 history
Severstal-metiz was founded on 1 July 2004 as the managing company for 3 business units, namely ChSPZ (Cherepovets Steel Drawing Plant), OSPAZ (Orel Steel Drawing Plant) and VolgoMetiz (Volgograd Steel Wire and Rope Plant).
As the result of shareholder meetings a single executive body was created.
In July 2005 the shareholders of ChSPZ and OSPAZ agreed the reorganization of Severstal-metiz.
The Severstal-metiz reorganisation, through the takeover of Cherepovets Steel Drawing Plant and Orel Steel Drawing Plant, together with the procurement of the VolgoMetiz property assets, was formally completed on 1 January 2006.
On 26 May 2006 at the annual shareholder meeting of Severstal-metiz, the resolution to incorporate into an open-type joint stock company was passed. These changes came into effect on 1 July 2006.
During 2006, Severstal-metiz took its first steps to expand its export business, with specific acquisitions in the Ukrainian markets. Severstal-metiz purchased the shares of the Ukrainian business Dneprometiz (17 February 2006).
With effect from July, 30, 2008 the Italian company Redaelli Tecna, producer of high-tech speciality wire ropes and world leaders in the tensostructure solutions market, became part of the Severstal-metiz group.
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