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1

Mass Media Overview

Severstal joins Innovation-to-Business consortium

22.07.2020 15:34

http://www.akm.ru/eng/

21/07/2020

Severstal has joined Innovation-to-Business (I2B) - Russia, a consortium currently spearheaded by major French energy company EDF (Electricite de France), the company informed.

The consortium participants will be able to share their experience in open innovations, work together on initiatives and launch innovative enterprises.

Along with with Severstal, I2B Russia includes companies such as Gazprom Neft, S7, KAMAZ, X5, MTS, SUEK, SIBUR, Alfa-Bank, Ilim group, Michelin and Etalon Group. In addition to sharing best business innovation practices and discussing the relevance of startups to the Russian market, the participants will be able to develop joint products, launch pilot projects, and jointly invest in startups.

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.

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