Mechel announces new appointments at Izhstal

The Russian mining and steel producing company Mechel has announced the appointment of Konstantin Kretov as a new managing director at its subsidiary Izhstal effective February 1, 2011.
 
Accordingly, Mr. Kretov succeeds Valery Moiseyev, who managed the plant since 1992 and who will continue to oversee the plant's operations as chairman of Izhstal's board of directors.
 
"In recent years, the plant invested much effort in boosting the production of high value-added products. Based upon 2010 operational results, Izhstal's production topped pre-crisis levels. Also, under Valery Moiseyev's leadership the company successfully implemented a full-scale project for reconstruction of steelmaking lines and continued to upgrade its rolling mills. These measures raised the company to a new level of technological sophistication," UK Mechel Steel's general director Andrei Deineko noted.