Mechel Announces Signing Contracts on Supplies of Extra-Size Tires With
Japan's Marubeni Corporation
MOSCOW, Nov. 20, 2012 (GLOBE NEWSWIRE) -- Mechel OAO (NYSE:MTL), one of the
leading Russian mining and metals companies, announces the signing of
five-year contracts for supplies of extra-size Bridgestone tires with Japan's
Marubeni Corporation during the 10^th session of the Russia-Japan
Inter-Government Commission on Trade and Economic Issues in Tokyo, Japan.
On the sidelines of the official visit of Russian Federation's First Deputy
Prime Minister Igor Shuvalov to Japan, Mechel Group's enterprises — Yakutugol
Holding Company OAO, Southern Kuzbass Coal Company OAO and Korshunov Mining
Plant OAO — signed five-year contracts with Marubeni Corporation for the
supply of Bridgestone-produced off-road tires for heavy duty dump trucks. The
documents were signed in the presence of Mr. Shuvalov and Japanese Foreign
Minister Koichiro Gemba. Mechel OAO's Vice-President for Commercial Activities
Mikhail Urvantsev and Chief Operations Officer of Marubeni Corporation's
Lifestyle Division Katsuhisa Yabe signed the contracts.
Mechel is the first Russian mining and steel company that Marubeni Corporation
granted five-year contracts for supplies of extra large-size tires. According
to the contracts, over 5,000 off-road tires for heavy duty dump trucks will be
supplied to Mechel Group's enterprises.
Marubeni Corporation is one of Japan's largest companies, which is also an
authorized export dealer of Bridgestone Corporation's products.
"These long-term contracts will help our enterprises' stable operations and
improve the efficiency of production in Mechel's mining division, including
implementation of our key project, development of Elga Coal Complex. Signing
these contracts on the sidelines of a session of the Russia-Japan
Inter-Government Commission on Trade and Economic Issues is a major step for
the company in further developing bilateral ties with leading Japanese
industrial producers, which is aimed at consolidating Mechel's leading
positions on the world market of metallurgical coals," Mechel OAO's Chief
Executive Officer Evgeny Mikhel noted.
Mechel is one of the leading Russian companies. Its business includes four
segments: mining, steel, ferroalloy and power. Mechel unites producers of
coal, iron ore concentrate, nickel, ferrochrome, ferrosilicon, steel, rolled
products, hardware, heat and electric power. Mechel products are marketed
domestically and internationally.
The Mechel OAO logo is available at
Some of the information in this press release may contain projections or other
forward-looking statements regarding future events or the future financial
performance of Mechel, as defined in the safe harbor provisions of the U.S.
Private Securities Litigation Reform Act of 1995. We wish to caution you that
these statements are only predictions and that actual events or results may
differ materially. We do not intend to update these statements. We refer you
to the documents Mechel files from time to time with the U.S. Securities and
Exchange Commission, including our Form 20-F. These documents contain and
identify important factors, including those contained in the section captioned
"Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in
our Form 20-F, that could cause the actual results to differ materially from
those contained in our projections or forward-looking statements, including,
among others, the achievement of anticipated levels of profitability, growth,
cost and synergy of our recent acquisitions, the impact of competitive
pricing, the ability to obtain necessary regulatory approvals and licenses,
the impact of developments in the Russian economic, political and legal
environment, volatility in stock markets or in the price of our shares or
ADRs, financial risk management and the impact of general business and global
CONTACT: Mechel OAO
Tel: + 7 495 221 88 88
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