Evraz
| 220px | |
| Type | Public limited company |
|---|---|
| Traded as | LSE: EVR |
| Industry | Steel |
| Founded | 1992 |
| Headquarters | London, United Kingdom |
| Key people | Alexander Abramov (Chairman) Alexander V Frolov (CEO) |
| Products | Steel Steel products Vanadium slag Iron ore Coal |
| Revenue | US$ 13,394 million (2010)[1] |
| Operating income | US$ 1,330 million (2010)[1] |
| Net income | US$ 532 million (2010)[1] |
| Website | www.evraz.com |
Evraz plc (Russian: Евраз) is one of the world's biggest vertically integrated steel production and mining businesses, with operations mainly in Russia. Evraz' European offices are located in London.
Evraz is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.
Contents |
[edit] History
The company was founded as a small metal trading business in 1992.[2] On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London.[3] The company was priced at $14.50 per GDR implying an equity value of $5.15 billion.[3] An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.[4]
[edit] Operations
Evraz is a vertically integrated holding with high self-sufficiency in iron ore and excess coking coal production, which enables the company to be one of the largest participants on the domestic coking coal market through its affiliates. Evraz also controls some metal trading and logistic assets. The business structure is as follows:[5]
[edit] Steel
- Nizhny Tagil Iron and Steel Plant - NTMK - in Nizhny Tagil; major steel and vanadium slag producer
- Novokuznetsk Iron and Steel Plant - NKMK in Novokuznetsk; major steel producer; leading in railway steel
- Palini e Bertoli in Italy's Udina Province; rolling mill/steel plate products, in association with Clama Srl
- Strategic Minerals Corporation - Stratcor in the USA; vanadium, tungsten, alloys; facilities in Arkansas, Pennsylvania, Brits, North West in South Africa; headquartered in Danbury, Connecticut
- Vitkovice Steel steel plate maker in the Czech Republic, facilities in Ostrava;
- West Siberian Iron and Steel Plant - ZapSib - ZSMK large steel producer in Siberia;
- Oregon Steel Mills in the USA; pipes, tubes, rails; facilities in Portland, Oregon, Pueblo, Camrose, Alberta in Canada; headquartered in Portland, Oregon
- Claymont Steel in the USA; custom plate; facilities in Claymont, Delaware
- Ipsco Inc. - in Rural Municipality of Sherwood No. 159, Saskatchewan, north of Regina, Saskatchewan, Canada; pipe and plate steel
[edit] Ore
- Evrazruda mining and enrichment facilities in Kemerovo Oblast
- In the Kemerovo Oblast: Tashtagol Mine, Kaz Mine, Sheregesh Mine, Gurev Mine, Abagur Sinter and Enrichment Plant
- In the Republic of Khakassia: Abakanskoye Mine, Teya Mine
- Kachkanarsky Ore Mining and Processing Enterprise - Vanady - KGOK pit mining in Sverdlovsk;
- Vysokogorsky Mining and Processing Integrated Works/VGOK underground mining near Nizhny Tagil;
- Vysokogorsk Deposit; Lebyazhinsk Deposit; Estuninsk Deposit; Mednorudyansk Deposit
[edit] Coal
- Mine 12 coal mining in Kemerovo Oblast
- Neryungriugol coal mining; Denisovskoye Field in Republic of Sakha, in association with Mitsui Company
- Raspadskaya/Joint Stock Company Raspadskaya underground coking coal mining in Kemerovo, a 40% stake through 50% ownership of Corber Enterprises Limited, which in turn owns 80% of Raspadskaya
- Yuzhkuzbassugol coking coal mining in the Kuzbass Region
[edit] Vanadium
- Highveld Steel and Vanadium Corporation Ltd. in South Africa
[edit] Other
- Evraztrans Evraz' railway forwarding company
- Ferrotrade Limited selling Evraz' products in China and Southeast Asia
- Metallenergofinance MEF, supplying electricity and heat for Evraz facilities
- Nakhodka Commercial Sea Port in the Russian Far East, handling most of Evraz' exports NCSP
- Trading House EvrazHolding/TH EvrazHolding working in domestic sales
- Trading House EvrazResource/TH EvrazResource working in domestic sales
[edit]
Mastercroft was a wholly owned subsidiary of the company as of 30 June 2006. The company's interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006 Evraz Group announced a transaction that resulted in the transfer to Greenlease International Holding of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group. As of September 2006 Lanebrook Ltd. held 82.43% of the Company's shares, while about 15.33% of the stock is traded on the London Stock Exchange.[6]
[edit] Notes
- ^ a b c Annual Report 2010
- ^ History of the Evraz Group
- ^ a b EVRAZ Raises $422M in soft London IPO St Petersburg Times, 3 June 2005
- ^ Management's discussion and analysis of financial condition and results of operations
- ^ Our business Evraz
- ^ Lanebrook Limited ups stake in Evraz to 83.24% New Europe, 16 December 2006
