Investors Welcomed at Izhora Pipe Mill
Representatives of major international investment funds have visited
Izhora Pipe Mill, which is part of
Severstal Russian Steel Division.
Among the foreign guests who have visited the facility which supplies
large-diameter pipes to leading oil and gas projects, were representatives of
East Capital, a Swedish fund ranking among the top foreign investors in Russian
shares, and GIC, Singapore’s major investment fund.
"This time, we welcome representatives of investment funds managing hundreds
of billions of dollars worldwide, - said Nikolai Skorokhvatov, CEO,
Izhora Pipe Mill. - These are analysts from steel industry who advise in what
securities to invest, and portfolio managers directly responsible for fund
management, which is very important to us."
Attention to Izhora Pipe Mill is encouraged by the favorable logistics of
the mill as well as by its involvement in major oil and gas projects. For
example, for OAO Gazprom the Mill has supplied over 1.5 mln. tonnes of
large-diameter pipes since 2006.
Izhora Pipe Mill manufactures downstream high value added products which are
a tangible share of Saint Petersburg's industrial production.
According to Vladimir Zaluzhsky, Head of Investor Relations at OAO
Severstal, "it is particularly important now to explain to our investors how we
maintain high growth rates. In the investment community there is a very
significant interest to our facilities, which means that Severstal is viewed as
the entity with a high potential".
That was the second investors’ visit to Izhora Pipe Mill during 2012. The
first visit took place in April this year, rallying around two dozens of
analysts and investors. Investor visits to other Severstal assets are currently