24.6.2008
Last June the integration of Vítkovice Steel into Evraz Group was completed, and the company took the name EVRAZ VÍTKOVICE STEEL. This week the company management and staff have commemorated the first anniversary with the new name.
"The change of the name of the company was another step in the process of integration of our company into the group of our owner, the major mining and steel business, Evraz Group," says Ing. Vladimír Bail, Ph.D., chairman of the board of directors. "From a production point of view, our integration into Evraz Group has brought about an entirely positive effect. The Group considerably benefits from synergic effects, which has significantly strengthened and enhanced the position of our company on the market."
Evraz Group is one of the leading vertically integrated steel and mining businesses in the world. The year 2007 was very successful for the rebranded Evraz Vítkovice Steel and its parent company, Evraz Group. Their revenues were up by 54.5 % in 2007, with a net profit of $2,144 million.
EVRAZ VITKOVICE STEEL concentrates on the production of steel and steel products - heavy plates, heavy and medium sections, and flame-cut shapes from heavy plates. The company aims to continue increasing the sales of its products with high added value, such as deliveries of plates for pipelines. Thanks to the important support of the Evraz Group and its strong position on the Russian steel market the company has also successfully entered the Russian market of the pipeline industry. In the sphere of plates EVRAZ VITKOVICE STEEL is the main European manufacturer and the dominant manufacturer in the Czech Republic. The most important product of Heavy section rolling mill is sheet piles which represents a 65 % share of the mill's production. The company is the sole manufacturer of this product on the domestic market and holds a 90% market share.
Evraz Group S.A. is one of the largest vertically-integrated steel and mining businesses. In 2007, Evraz Group produced 16.4 million tonnes of crude steel. Evraz Group's principal assets include three of the leading steel plants in Russia: Nizhny Tagil (NTMK) in the Urals region and West Siberian (Zapsib) and Novokuznetsk (NKMK) in Siberia, as well as Palini e Bertoli in Italy, Evraz Vitkovice Steel in the Czech Republic, Evraz Oregon Steel Mills and Claymont Steel in the USA. Its fast-growing mining businesses comprise Evrazruda, the Kachkanarsky (KGOK) and Vysokogorsky (VGOK) iron ore mining complexes, Yuzhkuzbassugol company and an equity interest in the Raspadskaya coal company. The mining assets enable Evraz Group to be a vertically-integrated steel producer. Evraz Group also owns and operates the Nakhodka commercial sea port, in the Far East of Russia. Evraz vanadium operations comprise Strategic Minerals Corporation, USA, and Highveld Steel and Vanadium Corporation, South Africa.
For further information visit http://www.evraz.com
