OREANDA-NEWS. On October 02, 2007 ROSNO’s Smolensk branch has concluded a property insurance contract with CJSC Voestalpine Arkada Profile for over 380 mln. roubles, reported the press-centre of ROSNO.

CJSC Voestalpine Arkada Profile belongs to the Austrian corporation Voestalpine AG, a leading European steel-working company with its own steel-casting capacities. Voestalpine Arkada Profile produces steel, car parts, and railway systems. Its products are mainly used for construction purposes.

The Smolensk branch has insured the company’s warehouse and all products stored thereat, such as metal sheets and profiles, as well as the equipment for metal profile production. The insurance coverage provides indemnification against the following risks: fire, lightning stroke, explosion, aircraft impact, storm and hail, flood, earthquake, soil subsidence, mudslide, landslide, damage by water from water supply, heating, sewage and similar systems; burglary, robbery, and deliberate third-party actions aimed at damaging the insured property.

The contractual insurance amount is 382,539,950 roubles.