OREANDA-NEWS.On January 31, 2008 a joint meeting of the management of Group of Companies ESTAR and REMZ, LLC took place. The agenda included assignment of control over buildings and constructions of the first turn starting complex of REMZ, LLC to be utilized according to its end use purpose. The participants of the meeting were Vadim Varshavsky,  the deputy of the State Duma of the Russian Federation, Andrey Mishin, President of Group of Companies ESTAR, Vladimir Kudryashov, Chairman of the Board of Directors of REMZ, LLC as well as the executives of the Management Company ESTAR and REMZ, LLC.

Deed of assignment of REMZ, LLC to Management Company ESTAR is signed by Vladimir Kudryashov,  Chairman of Board of Directors of REMZ, LLC, and Andrey Mishin, President of Group of Companies ESTAR. The parties also discussed technical issues related to the completion of construction of the first turn starting complex objects.

REMZ performed the first smelting on December 17, 2007, and on January 25, 2008, proceeded with serial smelting. Today, REMZ produces continuous cast square billet. In IV quarter of 2008, after the second turn starting (installation of the rolling mill), the range of products will be widened to include rebars and wire rods.