OAO Mechel, which has mining and steel facilities in Russia, Romania and Lithuania, is interested in the purchase of the Croatian metals enterprise because that is its core business, and the Russian company would be able to strengthen its positions in that sector if it wins the tender, said Aleksei Sotskov, head of the Mechel PR department. Zeljezara Split, which was founded in 1968, produces 185,000 metric tons of rebars. The government of Croatia currently holds 89.3% of the company’s stock.
Mechel unites producers of coal, iron ore, nickel, steel, rolled products, and hardware, and sells its products in Russia and abroad. In 2005, Mechel had US GAAP revenues of $3.80 billion, with net income of $381 million and earnings before interest, taxes, depreciation and amortization (EBITDA) of $726 million. Mechel says if it wins the tender intends to solidify its position on the Croatian reinforcing rod market. (en.rian.ru, rbcnews.com)
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