News
16.04.2008
Severstal and Rostekhnadzor to Make Production Safer and Cleaner
OAO Severstal (“Severstal”) and Rostekhnadzor (the Federal Service for Ecological, Technological and Nuclear Supervision) have signed an agreement of cooperation.
Severstal and Rostekhnadzor’s shared expertise will vastly improve industrial and environmental safety across Severstal’s businesses – from mining to processing.
Severstal and Rostekhnadzor have agreed to cooperate in risk assessment and management in the course of operating potentially hazardous production facilities, as well as in improving industrial safety management systems. The agreement will lead to the introduction of advanced production control practices, the development of more efficient forms of government supervision over industrial and environmental safety.
Severstal Chief Executive Alexey Mordashov said: “I am pleased to announce this cooperation. At Severstal health, safety and the environment are amongst of our core priorities. We aspire to eliminate any harm to people or to the environment at all stages of our operations: from coal mining and extraction of raw materials, iron and steel smelting and up to manufacture of final high-tech metallurgical products. We also have a strong track record in environmental protection at each of our facilities which is improving year by year.”
About Severstal
OAO Severstal is an international metals and mining company with a listing on the Russian Trading System and the London Stock Exchange. Incorporated in 1993, the company focuses on high value added and unique niche products and has a successful track record of acquiring and integrating high-quality assets in North America and Europe. Severstal owns mining assets in Russia, thus securing its supplies of raw materials. In 2007, Severstal produced 17.5 million tons of steel. Revenues were $15.2 billion and EBITDA was $3.7 billion. EPS was $1.92.
Additional information
Severstal
Dmitry Druzhinin, Investor Relations
Olga Antonova, Public Relations
+7 495 540 7766
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