Severstal will begin deliveries of automotive steel for Volkswagen

"Severstal", creating four years ago, a joint venture with the Spanish Gestamp, which Volkswagen won the tender for the supply of forged parts for the automaker’s plant in Kaluga, hoping for it to become the exclusive supplier of steel. However, to achieve this, companies Mordashov managed just now.

As told RBC daily in the "Severstal", this year the company will begin supplying automobile body sheet on the Kaluga plant Volkswagen. It is planned that the steel company will do so through its partner — the Spanish Gestamp. "Cherepovets Iron and Steel Works (CherMK) has received approval to supply metal for the manufacture of parts of the chassis, suspension and bumper car brand VW Polo Sedan», — told RBC daily, the representative of "Severstal".

Now Kaluga enterprise Volkswagen delivered with a body stamping facility Gespamp-Severstal. Previously, the "Severstal" no accreditation of German company, and automobile body sheet supplied by foreign suppliers. Now, according to a metallurgical company "Severstal" will be the exclusive supplier of steel for German cars assembled in Russia. "Production CherMK will also be used for the production of car parts VW Tiguan, Skoda Octavia and Skoda Fabia», — said RBC daily. According to him, this year the company plans to deliver about 7.6 tons of automotive steel.

In addition, "Severstal" has signed a long-term agreement to supply rolling by the Korean automaker Hyundai. "Under the new agreement will more than double the volume of deliveries to Hyundai compared to the year 2011", — told RBC daily, a source familiar with the details of the transaction. According to the source, the Cherepovets Metallurgical Plant automobile body sheet is used for the manufacture of body parts models Hyundai Solaris, Hyundai Solaris HB, Kia Rio. Also, "Severstal" has extended an agreement with Renault, car assembly which is held at the Moscow plant "Autoframos."

According to the analyst Rye, Man & Gor Securities Andrew Tretelnikova, this collaboration can positively affect the performance of partners. "In principle, the price of steel in the world is the same, but there can play a big role optimization of transportation costs. Earlier sheet quality Russian manufacturer Volkswagen did not like, and now "Severstal" has achieved good performance and won the right to supply, "- says the expert.
Read full article: http://www.rbcdaily.ru/2012/03/30/industry/562949983401326

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