Evraz Plc EVRAZ starts production of head-hardened rails (7770S)
12 November 2013 - 6:35PM
UK Regulatory
TIDMEVR
RNS Number : 7770S
Evraz Plc
12 November 2013
EVRAZ will launch mass production of the first Russian
head-hardened rails
12 November 2013 - The Register of Certification on the Federal
Railway Transport has issued a Compliance Certificate to EVRAZ in
relation to DT-350 R-65 head-hardened rails with a length of up to
100 meters. Thus EVRAZ is the first Company in Russia and CIS to
obtain the approval to start mass production and supply of this
product.
These rails ensure high performance and allow for more efficient
maintenance and repair technologies. The new hardening system
improves durability of the rails substantially and reduces railway
maintenance costs, as well as ensures better safety and speed.
Certification of head-hardened rails manufactured at EVRAZ ZSMK
Rail and Beam Shop was held at the test loop of the Russian Railway
Research Institute. Fatigue and crack resistance laboratory tests
of the rails showed compliance with the best international
practices. These positive lab results have been supported by field
tests.
"Obtaining this certificate is an important milestone for EVRAZ
as well as for all the Russian railway industry, " commented Ilya
Shirokobrod, EVRAZ Vice President and Head of the Railway Products
Division. "We are ready for mass production of this unique product.
This will allow us to satisfy the demand of our key client - the
Russian Railways. Furthermore, we will be able to lay basis for
establishment of a high-speed railway network in Russia. On top of
that, our head-hardened rails have good prospects in terms of
export and will be able to compete with the leading global
manufacturers in the international market."
###
For further information:
Media Relations:
Vsevolod Sementsov
VP, Corporate Communications
London: +44 207 832 8998 Moscow: +7 495 937 6871
media@evraz.com
Investor Relations:
Sergey Belyakov
Director, Investor Relations
London: +44 207 832 8990 Moscow: +7 495 232 1370
ir@evraz.com
EVRAZ is a vertically integrated steel, mining and vanadium
business with operations in the Russian Federation, Ukraine, USA,
Canada, Czech Republic, Italy and South Africa. EVRAZ is among the
top steel producers in the world based on crude steel production of
15.9 million tonnes in 2012. In 2012 EVRAZ sold 15.3 million tonnes
of steel products. A significant portion of the company's internal
consumption of iron ore and coking coal is covered by its mining
operations. The company's consolidated revenues for the year ended
31 December 2012 were US$14,726 million, and consolidated EBITDA
amounted to US$2,012 million. The H1 2013 consolidated revenue was
US$7,362 million and the H1 2013 EBITDA was US$939 million.
This information is provided by RNS
The company news service from the London Stock Exchange
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