MECHEL HAS ATTENDED METAL-EXPO’ 2016 INDUSTRIAL EXHIBITION
Moscow, Russia – November 11, 2016 – Mechel PAO (MICEX: MTLR, NYSE: MTL), one of
the leading Russian mining and metals companies, reports its participation in
the 22nd International Industrial Exhibition Metal-Expo, which was held at the
All-Russia Exhibition Center in Moscow on November 8-11, 2016.
Within the expo’s framework, representatives of the Group’s steel division
enterprises held a series of important meetings with potential clients,
including Chinese and European companies. “Mechel Group’s booth became one of
the most visited and lively negotiation areas,” Mechel-Steel Management Company
OOO’s Chief Executive Officer Andrey Ponomarev noted. “This year we saw a great
influx of visitors and increased interest toward our steel companies’ products.
Over these four days we managed to reach dozens of new agreements, strengthen
and expand longstanding partnerships.”
Over 500 companies from 32 countries took part in the expo. The exhibition
welcomed over 30,000 visitors from construction, engineering, fuel and energy,
transport, logistics and steel trade industries.
Mechel’s corporate booth showcased the products of Chelyabinsk Metallurgical
Plant, Urals Stampings Plant, Beloretsk Metallurgical Plant, Izhstal and
Vyartsilya Metal Products Plant. Over the four days of the exhibition, some 30
employees of Mechel’s steel division (Mechel Steel Management Company OOO) and
service and sales company Mechel Service OOO worked at the booth. Guests were
offered full information about various kinds of the Group’s products.
As part of the exhibition, enterprises that upgraded their facilities, developed
and mastered new technologies, equipment and products, were awarded. Chelyabinsk
Metallurgical Plant won a gold medal for mastering production of hot-rolled
rolls from alloys and specialty steels. The medal-winning products are used in
aviation and space industry.
One of Beloretsk Metallurgical Plant’s novelties — steel zinc-plated 4-mm wire
ropes for use in the steering control system of civilian and military
helicopters — earned the exposition’s gold medal. The plant’s wire ropes are
different from those produced earlier by the type of lay of strands and the
diameter of wires within. Those give the new ropes additional endurance, which
extends their life by several times, while their extra firmness increases the
accuracy of steering the helicopter’s control rotor.
Also, as part of the Best Corporate Media in the Steelmaking Industry of Russia
and the CIS 2016 contest, the Group’s magazine Our Mechel won the Best Corporate
Magazine nomination. Beloretsk Metallurgical Plant’s corporate newspaper
Metallurgist, which celebrates its 50th anniversary this year, won the Best
Steelmaking and Hardware Plants Media nomination.
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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
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Mechel is an international mining and steel company which employs 66,000 people.
Its products are marketed in Europe, Asia, North and South America, Africa.
Mechel unites producers of coal, iron ore concentrate, steel, rolled products,
ferroalloys, heat and electric power. All of its enterprises work in a single
production chain, from raw materials to high value-added products.
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Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you to
the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
“Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in our
Form 20-F, that could cause the actual results to differ materially from those
contained in our projections or forward-looking statements, including, among
others, the achievement of anticipated levels of profitability, growth, cost and
synergy of our recent acquisitions, the impact of competitive pricing, the
ability to obtain necessary regulatory approvals and licenses, the impact of
developments in the Russian economic, political and legal environment,
volatility in stock markets or in the price of our shares or ADRs, financial
risk management and the impact of general business and global economic
conditions.