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Zagorsky Pipe Plant (ZTZ) announces the closure of the transaction for the acquisition of JSC Uralskaya Steel

Zagorsky Pipe Plant (ZTZ) announces the closure of the transaction for the acquisition of JSC Uralskaya Steel

01 January 1970

Zagorsky Pipe Plant (ZTZ), one of the largest Russian suppliers of large diameter pipes for oil and gas pipelines and metal products for construction and infrastructure projects, announces On the acquisition of 100% of the shares of Ural Steel JSC (Novotroitsk, Orenburg Region) at the company Metalloinvest , the leading manufacturer and supplier of iron ore products and hot -wide iron on the global market, one of the regional manufacturers of high -quality steel.

Ural Steel, a full -cycle metallurgical plant, which includes an alcohocoxodic, steel -melting and rental production. The plant is the leading Russian manufacturer of bridge steels, the leading supplier of steel products for the construction, production of pipes, and high -quality ship steel. In 2021, the Novotroitsky plant produced 2.4 million tons of cast iron and 1.5 million tons of steel.

The acquisition of the Ural steel will allow the ZTZ to form vertically integrated holding and significantly expand the company's capabilities for the supply of ferrous metallurgy products to the Russian and foreign market. In the long run, the formation of a metallurgical holding will allow to maintain and strengthen the operational efficiency of both companies, to form and fix the positions of the new holding in the main directions of the metallurgical business from the production of cast iron and became to the supply of high -altitude products for leading branches of the national economy - the production, processing, storage and transport of hydrocarbons , construction, shipbuilding and mechanical engineering.

“The acquisition of the Ural steel is part of our strategy for the construction of a vertically integrated holding based on strong metallurgical enterprises with significant potential of Synergy in management, scientific and technical development and production. Holding enterprises will continue to supply consumers with high -quality metallurgical products, while significantly diversified the supplied varietal - the general director of the Zagorsky Pipe Plant Denis Safin. It will continue its work in planned mode, all obligations to existing Russian and foreign consumers of the plant will be carried out. We also plan to maintain social support for employees of the enterprise and pay serious attention to the development of the Ural steel and its personnel. ”.

“ The deal will allow us to fully focus on priority projects in the development of iron production of direct recovery and steel With a low carbon footprint, send additional investments in improving the quality of iron ore products and mastering the processing of oxidized quartzites, ”said the general director of metalinesta Nazim Efendiev .

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