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Mechel Announces Completion of the Interstate Aviation Committee's Audit at Urals Stampings Plant
CHEBARKUL, Russia, September 4 /PRNewswire/ -- Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces that specialists of the Aviation Register of the Interstate Aviation Committee (AR IAC) recertified Mechel's Urals Stampings Plant subsidiary for aviation materials production. As part of the annual auditing process, the specialists reviewed Urals Stampings Plant's technological processes and tests for manufacturing materials for aviation purposes and assessed their compliance with AR IAC requirements. Following the audit results, the specialists concluded that the plant's quality management system complies with the requirements of GOST R ISO 9001-2001 standards and the plant's applied technology and their characteristics comply with the AR IAC requirements. The Urals Stampings Plant obtained its original certificate from the Interstate Aviation Committee in 2003. Urals Stampings Plant manufactures forgings and stampings from titanium alloys, corrosion-resistant and heat-resistant steel and alloys, and carbon and alloyed grades of steel for the aerospace industry. The plant produces approximately 100 various types of products. The management team at Urals Stampings Plant pays significant attention to the quality of its products regardless of their purpose and is supported by a Quality Council. The plant's quality policy is formulated and applied for improvement of the quality assurance system and support of high standards of responsibility practiced by each employee, from Managing Director to a plant worker. Concurrently, the plant's Quality and Certification Department regularly conducts internal audits of the quality system's functioning and analyzes its efficiency. Urals Stampings Plant is certified for compliance with the international standards, ISO 9002 from 1995 and ISO 9001 from 2003. In 2002, the plant obtained the license to manufacture products for export in compliance with the requirements of the Association of American Railroads. Mechel is one of the leading Russian mining and metals companies. Mechel unites producers of coal, iron ore, nickel, steel, rolled products, and hardware. Mechel products are marketed domestically and internationally. Some of the information in this press release may contain projections or other forward-looking statements regarding future events or the future financial performance of Mechel, as defined in the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. We wish to caution you that these statements are only predictions and that actual events or results may differ materially. We do not intend to update these statements. We refer you to the documents Mechel files from time to time with the U.S. Securities and Exchange Commission, including our Form 20-F. These documents contain and identify important factors, including those contained in the section captioned "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in our Form 20-F, that could cause the actual results to differ materially from those contained in our projections or forward-looking statements, including, among others, the achievement of anticipated levels of profitability, growth, cost and synergy of our recent acquisitions, the impact of competitive pricing, the ability to obtain necessary regulatory approvals and licenses, the impact of developments in the Russian economic, political and legal environment, volatility in stock markets or in the price of our shares or ADRs, financial risk management and the impact of general business and global economic conditions.






