Urals Stampings Plant Increased Production in 2017Urals Stampings Plant (Uralkuz PAO, part of Mechel Group, MOEX: URKZ) increased production and sales by 28% in 2017.
In 2017, Urals Stampings Plant shipped over 96,000 tonnes of stampings to its customers, which is 28% more than in 2016. Production volumes grew steadily throughout the year, with the plant setting several monthly records. In December, Urals Stampings Plant supplied its clients with over 10,000 tonnes, a result unmatched over the past 30 years.
Urals Stampings Plant obtains steel for its hot-stamped products from Chelyabinsk Metallurgical Plant, also a Mechel Group facility, as part of intra-group cooperation.
“The boost in production volumes is primarily due to the increase in production of railway axles for Russian and foreign customers. We also significantly increased sales of hot-stamped products to the plant’s other traditional clients — oil and gas, nuclear and aviation industries,” Urals Stampings Plant’s Managing Director Viktor Matsenko explained.