Slab Caster at ZapSib CommissionedNovokuznetsk, November 16, 2005 — Evraz Group S.A. (LSE: EVR), one of the leading vertically integrated steel production and mining businesses with operations mainly in Russia, today announces the commissioning of a double-strand slab continuous caster with annual capacity of up to 2.5 million tonnes at OAO West Siberian Iron and Steel Plant (ZapSib).
This investment is in line with Evraz Group's strategy to enhance margins through an improved product mix and an expanded position as a competitive exporter of semi-finished products.
The new slab caster complies with industry technical and efficiency criteria and meets environmental standards with automated processes leading to reduced waste and emissions.
Commenting, Alexander Abramov, Evraz Group Chairman and CEO, said, «Commissioning of the new continuous caster at ZapSib is a demonstration of the Company's stated strategy to become one of the most efficient steel making groups in the world. On behalf of the management team, I would like to thank all those who contributed to the project's success».
For further information:
Corporate Affairs and Investor Relations
Tel: +7 095 232 1370
Tel: +44 207 653 6620