Mechel `` ANNOUNCES CHANGE YOUR Full company name.
Mechel (NYSE: MTL) announced the change of its full corporate name to Open Joint Stock Company Mechel.
As the general director of JSC Mechel Vladimir Iorih, we are pleased that it is now in the name of the company to better reflect the vertical integration and the historical roots of Mechel.
The structure of Mechel integrating two major business segments: mining and steel, so it is logical, according Ioriha, remove from the name of the word, emphasizing the importance of only one of them.
Mining has always been and continues to be the backbone of the company, and the recent acquisition of a significant number of new license areas develop coking coal, as well as reliable results for the mining segment in 2004, emphasize its importance for us, said Iorih.
