Company metalloinvest and Zagorski pipe plant (ztd) are negotiating about a strategic partnership for the development of Ural Steel and ZTZ occurrence in capital of the company.
the conclusion of the transaction depends on the successful conclusion of the negotiations, the procedure of inspections of financial and economic activities Ural Steel, the conclusion of legally binding documentation and obtaining required approvals of regulatory authorities.
"We are committed to the development of Ural Steel together with our partner ZTZ, – noted General Director UK "metalloinvest" Andrey Varichev. – This will bring synergy and create value for all parties. Ural Steel will give a new impetus to the development and improvement of production efficiency".
"We see synergy in partnership with metalloinvest, the company has always been for us a reliable supplier of sheet. Moreover, cooperation on the basis of Ural Steel will enable us to become more competitive and enable business diversification, – said General Director of JSC "Zagorsk pipe plant" Denis Safin.
