PJSC Mechel: Mechel Launches New Wire-Drawing Equipment

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Jul 18, 2022

BELORETSK, RUSSIA / ACCESSWIRE / July 18, 2022 / Mechel PAO (NYSE:MTL, MOEX:MTLR), a leading Russian mining and metals company, announces the launch of eight draw benches used to produce wire at its Beloretsk Metallurgical Plant. The equipment worth over 500 million rubles has been acquired as part of the upgrade program for the plant's wire and cable facility. The plant has installed a total of 12 new high-performance benches. Investment in the project totals 1.5 billion rubles.