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Russian Evraz to pour US$6 billion investments for next four years
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It’s reported that Evraz, the largest steel producer in Russia planned to pour US$6 million of capital spending for the next four years, aiming to meet the rising global demand for railways and pipelines, especially in North America.
Also, the firm said that it was targeting to reach EBIDTA of US$5 billion in 2016, in comparison of US$2.9 billion in 2011.
Earlier, Evraz approved a dividend of US$0.17 per ordinary share for year 2011 and it would maintain a balance between investment and the payment of dividends.
News Date
6/20/2012 1:31:43 PM
reported by
Tracy Niu
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