Evraz and Russian Railways signed a five-year agreement for the supply of 3.2 million tonnes of rail products, with a total value of RUB 111.7 billion (USD 1.98 billion).
“The new five-year contract with our key partner, Russian Railways, is a logical step to continue our long-term relations. The contract specifies the volume of deliveries and the rail categories’ mix for each year, which allows both parties to plan their work more precisely. In addition, there is an option to redistribute the volume or rail categories, which will help our partner to flexibly manage the portfolio of orders depending on the needs,” said Ilya Shirokobrod, Evraz Vice President for Sales and Logistics.
Evraz will continue to supply rails of all categories demanded by Russian Railways, including special products such as rails for high-speed mixed traffic, low-temperature resistant rails, rails with higher wear resistance and switch point rails. All these categories of rails in Russia are supplied only by Evraz. The agreement provides for a gradual increase in the supply of 100-meter rails to 360,000 tons by 2020.
Currently, Evraz and Russian Railways continue to develop new rail projects and to improve the efficiency of railway lines’ maintenance.
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