SeverStal buys Neva-Metal and Neva Metal Trans for $100 million

SeverStal announced that it has acquired cargo company Neva-Metal and freight forwarding company Neva Metal Trans for US$100 million (Neva Metal company for US$ 98,698 million and Neva Metal Trans for US$ 1,308 million) in a move designed to set up an independent export-logistics operation and to strengthen its position in export markets for future growth. Traditionally the port of St Petersburg, in which

Neva Metal company and Neva Metal Trans company operate, is the main port for OAO SeverStal’s export to the USA and Europe.

Established in 1995 in the port of St Petersburg, Neva-Metal specialises in the handling, storage and shipment of export cargoes for Russian manufacturers.

Neva-Metal operates four berths for handling vessels and 11 gantry cranes with a load capacity ranging from 20 to 40 tons. It employs over 450 people and has storage facilities covering 70,000 square metres, of which some 11,500 square metres is enclosed warehousing. Its network of railway lines and sidings can accommodate up to 200 railcars simultaneously.

On an annual basis, Neva-Metal can handle 2,5 million tons via its quay cranes and up to three million tons in its storage facilities. The storage facilities can hold up to 250 tons of production.

The main field of operations of Neva-Metal Trans is freight forwarding of different types of cargoes at the port of St Petersburg. Neva-Metal Trans is an exclusive forwarding agent of Neva-Metal.