Special steel producer
Mechel Targoviste, Romanian subsidiary of Russian mining and metals company
Mechel, intends to increase its capital share by at least $10.6 million through a cash contribution from the company's shareholders.
The money, raised through the capital increase, is to be used for
investments in modernization of the equipment and in environment projects.
The modernization investment will amount to about $7.3 million while
investments into environment projects will be about $3 million.