Mechel Announces Record Results at Posiet Port
09/09/2011 - Mechel OAO announces that its Trade Port Posiet OAO achieved record coal transshipment results in August, following completion of a number of upgrades to the port’s technical support system.
Mechel OAO announces that its Trade Port Posiet OAO achieved record coal transshipment results in August.
During the month, Trade Port Posiet OAO loaded 26 cargo ships with a total of 509,000 tonnes of coal products, marking the best monthly result in the port’s history. This record achievement was made possible by improvements in the port’s technical support that were made as part of the company’s large-scale modernization program that is scheduled to be completed by the end of 2012.
The port’s drainage runs, crane runways and railway tracks had already been lengthened as part of the upgrade, which enabled the company to admit simultaneously three ships to the loading berths. The port also commissioned additional equipment, including two hydraulic grab loaders produced by Terex Fuchs and Liebherr Group of Germany, a portal loader produced by Finnish-based Mantsinen Group, and a mobile stacker produced by British-based Telestack.
“This result became possible thanks to the improvement of the port’s technical facilities, implementation of new ways of wagon supply, increase of the daily norm for wagon admission to the port, as well as the well-coordinated efforts of Mechel’s entire transport division,” said Mecheltrans Management OOO’s Chief Executive Officer Alexander Starodubov, commenting on the record achievement. “Port Posiet thus achieved a new level in transshipment of coal, which is particularly important as the enterprise ensures access for Mechel OAO’s products to key Pacific Asian markets.”
As part of the modernization program, Trade Port Posiet OAO is also undergoing technical re-equipment and expansion of the port’s infrastructure, aimed at increasing the port’s annual coal transshipment capacity to 9 million tonnes. The company’s investment in Port Posiet coal complex’s technical modernization will amount to some 73 million dollars.
Mechel, one of Russian’s leading companies, conducts business in four segments: mining, steel, ferroalloy and power. Mechel unites producers of coal, iron ore concentrate, nickel, steel, ferrochrome, ferrosilicon, rolled products, hardware, heat and electric power, producing products that are marketed both domestically and internationally.
