EVRAZ signed a 5-year contract with “Uralwagonzavod” on a supply of metal products

The contract considers the mutual obligations on the purchase of metal roll of railroad wheels within the period from 2012 to 2017. Owing to cooperation there will set a fair price mechanism between EVRAZ and Uralwagonzavod (UVZ), which formula will be attached to market ratios. “EVRAZ is about to expand practice on partnership relations construction via long-term contracts. A serious step is a conclusion of a 5-year agreement with “Uralwagonzavod”, EVRAZ’s vice-president, head of “Zheleznodorozhny prokat” Division I.Shirokobrod said. “EVRAZ” is among the world’s leaders on railroad mill products output and we are confident that the goods of EVRAZ will be able to meet the requirements of our partner.” “Two largest entities of Nizhny Tagil signed an agreement on strategic partnership, which guarantees success and prosperity both for the city and the region, as well as for the sector too. It will become a basis for an updating and development of production. We focus on each other and we are confident in joint success”, a deputy CEO of Uralwagonzavod A.Shlensky said.

http://rosinvest.com/novosti/959699

translated by Iraida Idiyatova