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RM Rail and EVRAZ announce that they have entered into five-year agreements

RM Rail, one of the leading freight rolling stock manufacturers in Russia, and EVRAZ announce that they have entered into five-year agreements for supply of solid wheels and railcar building sections. Railway products manufactured by EVRAZ Nizhny Tagil Steel Plant historically ensure stable operation of Ruzkhimmash JSC (part of RM Rail).

The companies also announce that they have entered into agreement of lawsuit and ended litigation related to controversies in the execution of railway wheel supply contract concluded in 2017. The companies have withdrawn reciprocal financial claims.

“We are pleased to announce the settlement of disagreements on mutually beneficial terms and further development of cooperation with RM Rail. I am sure that EVRAZ innovative products will be helpful for our partners in producing a wide range of rail cars and will facilitate preservation of freight,” said Ilya Shirokobrod, EVRAZ Vice President, Sales and Logistics.

“Signing of the new long-term agreements between our companies is a common prospection, which implies several areas of cooperation,” said Vitaly Starikov, RM Rail General Director. – “We are focused toward joint technical development that will enable our companies to combine efforts in meeting market needs. Amicable resolution of disputes proves of a high level of partnership.”

05/17/2021 All news