Mechel, one of the leading Russian mining and steel groups, has reported that this year it received a total of 270 equipment units, including more than 80 large-scale machines and assembly units for the revamp of its mining facilities.
Having invested approximately RUB 4 billion in acquiring new mining equipment and mechanisms this year, Mechel plans to invest RUB 8 billion on such equipment next year. This new equipment will enable the company to reduce outages caused by repairs, and to boost output at facilities in the Irkutsk region, Yakutia and Kuzbass.
“Considering steady demand and favorable price trends on commodity markets that we see over the past several quarters, it is very important for us to ensure production growth,” Oleg Korzhov, Mechel’s CEO, said.