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04.06.2013

EVRAZ and GHH-VALDUNES have signed the Agency Agreement for sales in Europe

EVRAZ and GHH-VALDUNES have signed the Agency Agreement for sales in Europe 4 June 2013 - EVRAZ and GHH-Valdunes have signed the Agency Agreement relating to the sale and marketing of EVRAZ’s railway freight wheels through GHH-Valdunes in the European market (the “Agency Agreement”). The parties announced their intention to collaborate in marketing and distribution of their steel wheel products in September 2012 during the Innotrans exhibition.

EVRAZ has recently received the certification as a freight wheel manufacturer in accordance with EN13262. As a result of certification and subject to the terms and conditions of the Agency Agreement EVRAZ’s railway freight wheels will now be sold and marketed in Europe.

Ilya Shirokobrod, Vice-president and Head of EVRAZ Railway Products Division said: “Collaboration with GHH-Valdunes is an important step in achieving EVRAZ strategic goal to enter the European freight railway wheel market. We are pleased to work with such a reputable company as GHH-Valdunes and we are certain that our cooperation will bring significant benefits for both companies and their customers”.

Raimund Abele, CEO of GHH-Valdunes, added: “We are delighted to be able to team up with EVRAZ. EVRAZ’ considerable experience and expertise in the steel and metallurgical industry makes us confident that our future collaboration will enable GHH-Valdunes to maintain its position as a leading player in the European rail-wheel sector”.

By EVRAZ.

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