Mechel Buys 150 New Railcars to Transport Coal
18 Décembre 2018 - 1:00PM
Mechel PAO (MOEX: MTLR, NYSE:
MTL), one of the leading Russian mining and metals
companies, reports acquiring some 150 railcars in November-December
for a total of 467 million rubles as part of the transport fleet
upgrade program.
Most gondola railcars were produced by
Altaivagon OJSC and RM Rail Ruzhimmash and both bought to own and
leased.
Currently Mechel Group’s transport operator
Mecheltrans OOO manages approximately 11,000 train vehicle units.
In 2019 the company plans to acquire some 1,000 new gondola
cars.
“Over the past four years, some 150,000 gondola
cars were scrapped in the Russian market due to expired life, which
is practically a quarter of the entire fleet volume. The shortage
in all-purpose vehicle transport segment is still being felt. As
such, in order to improve the situation with transporting Mechel
Group’s coal products we intend to dramatically expand our fleet.
We are currently in active talks with wagonbuilders and leasing
companies,” Mecheltrans Management OOO’s Chief Executive Officer
Alexey Lebedev said.
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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