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Russian delegation to evaluate Smederevo mill for possible takeover
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Friday, 07 Dec 2012

A delegation of experts from Russian firm Cermet is expected to visit the state owned Smederevo steel mill in Serbia in order to analyze the state of the plant for the potential buyer UralVagonZavod. The visiting delegation is expected to remain in Smederevo until December 7th 2012.

The announcement of the visit was made by Mr Mile Gujanicic president of the Independent Trade Union of the Smederevo steelworks who highlighted that there is no guarantee of a final agreement with the Russian industrial group.

Cermet is one of the leading Russian research centers for metallurgical technology and new materials. The company performs auditing services, analytical reviews for the steel sector and market research.

The current tender for the purchase of Smederevo steel mill will expire on December 26th 2012. Meanwhile according to informal sources, UralVagonZavod aims at private negotiations with the Serbian government in order to close the deal for a symbolic figure.

UralVagonZavod is an important Russian industrial group operating in the field of military vehicles rail cars, excavators, tractors and metallurgical products.

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