in core sectors of Indian economy such as Steel, Coal, Power, Engineering and Education. Somani Group has long standing joint ventures with world known companies.
Mechel is an international mining and steel company which employs over 80,000 people. Its products are marketed in Europe, Asia, North and South America, Africa. Mechel unites producers of coal, iron ore concentrate, steel, rolled products, ferroalloys, heat and electric power. All of its enterprises work in a single production chain, from raw materials to high value-added products.
