History of the Evraz Group
Evraz Group is a vertically-integrated firm which is largely self-sufficient in terms of iron ore supply and more than self-sufficient in coking coal production. From its origins in metals trading in 1992 Evraz has grown into one of the largest integrated steelmakers in the world, producing ~16.1 million tonnes of crude steel in 2013.
The timeline below covers the history of the firm.
- 1992: EVRAZ founded as a small metal trader - Evrazmetall.
- 1995: EAM Group founded - coal, ore & steel businesses.
- 1995: EAM Group signs partnership agreement with Duferco.
- 1995: EAM becomes owner of controlling stake in NTMK.
- 1999: EAM takes on management of Zapsib and Novokuznetsk.
- 1999: EvrazHolding founded to oversee steel co's & ore mines.
- 2004: Acquisition of stake in Yuzhkuzbassugol coal mine.
- 2005: GDRs floated on London Stock Exchange.
- 2005: Purchase of Mine 12 [coal mine in the Kemerovo Region].
- 2005: Acquisition of equity interest in Raspadskaya coal company.
- 2005: Acquisitions of Italian rolling mill Palini & Bertoli.
- 2005: Takeover of Vitkovice Steel (plate mill) in Czech Republic.
- 2006: Acquisition of majority stake in Strategic Minerals Corporation.
- 2006: Buys ~25% stake in Highveld Steel & Vanadium, South Africa.
- 2006: Start of iron ore production at Izykhgoland, Siberia.
- 2007: Purchase of Oregon Steel Mills in the USA.
- 2008: Investment in section mill 350 in Kostanaisk, Kazakhstan.
- 2008: Takeover of US plate producer Claymont Steel.
- 2008: Acquisition of IPSCO‘s plate and tube business, Canada.
- 2008: Acquisition by Evraz of portfolio of Ukrainian assets.
- 2009: Acquisition of Vanady-Tula [vanadium raw materials].
- 2011: Reconstruction of NKMK rail mill [high-speed rails; long rails].
- 2012: Closure of loss-making Czech Vitkovice heavy section mill.
- 2012: Reconstruction commenced of Evrazruda Sheregesh mine.
- 2012: Temporary closure of Vitkovice plant - poor demand.
- 2013: Suspension of operations at Italian Palini e Bertoli plant.
- 2013: Idling of 500kt mill in Delaware USA due to weak demand.
- 2013: Sale of VGOK Iron Ore Processing Plant for $20m.
- 2013: Launch of new Kazahk rolling mill in Kostanay.
- 2014: Spends $600m on Novokuznetsk rail mill rebuild.
- EAM Group was led by Alexander G. Abramov, who is currently [as at mid-2011] Chairman of the Evraz Group Board of Directors.
- The West Siberian Steel Works [annual steel capacity of ~6.5 million tonnes] is also known as Zapsib.
- NKMK is also known as Novokuznetsk Metallurgical Kombinat [2011 steel production capacity of ~1.9 million tonnes / year].
- NTMK [Niznhy Tagil Metallurgical Plant; also known as Nizhny Tagil Metallurgical Kombinat] is jointly controlled with the Swiss company Duferco.
- The Evrazruda mining business comprises the Tashtagol Mine, Kaz Mine, the Sheregesh Mine, Gurev Mine and the Abagur Sinter and Enrichment Works; as well as the Abakanskoye Mine and the Teya Mine [all CIS based].
- 1999: EvrazHolding at this point also had control over ZSMK (Zapsib) and NKMK (Novokuznetsk Works), as well as the Vysokogorsky and Kachkanarsky iron ore mines, Evrazruda and Nakhodka Sea Port.
- 2006: Strategic Minerals Corporation in the USA is one of the world's leading producers of vanadium alloys; the firm also produces chemicals for steel, titanium and other industries.
- 2008: Portfolio of assets acquired by Evraz in Ukraine included the Sukha Balka Iron Ore Mining and Processing Works, the Dneprodzerzhinsk Coke Chemical Plant, Dneprokoks and Bagleykoks, and the Dnepropetrovsk Iron and Steel Works.
- 2009: Vanady-Tula in Russia’s largest ferrovanadium producer.
- 2012: Evrazruda Sheregesh mine reconstruction intended to increase production 2.5 times to 4.8 Mtpa by 2016.
- 2013: Evraz' plant Palini e Bartoli at San Giorgio di Nogaro in northern Italy has the capacity to produce ~500,000 tonnes per year of steel plate.
- 2013: Sale of the Vysokogorsky Iron Ore Mining and Processing Plant (VGOK) to NPRO URAL was announced in October 2013.
- 2013: Kostanay facility is a light-section rolling mill commissioned in December 2013. This plant is a joint venture between EVRAZ (65%) and the Kazakh Caspian Group (35%).
- 2014: Refurbished Novokuznetsk facility has an estimated production capacity of ~950,000 tonnes of rails per year, which is roughly equivalent to Russia’s annual rail demand.
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