Mechel to Demonstrate Rails and Wagonbuilding Products at Leading Transport Fair InnoTrans 2018
September 11 2018 - 7:30AM
Mechel PAO (NYSE: MTL, MOEX: MTLR), one of the leading
Russian mining and metals companies, reports its participation in
the leading international trade fair for transport technology,
InnoTrans 2018.
The fair will be held on September 18-21 in
Berlin, Germany. At InnoTrans, Mechel will present products made at
Chelyabinsk Metallurgical Plant’s universal rolling mill —
differentially heat-treated and non-heat-treated rails up to 100
meters in length.
By now, the plant has mastered production of all
key rail types according to both European and Russian standards,
has been awarded all appropriate certificates of compliance, while
its quality management system has been certified as compliant with
ISO 9001:2008.
Mechel will also present products for
wagonbuilding, produced by Urals Stampings Plant and much in market
demand.
InnoTrans is the world’s leading trade fair of
transport technology and transport systems, held in Berlin once
every two years, and a traditional ground for global premieres in
the railway industry. At the fair, visitors can get acquainted with
railway technology and infrastructure, public transport and
construction equipment.
“We see expanding into new markets for our rails
both in Europe and other countries as a key task for us. We have
received all necessary certificates of compliance with European
standards, we have all required skills to manufacture these
products, and we think that we can prove a good competitor to
international rail producers. All are welcome to visit our booth,”
Mechel-Steel Management Company’s Chief Executive Officer Andrey
Ponomarev commented.
Mechel PAOEkaterina VidemanTel: + 7 495 221 88
88ekaterina.videman@mechel.com
Mechel is an international mining and steel
company. 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.
Some of the information in this press release
may contain projections or other forward-looking statements
regarding future events or the future financial performance of
Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to
caution you that these statements are only predictions and that
actual events or results may differ materially. We do not intend to
update these statements. We refer you to the documents Mechel files
from time to time with the U.S. Securities and Exchange Commission,
including our Form 20-F. These documents contain and identify
important factors, including those contained in the section
captioned “Risk Factors” and “Cautionary Note Regarding
Forward-Looking Statements” in our Form 20-F, that could cause the
actual results to differ materially from those contained in our
projections or forward-looking statements, including, among others,
the achievement of anticipated levels of profitability, growth,
cost and synergy of our recent acquisitions, the impact of
competitive pricing, the ability to obtain necessary regulatory
approvals and licenses, the impact of developments in the Russian
economic, political and legal environment, volatility in stock
markets or in the price of our shares or ADRs, financial risk
management and the impact of general business and global economic
conditions.
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