Moscow, Russia – February 15, 2018 – Mechel PAO (MOEX: MTLR; NYSE: MTL), one of the leading Russian mining and metals companies, reports signing a roadmap agreement for developing cooperation between Mechel PAO’s Udmurt-based facilities and the Udmurt Republic’s government.

The Udmurt Republic’s Head Alexander Brechalov and Chairman of Mechel PAO’s Board of Directors Igor Zyuzin signed the agreement on the sidelines of the Russian Investment Forum Sochi 2018.
In accordance with the signed document, Udmurt authorities will help promote by legal means Izhstal PAO’s steel products on the Udmurt market, taking into account the advantages of the plant as a reliable supplier compliant with international quality standards, as well as help the plant develop partnership ties with leading industrial producers both in Russia and abroad.
The signatories also recognize the enormous potential of Mechel Group’s Port Kambarka as part of a municipal transport and logistics center which was presented at the Udmurt Republic’s booth during the forum. Creating such a major logistics facility will jump-start the development of cargo shipping by inland river transport on the intra-regional level. Mechel is willing to provide its storages, infrastructure and port transshipment facilities for this project’s implementation.
According to the roadmap, one promising cooperation avenue would be granting Port Kambarka AO a subsoil license for a sand-and-gravel deposit with a high gravel content. This will enable the port to expand its client base with companies producing construction materials.
“The Sochi investment forum is one of Russia’s key communication opportunities for business meetings and exchanging useful experience, promoting major investment projects and boosting the Russian economy’s competitive advantages. I think that signing the roadmap and presenting the Kambarka river port at the Udmurt Republic’s booth will help us find new partners and increase the load of the company’s production facilities,” Chairman of Mechel PAO’s Board of Directors Igor Zyuzin noted.
 

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Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com