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„Severstallat” invested in a new modern metal-cutting line

20. October 2014

The metal processing company Severstallat in Latvia has invested EUR 2.8 Mio. in a new modern metal-cutting line. The current investment has created 30 new jobs. The key owner of Severstallat is the Severstal Trade GmbH, which is settled in Austria.   

The joint stock company Severstallat was established in 1992 to provide forwarding services for steel products. Steel stockholding business was started in 1996. Today the company has already taken its place among main players in the Baltic region. Severstallat offers the widest range of carbon steel products: flat and long products, welded and seamless tubes and supplies special steel grades products and non-ferrous metal products. 92 % of Severstallat products are exported to 80 different countries. The largest sales markets are Russia and the EU.

2013 Severstallat has joined the Distribution Network, which includes companies located in five countries: Severstallat (Latvia), Severstallat Silesia (Poland), Severstalbel (Republic of Belarus), Severstal-Ukraine (Ukraine), TD Severstal-Invest (Russia). A new structure is called the Distribution Network of the Sales and SSC Segment of the Severstal Russian Steel division. The Distribution Network is created in order to enhance the management of the Severstal Russian Steel Division’s retail assets and to unite the efforts of five companies in the regional markets. By the end of 2014 companies name in Latvia will be changed to Severstallat Distribution Europe. 

For more information Severstallat