Steelmaker Evraz is teaming up with Germany's GHH-Valdunes in a joint marketing and distribution deal, the company said Monday.
The two companies are expected to sign a final cooperation agreement by the end of the year, the statement said.
"We welcome this opportunity to collaborate with GHH-Valdunes and thereby expand our product offering and geographic coverage in the promising international market for railway wheels," said Ilya Shirokobrod, head of Evraz's railway division.
"It is an attempt by Evraz to team up with someone who is ready to share its high-tech solutions," Valentina Bogomolova, an analyst from UralSib brokerage, said.
(Reuters)
Related articles:
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
