Business news from Ukraine

METINVEST SUPPLIES RAILS FOR NEW RAILWAY TRACK IN CUBA IN H1 2015

20 August , 2015  

KYIV. Aug 20 (Interfax-Ukraine) – Metinvest, the largest Ukrainian mining and metal holding, supplied over 4,000 tonnes of P50 rails made by Azovstal steel works (Mariupol, Donetsk region) to the Cuban market for the construction of a new railway track in January-June 2015, the company said in a press release.

The company said that the Cuban customer conducted a technical audit that confirmed the quality of Metinvest Group’s products. This type of rails is widely used for general and special-purpose railway track.

Azovstal shipped the rails to the Cuban Ministry of Transportation to be used in the construction of a railway track to the port of Mariel. The development of infrastructure for the port, which is 50 kilometers from Havana, was driven by its establishment as Cuba’s first free economic zone in 2014.

More than 200 kilometers of track have been constructed from Metinvest rails in the last three years.

Broad-gauge P50 rails and P65 rails are Metinvest’s most in demand products. Overall, the company manufactures more than 10 typical sizes of standard-gauge and narrow-gauge rails.

“Taking into consideration the high sales efficiency of rolled steel for railway tracks, Metinvest Group is developing its product range and focusing on demand in both domestic and external markets. For example, Azovstal has begun to produce rails with tempered side edges,” the company said.