EVRAZ announces organisational changes

EVRAZ announced organisational and management changes effective November 2014.

Pavel Tatyanin will take over as the new CFO while EVRAZ’s North American and South African businesses will continue to report to him.

EVRAZ sells 34% stake in EHSV

EVRAZ has signed an agreement to sell 34% of the issued share capital of EVRAZ Highveld Steel and Vanadium (EHSV) held by EVRAZ to Macrovest 147 Proprietary Limited (Macrovest) for approx.

EVRAZ Caspian Steel launches mass production

newsitemEVRAZ started mass production at its EVRAZ Caspian Steel rolling mill in Kostanay, Kazakhstan. The first lot of rebar from the new mill has been already delivered to customers.

Private investors buy EVRAZ Vitkovice Steel

EVRAZ closed the sale of its wholly owned subsidiary, EVRAZ Vitkovice Steel (EVS), to a group of private investors – Martinley Holdings, Nabara Holdings, Vitect Services, Hayston Investments and Dawnaly Investments – with each buying 20% of EVS for a gross consideration of USD 89M adjustable for the actual level of EVS working capital.

EVRAZ launches rolling mill in Kostanay

EVRAZ completed the construction and launch of its light-section rolling mill in Kostanay, Kazakhstan. The investment project has been implemented by TOO Evraz Caspian Steel, a joint venture between EVRAZ (65%) and Kazakhstani company Caspian Group (35%).

EVRAZ North America appoints new EVP

Jerry Reed will take charge as EVRAZ North America’s new executive vice president – Long Products, the position formerly held by president and CEO Conrad Winkler.

Reed originally joined EVRAZ in early 2011 as the senior vice president – Business Development for North America.

EVRAZ Highveld, Arkein join hands

newsitemEVRAZ confirmed that EVRAZ Highveld Steel and Vanadium (EVRAZ Highveld) — EVRAZ’s South African subsidiary — and Arkein International (Arkein) have signed an agreement to establish a joint venture, Nyanza Light Metals (Nyanza).