PAO Severstal announced a new corporate division, Severstal Ventures, and subsidiary Melsonda Holding Ltd. invested in Pangaea Ventures Fund IV LP. The new division will develop venture products involved with new production technologies and materials, the company reported. The new directorate will include a business development department that will focus on business model innovations, primarily the development of downstream, new services and secondary resources processing.
Read the Whole Article in our Digital Edition