EVR Evraz Plc

 

TIDMEVR 
 
RNS Number : 2561X 
Evraz Group S.A. 
02 December 2010 
 

 Evraz Launches Construction of Rolling Mills in Southern Russia and Kazakhstan 
 
 
2 December 2010 - Evraz Group (LSE: EVR) ("Evraz" or the "Group") announces that 
its Board of Directors has approved investment in both the Yuzhny Rolling Mill 
in the Rostov Region of Southern Russia and the Kostanay Rolling Mill in 
Kazakhstan. 
 
The Yuzhny Mill will be constructed in the Rostov Region near the port 
Ust-Donetsk. It is expected to be commissioned in the middle of 2013 and will 
have a production capacity of approximately 450,000 tonnes of light sections per 
annum, including 315,000 tonnes of rebar and 135,000 tonnes of angles and 
channels. The total cost of the project is estimated to be approximately US$158 
million. 
 
Yuzhny Mill will provide Evraz with a presence in the fast-growing area of 
Southern Russia and is expected to be supplied by the billets from Evraz's 
Ukrainian steel plant, DMZ. 
 
Construction of the Kostanay Mill in Kazakhstan will provide Evraz with exposure 
to the local rebar market which has high growth potential. Evraz will own a 65% 
stake in the project. Its local partner will be Caspian Group. 
 
Evraz has already obtained the necessary anti-monopoly and construction permits 
for the implementation of Kostanay project. The plant is expected to be launched 
in mid-2013. Production capacity is forecast to be approximately 450,000 tonnes 
of rebar per annum. Evraz's Siberian plants ZSMK and NKMK will supply billets to 
this mill. The total investment in the project is expected to be approximately 
US$131 million. 
 
Both of these projects are aligned with the Group's strategy of shifting from 
the production of semi-finished to finished products and of vertical integration 
in the steel value chain. 
 
 
 
                                      ### 
 
For further information: 
 
Media contact: 
Alex Agoureev 
 VP, Public Relations 
+7 985 
122 4822 
media@evraz.com 
 
Investor contact: 
 Alexander Boreyko 
 Director, Investor Relations 
 +7 
495 232 1370 
ir@evraz.com 
 
 
Evraz Group S.A. is a large vertically-integrated steel, mining and vanadium 
business with operations in the Russian Federation, Ukraine, Europe, USA, Canada 
and South Africa. The Company was ranked the 14th largest steel producer in the 
world based on crude steel production of 15.3 million tonnes in 2009. Evraz's 
internal consumption of iron ore and coking coal is covered by its mining 
operations. Evraz's consolidated revenues for the nine months ended 30 September 
2010 were US$9,729 million and consolidated adjusted EBITDA amounted to US$1,766 
million. 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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