Sep 24, 2012

UVZ announces signing long-term partnership agreement with EVRAZ

UVZ Corporation and EVRAZ signed a five-year metal products supply contract at the international InnoTrans-2012 exhibition in Berlin. The agreement determines mutual obligations on purchase of metal-roll and railway wheels from 2012 to 2017. As a result of this partnership, UVZ and EVRAZ will establish a market-based price mechanism.

«The two largest Nizhny Tagil enterprises have signed this strategic partnership agreement, which secures stability of the city, the area and the industry. It will become a foundation for the upgrade and the future production development. We cooperate closely and we are confident of our joint success,» said Andrey Shlenskiy, Deputy CEO, Head of Division of Railway Vehicles, UVZ. «EVRAZ intends to strengthen its partnerships through long-term contracts.

Signing this five-year agreement with URALVAGONZAVOD is a major step here,» noted Ilya Shirokobrod, Vice-president, Head of Railway Products Division, EVRAZ. «EVRAZ is a world leader among rail mill products manufacturers and we are sure that EVRAZ products will fully meet our partner’s demands,» he said.