EquityStory.RS, LLC-News: PJSC Mechel / Key word(s): Miscellaneous
PJSC Mechel: Mechel Service Provides Steel Rolls for Construction of
Coronavirus Medical Centers
2020-04-03 / 13:00 MSK
The issuer is solely responsible for the content of this announcement.
MECHEL SERVICE PROVIDES STEEL ROLLS FOR CONSTRUCTION OF CORONAVIRUS MEDICAL
CENTERS
Moscow, Russia - 3 April 2020 - Mechel Group's (MOEX: MTLR, NYSE: MTL, one
of the leading Russian mining and metals companies) sales network Mechel
Service is supplying steel rolls for construction of infectious disease
hospitals designed to fight coronavirus all over Russia.
As part of the government's plan to prevent the spread of coronavirus,
rapidly erectable medical centers designed for fighting infectious diseases
are being built. Construction works are held round the clock.
Russia's defense ministry is speeding up construction of 16 medical centers.
Mechel Service is supplying rolled products for construction of the defense
ministry's multifunctional medical centers in Moscow Region's Odintsovo,
Volgograd and Orenburg Region. Steel rolls are also supplied for
construction of hospitals in Novosibirsk and Petropavlovsk-Kamchatsky.
Supplies mainly include beams, rebar and flats produced by Mechel Group's
Chelyabinsk Metallurgical Plant.
Mechel Service also provides rolls for construction of an infectious disease
hospital in Moscow's Voronovo town, which will become an addition to the
ward in Kommunarka and the infectious disease hospital #1. Earlier, the
company supplied more than 5,000 tonnes of rebar for construction of the
medical center in Kommunarka, which is currently Moscow's key medical
facility for coronavirus patients.
"Today we face the task of providing enough steel rolls for construction of
infectious disease centers as quickly as possible. We do everything in our
power to make these supplies in the shortest possible time," Mechel PAO's
Chief Executive Officer Oleg Korzhov commented.
***
Mechel PAO
Ekaterina Videman
Tel: + 7 495 221 88 88
ekaterina.videman@mechel.com
***
Mechel is an international mining and steel company. 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.
***
Mechel Service is a sales and service network which markets domestically
products made by Mechel Group's metallurgical facilities.
Mechel Service's 53 storage sites are located in 42 Russian cities and
towns. The company also includes 18 service centers for additional treatment
of steel rolls.
Mechel Service sells a wide range of steel products - rebar (including
cold-deformed rebar), regular and profiled steel flats, quality rolls, Bp-1
wire, sections, hardware, wire ropes, stainless steel longs and flats,
welded and contoured pipes, welded mesh.
***
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.
2020-04-03 MSK Dissemination of a Corporate News, transmitted by
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The issuer is solely responsible for the content of this announcement.
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Archive at www.dgap.de
Language: English
Company: PJSC Mechel
1 Krasnoarmeyskaya Street, Moscow, Russia
127006 Moscow
Russia
Phone: +7 (495) 221-88-88
Fax: +7 (495) 221-88-00
E-mail: press@mechel.com
Internet: www.mechel.ru/
ISIN: US5838406081, RU000A0DKXV5
WKN: A2AC1G
Listed: Foreign Exchange(s) Moscow, NYSE
EQS News ID: 1014971
End of News EquityStory.RS, LLC News Service
1014971 2020-04-03 MSK
(END) Dow Jones Newswires
April 03, 2020 06:00 ET (10:00 GMT)
