OREANDA-NEWS. German SMS Meer SpA, will supply equipment for a new steel rolling mill in the United Arab Emirates, to be built by METALLOINVEST Management Company.

The final details of the contract were discussed by the management of the two companies in the framework of a metallurgical exhibition METEC-2007 held in Dusseldorf in June.

The contract with SMS MEER, which is ready for signing, is one of the most important, but not the only, outcome of the exhibition. METALLOINVEST has also reached an understanding with Siemens-VAI (Austria) on cooperation while building the third HBI plant at Lebedinsky GOK. The two parts are to discuss technical and economical provisions of the contract in July this year.

The production of the four companies of METALLOINVEST Holding evoked great interest among professionals. Metallurgical companies in Germany, Sweden, Slovenia, Italy, Egypt, Israel, India, Iran, Turkey, Saudi Arabia, the United Arab Emirates, and Ghana are prepared to sign contracts on continued cooperation with them.

“Currently, the total output of Metalloinvest’s enterprises is successfully marketed, but the Holding is going to increase its production volumes and extend its assortment list. We’re working hard on marketing development and strengthening our long-term relationship with customers.  Metalloinvest’s participation in the METEC2007 has become an efficient platform to hit our strategical targets, both in terms of technological growth and in our sales development”, said Maxim Gubiev, General Director of Metalloinvest Management Company.