CEO: Severstal Kanaty rope maker to start exports - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

CEO: Severstal Kanaty rope maker to start exports

VOLGOGRAD, Apr 4 (PRIME) -- Volgograd-based Severstal Kanaty (Severstal Ropes), an affiliate of steel maker Severstal, has completed an upgrade and plans to set foot on foreign markets, CEO of parent unit Severstal-metiz Sergei Kovryakov told reporters on Thursday.

УWe can raise the volume, but the Russian market does not grow that much. We plan to set foot on other markets, the European, Asian markets,Ф Kovryakov said.

УWe plan to expand by up to 500 tonnes a month but the project is aimed to a larger degree at replacement of ropes made in the old way.Ф

He also said that the company plans to invest about 200 million rubles in further development in 2019.

(65.1639 rubles Ц U.S. $1)

End

04.04.2019 18:08
 
 
Share |
To report an error select text and press Ctrl+Enter
 
 
Central Bank Official Rate
1W 1M 1Y
USD
EUR 70.6546 -0.1395 23 jul
USD 62.9776 +0.1110 23 jul
Stock Market Indices
1D 1W 1M 1Y
MICEX
rtsi 1341.17 -0.70 18:50 22 jul
micex 2684.25 -0.60 18:50 22 jul
Stock Quotes in RUR
1D 1W 1M 1Y
GAZP
gazp 217.12 +0.52 18:48 22 jul
lkoh 5165.50 -0.67 18:48 22 jul
rosn 420.45 0.00 18:49 22 jul
sber 230.35 -1.07 18:49 22 jul
MICEX Ruble Trading
1D 1W 1M 1Y
USDTD
EURTD 70.6000 -0.1475 14:59 22 jul
USDTD 63.0500 +0.0750 17:44 22 jul