Evraz Group
Encyclopedia
Evraz Group is one of the world's biggest vertically integrated
steel
production and mining
businesses, with operations mainly in Russia
. In 2008, Evraz Group produced 17.7 million tonnes of crude steel.
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. Based on 1H 2006 results, the steel segment represents 97.4 percent of Group revenue
. On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR
in London
. The company was priced at $14.50 per GDR implying an equity value of $5.15 billion. An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.
Evraz' European offices are located in Luxembourg
.
is traded on the London Stock Exchange
.
Vertical integration
In microeconomics and management, the term vertical integration describes a style of management control. Vertically integrated companies in a supply chain are united through a common owner. Usually each member of the supply chain produces a different product or service, and the products combine to...
steel
Steel
Steel is an alloy that consists mostly of iron and has a carbon content between 0.2% and 2.1% by weight, depending on the grade. Carbon is the most common alloying material for iron, but various other alloying elements are used, such as manganese, chromium, vanadium, and tungsten...
production and mining
Mining
Mining is the extraction of valuable minerals or other geological materials from the earth, from an ore body, vein or seam. The term also includes the removal of soil. Materials recovered by mining include base metals, precious metals, iron, uranium, coal, diamonds, limestone, oil shale, rock...
businesses, with operations mainly in Russia
Russia
Russia or , officially known as both Russia and the Russian Federation , is a country in northern Eurasia. It is a federal semi-presidential republic, comprising 83 federal subjects...
. In 2008, Evraz Group produced 17.7 million tonnes of crude steel.
Overview
The company is a vertically integrated holding with high self-sufficiency in iron ore and excess coking coalCoal
Coal is a combustible black or brownish-black sedimentary rock usually occurring in rock strata in layers or veins called coal beds or coal seams. The harder forms, such as anthracite coal, can be regarded as metamorphic rock because of later exposure to elevated temperature and pressure...
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
Metal
A metal , is an element, compound, or alloy that is a good conductor of both electricity and heat. Metals are usually malleable and shiny, that is they reflect most of incident light...
trading and logistic assets. Based on 1H 2006 results, the steel segment represents 97.4 percent of Group revenue
Revenue
In business, revenue is income that a company receives from its normal business activities, usually from the sale of goods and services to customers. In many countries, such as the United Kingdom, revenue is referred to as turnover....
. On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR
Global Depository Receipt
A global depository receipt or global depositary receipt is a certificate issued by a depository bank, which purchases shares of foreign companies and deposits it on the account...
in London
London
London is the capital city of :England and the :United Kingdom, the largest metropolitan area in the United Kingdom, and the largest urban zone in the European Union by most measures. Located on the River Thames, London has been a major settlement for two millennia, its history going back to its...
. The company was priced at $14.50 per GDR implying an equity value of $5.15 billion. An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.
Evraz' European offices are located in Luxembourg
Luxembourg
Luxembourg , officially the Grand Duchy of Luxembourg , is a landlocked country in western Europe, bordered by Belgium, France, and Germany. It has two principal regions: the Oesling in the North as part of the Ardennes massif, and the Gutland in the south...
.
Shareholders structure
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 stockStock
The capital stock of a business entity represents the original capital paid into or invested in the business by its founders. It serves as a security for the creditors of a business since it cannot be withdrawn to the detriment of the creditors...
is traded on the London Stock Exchange
London Stock Exchange
The London Stock Exchange is a stock exchange located in the City of London within the United Kingdom. , the Exchange had a market capitalisation of US$3.7495 trillion, making it the fourth-largest stock exchange in the world by this measurement...
.
Steel
- Nizhny Tagil Iron and Steel Plant - NTMK - in Nizhny TagilNizhny TagilNizhny Tagil is a city in Sverdlovsk Oblast, Russia, situated east of the virtual border between Europe and Asia. Population: -History:...
; major steel and vanadium slag producer NTMK - Novokuznetsk Iron and Steel PlantNovokuznetsk Iron and Steel PlantNovokuznetsk Iron and Steel Plant is a major Russian steel producer in the city of Novokuznetsk in Kemerovo Oblast in southwestern Siberia. The company's name is abbreviated to NKMK . The company specializes in the production of rails for railroads. NKMK is a subsidiary of the Evraz Group, a...
- NKMK in NovokuznetskNovokuznetskNovokuznetsk is a city in Kemerovo Oblast, Russia. It serves as the administrative center of Novokuznetsky District, but it is not administratively a part of it...
; major steel producer; leading in railway steel NKMK - Palini e Bertoli in ItalyItalyItaly , officially the Italian Republic languages]] under the European Charter for Regional or Minority Languages. In each of these, Italy's official name is as follows:;;;;;;;;), is a unitary parliamentary republic in South-Central Europe. To the north it borders France, Switzerland, Austria and...
's Udina Province; rolling mill/steel plate products, in association with Clama Srl Palini and Bertoli - Strategic Minerals Corporation - Stratcor in the USA; vanadium, tungsten, alloys; facilities in ArkansasArkansasArkansas is a state located in the southern region of the United States. Its name is an Algonquian name of the Quapaw Indians. Arkansas shares borders with six states , and its eastern border is largely defined by the Mississippi River...
, PennsylvaniaPennsylvaniaThe Commonwealth of Pennsylvania is a U.S. state that is located in the Northeastern and Mid-Atlantic regions of the United States. The state borders Delaware and Maryland to the south, West Virginia to the southwest, Ohio to the west, New York and Ontario, Canada, to the north, and New Jersey to...
, Brits, North WestBrits, North WestBrits is a large town and district situated in a fertile, citrus, vegetable and grain-producing area that is irrigated by the waters of the Hartbeespoort Dam in North West Province of South Africa. It is close to the City of Tshwane Metropolitan Municipality in Gauteng, which includes Pretoria and...
in South AfricaSouth AfricaThe Republic of South Africa is a country in southern Africa. Located at the southern tip of Africa, it is divided into nine provinces, with of coastline on the Atlantic and Indian oceans...
; headquartered in Danbury, ConnecticutDanbury, ConnecticutDanbury is a city in northern Fairfield County, Connecticut, United States. It had population at the 2010 census of 80,893. Danbury is the fourth largest city in Fairfield County and is the seventh largest city in Connecticut....
Stratcor - Vitkovice Steel steel plate maker in the Czech RepublicCzech RepublicThe Czech Republic is a landlocked country in Central Europe. The country is bordered by Poland to the northeast, Slovakia to the east, Austria to the south, and Germany to the west and northwest....
, facilities in OstravaOstravaOstrava is the third largest city in the Czech Republic and the second largest urban agglomeration after Prague. Located close to the Polish border, it is also the administrative center of the Moravian-Silesian Region and of the Municipality with Extended Competence. Ostrava was candidate for the...
; Vitkovice Steel - West Siberian Iron and Steel Plant - ZapSib - ZSMK large steel producer in Siberia; ZapSib
- Oregon Steel Mills in the USA; pipes, tubes, rails; facilities in Portland, OregonPortland, OregonPortland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States...
, PuebloPuebloPueblo is a term used to describe modern communities of Native Americans in the Southwestern United States of America. The first Spanish explorers of the Southwest used this term to describe the communities housed in apartment-like structures built of stone, adobe mud, and other local material...
, Camrose, AlbertaCamrose, AlbertaCamrose is a city in central Alberta, Canada, amid some of the richest farmland in the prairies. It is a relatively small city which originally grew up along a railroad and now grows along Highway 13. Camrose is a scenic community with many parks, leading to its moniker "The Rose City"...
in CanadaCanadaCanada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
; headquartered in Portland, OregonPortland, OregonPortland is a city located in the Pacific Northwest, near the confluence of the Willamette and Columbia rivers in the U.S. state of Oregon. As of the 2010 Census, it had a population of 583,776, making it the 29th most populous city in the United States... - Claymont SteelEvraz Claymont SteelEvraz Claymont Steel Holdings, Inc is a steel mill located in Claymont, Delaware specializing in the manufacture of custom-order discrete steel plate out of scrapped steel. The plant houses an electric arc furnace mini-mill and employs approximately 500 people. The Evraz Group acquired Claymont...
in the USA; custom plate; facilities in Claymont, DelawareClaymont, DelawareClaymont is a census-designated place in New Castle County, Delaware, United States. The population was 9,220 at the 2000 census.-History:... - Ipsco Inc. - in Rural Municipality of Sherwood No. 159, SaskatchewanSherwood No. 159, SaskatchewanSherwood Rural Municipality Number 159 is a rural municipality in southeastern Saskatchewan, Canada. It encircles and is an exurb of the city of Regina, the provincial capital. Also within the borders of Sherwood is the separately governed village of Grand Coulee...
, north of Regina, SaskatchewanRegina, SaskatchewanRegina is the capital city of the Canadian province of Saskatchewan. The city is the second-largest in the province and a cultural and commercial centre for southern Saskatchewan. It is governed by Regina City Council. Regina is the cathedral city of the Roman Catholic and Romanian Orthodox...
, CanadaCanadaCanada is a North American country consisting of ten provinces and three territories. Located in the northern part of the continent, it extends from the Atlantic Ocean in the east to the Pacific Ocean in the west, and northward into the Arctic Ocean...
; pipe and plate steel http://www.ipsco.com/
Ore
- Evrazruda mining and enrichment facilities in Kemerovo OblastKemerovo OblastKemerovo Oblast , also known as Kuzbass after the Kuznetsk Basin, is a federal subject of Russia , located in southwestern Siberia, where the West Siberian Plain meets the South Siberian mountains...
- 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 SverdlovskYekaterinburgYekaterinburg is a major city in the central part of Russia, the administrative center of Sverdlovsk Oblast. Situated on the eastern side of the Ural mountain range, it is the main industrial and cultural center of the Urals Federal District with a population of 1,350,136 , making it Russia's...
; KGOK - Vysokogorsky Mining and Processing Integrated Works/VGOK underground mining near Nizhny Tagil; VGOK
- Vysokogorsk Deposit; Lebyazhinsk Deposit; Estuninsk Deposit; Mednorudyansk Deposit
Coal
- Mine 12 coal mining in Kemerovo Oblast
- Neryungriugol coal mining; Denisovskoye Field in Republic of Sakha, in association with Mitsui Company
- RaspadskayaRaspadskayaRaspadskaya:* Raspadskaya - largest coal mine in Russia* Raspadskaya * FC Raspadskaya...
/Joint Stock Company Raspadskaya underground coking coal mining in Kemerovo, in association with Corber Enterprises Limited - Yuzhkuzbassugol coking coal mining in the Kuzbass Region
Other operations/Distribution
- Evraztrans Evraz' railway forwarding company
- Ferrotrade Limited selling Evraz' products in ChinaChinaChinese civilization may refer to:* China for more general discussion of the country.* Chinese culture* Greater China, the transnational community of ethnic Chinese.* History of China* Sinosphere, the area historically affected by Chinese culture...
and Southeast AsiaSoutheast AsiaSoutheast Asia, South-East Asia, South East Asia or Southeastern Asia is a subregion of Asia, consisting of the countries that are geographically south of China, east of India, west of New Guinea and north of Australia. The region lies on the intersection of geological plates, with heavy seismic... - Metallenergofinance MEF, supplying electricity and heat for Evraz facilities
- Nakhodka Commercial Sea Port in the Russian Far EastRussian Far EastRussian Far East is a term that refers to the Russian part of the Far East, i.e., extreme east parts of Russia, between Lake Baikal in Eastern Siberia and the Pacific Ocean...
, handling most of Evraz' exports NCSP - Trading House EvrazHolding/TH EvrazHolding working in domestic sales
- Trading House EvrazResource/TH EvrazResource working in domestic sales