Karelsky Okatysh purchases Komatsu loader

636
1
AK&M 12 August 2020 23:20

Karelsky okatysh has purchased a new Komatsu WA900-8R front-end loader, the company informed.

It is so far the only such front-end loader in Russia. Seven video cameras are installed all around the loader to ensure a 360° view. In addition, the vehicle features 32 LED headlights and under-hood lighting.

JSC Karelsky okatysh is operating as part of PAO Severstal. The company supplies products to a number of Russian and foreign consumers.

PAO Severstal (LSE: SVST, tax number: 3528000597) is an international mining and metallurgical company focusing on high value added products. The company has considerable experience of acquisitions and integrations of assets in North America and Europe. It also possesses mining enterprises in Russia providing the company's production assets with feed stock.

Severstal's IFRS net profit for 1H 2020 dropped by 48.7% to $463 million from $903 million a year earlier, revenue by 20% to $3.367 billion from $4.208 billion, EBITDA shrank by 25.4% to $1.056 billion from $1.416 billion.