EVRAZ starts production of head-hardened rails

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."

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For further information:

Media Relations:

Vsevolod Sementsov

VP, Corporate Communications

London: [phone]          Moscow: [phone]

[e-mail]

Investor Relations:

Sergey Belyakov

Director, Investor Relations

London: [phone]          Moscow: [phone]

[e-mail]

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.

 

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