Metinvest Eurasia, the wholesale and retail sales channel of Ukraine-headquartered mining and steel group Metinvest in the Russian Federation, has announced that it has purchased a 85.21 percent stake in Belgorodmetallosnab, a large warehouse complex and steel products transshipment center in Belgorod, Russia, The purchase is part of Metinvest Eurasia's implementation of its strategy for the development of its own distribution center in the Russian market.
Metinvest Eurasia currently ships products to Russian customers from over 30 warehouses and steel product centers in Central, South, North Caucasus, Northwestern and Volga federal districts, and aims to establish its own storage yards in target regions of Russia in order to improve customer service and optimize shipments of goods.
Founded in 1954, Belgorodmetallosnab has a storage capacity of up to 50,000 mt of steel products. It possesses around 30,000 m2 of open and covered storage areas.