Mechel, Kyrgyz Temir Zholy to expand cooperation

MOSCOW, Dec 15 (PRIME) -- Mechel-Steel, a subsidiary of Russian metals and mining company Mechel, and Kyrgyzstan’s state railway company Kyrgyz Temir Zholu have signed a letter of intent to expand cooperation, Mechel said in a statement on Friday.

The letter stipulates that the companies will develop system-wide cooperation aimed at exchanges of information on products, and on supplies of rolled metal products, including wide-track rails, the company said.

“We are interested in developing partner ties and expanding the market for our rails. We sincerely hope that signing this protocol of intent will start a long-term and mutually beneficial cooperation with Kyrgyz Temir Zholu,” the company said quoting Mechel-Steel’s CEO Andrei Ponomaryov.

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