Evraz

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EVRAZ plc
Type Public limited company
Traded as LSEEVR
Industry Steel
Mining
Founded 1992 (Moscow)
Headquarters London, United Kingdom
Key people Alexander Abramov (Chairman)
Alexander V Frolov (CEO)
Products Steel
Steel products
Vanadium slag
Iron ore
Coal
Revenue US$14,411 million (2013)[1]
Operating income US$19 million (2013)[1]
Net income US$(572) million (2013)[1]
Website www.evraz.com

EVRAZ plc (Russian: ЕВРАЗ) is a multinational vertically integrated steel making and mining company headquartered in London, United Kingdom. It has operations mainly in Russia, but also in Ukraine,Kazakhstan, Italy, Czech Republic, the United States, Canada and South Africa. The company employs about 100,000 people.[2] Evraz is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

The company was founded as a small metal trading business in 1992.[3] On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London.[4] The company was priced at $14.50 per GDR implying an equity value of $5.15 billion.[4] An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.[5]

Operations[edit]

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:[6]

Steel[edit]

Ore[edit]

  • 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
  • Kachkanarsky Ore Mining and Processing Enterprise - Vanady - KGOK pit mining in Sverdlovsk;

Coal[edit]

  • Yuzhkuzbassugol coking coal mining in the Kuzbass Region
  • Raspadskaya/Joint Stock Company Raspadskaya underground coking coal mining in Kemerovo, EVRAZ owns 82% of Raspadskaya

Vanadium[edit]

  • EVRAZ Highveld Steel and Vanadium Corporation Ltd. in South Africa

EVRAZ Vanady Tula

Sales and logistics[edit]

  • Metallenergofinance MEF, supplying electricity and heat for Evraz facilities
  • Nakhodka Commercial Sea Port in the Russian Far East, handling most of Evraz' exports
  • Trading House EvrazHolding/TH EvrazHolding working in domestic sales
  • Trading House EvrazResource/TH EvrazResource working in domestic sales

Shareholder profile[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 January 2014 Lanebrook Ltd. held 64.73% of the Company's shares, while 21.81% of the stock is traded on the London Stock Exchange.[2]

See also[edit]

References[edit]

External links[edit]