12th Nov 2013 10:25
LONDON (Alliance News) - Evraz PLC Tuesday said it will start the first mass production of head-hardened rail lines in Russia after getting a license to do so.
It said it will produce the rails mainly for Russian Railways, but it also expects to export some of the rails.
Evraz claims its hardening process improves the durability of the rails substantially and reduces railway maintenance costs, as well as ensuring better safety and speed.
Evraz shares were down 32% at 120.28 pence Tuesday morning.
By Steve McGrath; [email protected]; @SteveMcGrath1
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