GENERAL INFORMATION

BODIES OF COMPANY

PRESS-CENTRE

CONTACTS

news

03 December 2007

ArcelorMittal and Severstal-metiz announce the agreed sale to Severstal-metiz of ArcelorMittal’s 50% interest in the enterprise produced metal cord ТrefilArbed Rus

ArcelorMittal and Severstal-metiz today announced that they have agreed on the sale of ArcelorMittal Wire Solutions’ 50% stake in steelcord producer TrefilArbed Rus to Severstal-metiz.

The joint venture was established in 2005 when ArcelorMittal Wire Solutions joined Severstal-metiz to develop TA Rus on the Russian steelcord market, giving their JV access to specific technologies provided by ArcelorMittal Wire Solutions. This agreement will allow both companies to focus on their current wire strategies.
Severstal-metiz aims to develop high value-added products for key Russian and CIS domestic markets. ArcelorMittal Wire Solutions’ main growth area in Steelcord is Asia.

TA Rus is located at Severstal-metiz’ Orel site. It will change its name to Orelcord. Its revenues totalled 842,5 million rubles, or about 31 million US dollars, in 2006. In 2006, the company obtained the ISO 9001 quality management certification.

print version   |   contents   |   top

before

03 December 2007 EBITDA for the first 9 months of 2007, for the “Severstal-metiz” Group of Companies, show a 15% increase on the same period last year, up from 47 million US dollars to 54 million US dollars The sales volumes for the 9 month period in 2007 were 796.1Kt, down from 816.4 Kt for the same period... more... 29 November 2007 Today during the visit of the Senior Governor for Industry Jury Korostelkin discussed the forecast of metalware manufacture development with the managing director of the Orel plant “Severstal-metiz” Sergey Tatenko During the meeting Sergey Tatenko told Jury Korostelkin about the overall results of Severstal-metiz’... more... 08 November 2007 The European commission has revised the amount of the antidumping fee on ropes for "Severstal-metiz" A revised anti-dumping fee of 9.7% on exports into Europe for steel ropes and cables produced by JSC... more...

search