Russia: Mechel, STX Group Sign Partnership Agreement

Mechel, STX Group Sign Partnership Agreement

Mechel OAO, one of the leading Russian mining and metals companies, announces the signing of a long-term partnership agreement with South Korea’s STX Group during the Business Summit of the Asia Pacific Economic Cooperation (APEC).

Chairman of the Board of Directors Igor Zyuzin signed the agreement on behalf of Mechel OAO, and Chairman Kang Duk-soo signed it on behalf of STX Group. STX Group is one of South Korea’s largest corporations, focusing on shipbuilding, construction, sea transit and energy.

The agreement aims to set up a mutually beneficial partnership between the two companies. The sides intend to cooperate in the long term on promoting products manufactured by Mechel enterprises and STX Group, and implementing possible joint projects. Those include cooperation in coal shipments, joint participation in development of ports and port terminals in Russia’s Far East, as well as cooperation in sea transit issues.

Mechel Group has strong partnership ties with South Korean customers of its products. Mechel OAO’s official representative office was opened in Seoul in August 2009.

South Korean companies are traditional customers of Mechel’s coal products. Strengthening business ties with progressive-minded companies such as STX Group are key to successful implementation of our strategy to ensure sales for the Elga coal deposit’s coals,” Chairman of Mechel OAO’s Board of Directors Igor Zyuzin noted.

Press Release, September 11, 2012

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3rd International Congress Hydraulic Engineering Structures and Dredging

Russia’s leading maritime industry Media Group PortNews (www.portnews.ru) holds a traditional annual Congress “Hydraulic Engineering Structures and Dredging” in Moscow. 

The two-day Congress includes the 7th International Forum of Dredging Companies and the 3rd Technical Conference “Modern Solutions for Hydraulic Engineering”.

Infrastructure development is among the real sources of Russia’s economy growth. Construction of port facilities and new hydraulic engineering structures on the country’s inland waterways constitute an essential part of all infrastructure projects. It is important to take into account the best international practices to implement these projects effectively.

The program of the Congress will be devoted to the latest technologies for dredging and hydraulic engineering works. Speakers and delegates will refer to real projects to discuss specifics features of dredging works, as well as dedicated fleet and equipment involved.

To learn more about event, please, contact the organizing committee: snitko@portnews.ru

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