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Mechel Wins Tender for Port Temryuk Production Complex
01/10/2008 - Mechel OAO’s Mecheltrans OOO transportation subsidiary wins the open tender held by Russian Railways OJSC for the sale of the Port Temryuk production complex.
Mechel OAO’s Mecheltrans OOO transportation subsidiary has won the open tender held by Russian Railways OJSC (RZhD OAO) for the sale of the Port Temryuk production complex.
Mechel OAO had previously acquired 100% of the shares of Temryuk-Sotra seaport located on the Taman shore of the Sea of Azov. With its favorable geographical location, this port is showing strong potential for small tonnage river-sea type vessels in Southern Russia.
Held on December 28, 2007, the tender for RZhD OAO involved the sale the Port Temryuk production complex’s real estate assets: i.e., two land plots comprising an area of about 150,000 square meters.
"The acquisition of this property complex will enable us to strengthen our presence in the export shipping markets and provide us with more opportunities to efficiently manage the port's operations and regulate logistics of our deliveries,” said Mechel Management OOO CEO Vladimir Polin. “Following complete commissioning of the real estate assets of the Port Temryuk production complex, we plan to achieve its transshipment capacity of approximately 1.5 million tonnes of cargo in 2008 and approximately 1.8 million tonnes beginning from 2009.”
The newly acquired property complex is located in close proximity to Mechel’s Temryuk-Sotra facility. The operations of both facilities are supported by the same railway branch owned by Temryuk-Sotra, which, according to Polin, “affords us an opportunity to subsequently join these two infrastructure facilities into a high capacity port transshipment complex.”
Mechel, one of the leading Russian mining and metals companies, unites producers of coal, iron ore, nickel, steel, rolled products, and hardware. Mechel products are marketed domestically and internationally.
