18 March 202009:14
EVRAZ to Make Rail Wheels in Titanium Valley
UrBC, Yekaterinburg, March 18, 2020. EVRAZ Holding is planning on setting up a new rail wheel production facility in Titanium Valley Special Economic Zone in Sverdlovsk Region, EVRAZ Holding Ural’s Corporate Communications Center reports. ‘OOO Allegro, a joint venture run by EVRAZ and OOO Rail Service (a holding that owns a railcar-repair business), will be in charge of both the construction and the management of the wheel production facility. The project is estimated to require RUB 16 billion in investments. The new facility will be making 200,000 rail wheels a year (and up to 300,000 wheels