Mechel-Steel, a subsidiary of the Russian metals and mining company Mechel, and Kyrgyzstan’s state railway company Kyrgyz Temir Zholy have signed a letter of intent to expand cooperation, Mechel said in a statement.
The letter stipulates that the companies will develop system-wide cooperation aimed at exchanges of information on products, and on supplies of rolled metal products, including wide-track rails, the company said.
“We are interested in developing partner ties and expanding the market for our rails. We sincerely hope that signing this protocol of intent will start a long-term and mutually beneficial cooperation with Kyrgyz Temir Zholy,” the company said quoting Mechel-Steel’s CEO Andrei Ponomaryov. (Prime/Ukrainian metal)