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Mechel sign 5 year contracts on supplies of extra size tires with Marubeni
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Thursday, 22 Nov 2012
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Mechel OAO announced the signing of 5 year contracts for supplies of extra size Bridgestone tires with Japan's Marubeni Corporation during the 10th session of the Russia and Japan Inter Government Commission on Trade and Economic Issues in Tokyo, Japan.

On the sidelines of the official visit of Russian Federation's First Deputy Prime Minister Mr Igor Shuvalov to Japan, Mechel Group's enterprises Yakutugol Holding Company OAO, Southern Kuzbass Coal Company OAO and Korshunov Mining Plant OAO signed 5 year contracts with Marubeni Corporation for the supply of Bridgestone produced off road tires for heavy duty dump trucks.

The documents were signed in the presence of Mr Shuvalov and Japanese Foreign Minister Mr Koichiro Gemba. Mechel OAO's Vice President for Commercial Activities Mr Mikhail Urvantsev and Chief Operations Officer of Marubeni Corporation's Lifestyle Division Mr Katsuhisa Yabe signed the contracts.

Mechel is the first Russian mining and steel company that Marubeni Corporation granted five-year contracts for supplies of extra large size tires. According to the contracts, over 5,000 off road tires for heavy duty dump trucks will be supplied to Mechel Group's enterprises. Marubeni Corporation is one of Japan's largest companies, which is also an authorized export dealer of Bridgestone Corporation's products.

Mr Evgeny Mikhel CEO of Mechel OAO said that "These long term contracts will help our enterprises' stable operations and improve the efficiency of production in Mechel's mining division including implementation of our key project, development of Elga Coal Complex. Signing these contracts on the sidelines of a session of the Russia to Japan Inter Government Commission on Trade and Economic Issues is a major step for the company in further developing bilateral ties with leading Japanese industrial producers which is aimed at consolidating Mechel's leading positions on the world market of metallurgical coals."

Source - Mechel OAO

(www.steelguru.com)

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