Beloretsk

EQS-News: PJSC Mechel : MECHEL LAUNCHES NEW WIRE-DRAWING EQUIPMENT

Retrieved on: 
Monday, July 18, 2022
Republic, NYSE, MTL, MOEX, Dust, Welding, Beloretsk, Drawing, Drawing (manufacturing)

The equipment worth over 500 million rubles has been acquired as part of the upgrade program for the plants wire and cable facility.

Key Points: 
  • The equipment worth over 500 million rubles has been acquired as part of the upgrade program for the plants wire and cable facility.
  • The plant has installed a total of 12 new high-performance benches.
  • The Republic of Bashkortostans Prime Minister Andrei Nazarov, Mechel PAOs Chief Executive Officer Oleg Korzhov and other top officials took part in the launch ceremony.
  • The new benches will produce spring and welding wire, as well as wire for prestressing strands and regular wire.

EQS-News: PJSC Mechel : Mechel's Beloretsk Metallurgical Plant Repaid Loan to Russia's Industrial Development Fund

Retrieved on: 
Wednesday, August 4, 2021
Beloretsk, Mechel, Companies

Beloretsk, Russia - August 04, 2021 - Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, reports that Mechel Group's Beloretsk Metallurgical Plant has discharged all obligations to Russia's Industrial Development Fund in regards to a target loan for production of multi-strand wire ropes.

Key Points: 
  • Beloretsk, Russia - August 04, 2021 - Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, reports that Mechel Group's Beloretsk Metallurgical Plant has discharged all obligations to Russia's Industrial Development Fund in regards to a target loan for production of multi-strand wire ropes.
  • Beloretsk Metallurgical Plant received the 255.3-million-ruble loan in 2016 for five years.
  • The plant used the Industrial Development Fund's loan to acquire new rope production and polymer coating lines.
  • "We have fully met all the obligations we assumed regarding the target loan and we are grateful to the Industrial Development Fund that provided financing for Beloretsk Metallurgical Plant's promising import-substituting project.

EQS-News: PJSC Mechel : Mechel Launches First Stage of New Wiredrawing Equipment at Beloretsk Metallurgical Plant

Retrieved on: 
Tuesday, June 22, 2021
Beloretsk, Mechel, Companies

Beloretsk, Russia - June 21, 2021 - Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the launch of four wiredrawing benches at Beloretsk Metallurgical Plant, for output of import-substituting wire.

Key Points: 
  • Beloretsk, Russia - June 21, 2021 - Mechel PAO (NYSE: MTL, MOEX: MTLR), a leading Russian mining and metals company, announces the launch of four wiredrawing benches at Beloretsk Metallurgical Plant, for output of import-substituting wire.
  • The equipment worth 220 million rubles has been acquired as part of the project of revamping Beloretsk Metallurgical Plant's wire and rope facilities.
  • Beloretsk Metallurgical Plant began implementing the investment project upgrading the plant's wire and rope facilities in 2016.
  • This will enable Beloretsk Metallurgical Plant to reach a new level of product quality and ecological safety," Mechel PAO's Chief Executive Officer Oleg Korzhov commented.