December 2, 2019

Karelsky Okatysh received high product quality rating by voestalpine

Karelsky Okatysh, the leading plant for the extraction and processing of iron ore in Russia (part of PAO Severstal), has been commended by one of its largest customers – voestalpine AG, which it supplies with fluxed iron ore pellets.

In a letter from voestalpine’s headquarters in Linz, Austria, the leading global technology company said it had evaluated Severstal in accordance with the Quality Management System based on the results of the 2018/2019 financial year. As a supplier, the quality of Severstal’s product received the highest grade “A” rating on a scale from A to D.

In correspondence, representatives from the client specified that Severstal was one of voestalpine’s most valued suppliers. In comparison to the previous assessment, pellets from Kostomuksha further improved in product quality and investment in quality improvement.

Maxim Vorobyev, Director of the branch of Severstal Management in Kostomuksha, CEO of Karelsky Okatysh and Olcon, commented:

"We are very grateful to our client for assessing our work on a global level. This recognition is highly important to the team at Karelsky Okatysh, as it proves that all our efforts to improve our product quality and service are appreciated by our clients. The achieved result is very good, although there is always an area for improvement, and we will strive for maximum excellency."

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In its business segments, voestalpine is a globally leading technology group with a unique combination of materials and processing expertise. voestalpine, which operates globally, has around 500 Group companies and locations in more than 50 countries on all five continents. It has been listed on the Vienna Stock Exchange since 1995. With its top-quality products and system solutions using steel and other metals, it is a leading partner of the automotive and consumer goods industries as well as of the aerospace and oil & gas industries. voestalpine is also the world market leader in complete railway systems as well as in tool steel and special sections. In the business year 2018/19, the Group generated revenue of EUR 13.6 billion, with an operating result (EBITDA) of EUR 1.6 billion; it had just under 52,000 employees worldwide.