Alexander Podkorytov, the ex-CEO of Yenakievo Iron and Steel Works, has been appointed the new CEO of Dneprovsky Iron and Steel Works. The previous DMK director Vyacheslav Mospan has been fired, but according to the unconfirmed information, he will remain working at the plant. DMK has been working at 25-30% capacity lately because of the…
In 2016 Kraszvetmet revenues totaled 19 billion rubles, with net profits at 432 million rubles. Sales volume remained on the 2015 level. The company shares on most of the markets showed growth in 2016: by 65% on gold, by 60% on silver and by 97% on platinum. (Ukrainian metal)
Metinvest denies information in mass media of buying Dneprovsky Iron and Steel Works, a part of the Industrial Union of Donbass. The group also reported canceling all its labor connections with employees on the uncontrolled territories, including the ex-CEO of Yenakievo Iron and Steel Works Alexander Podkorytov. “The contract with Podkorytov has not been prolonged.…
In 2016 Metinvest paid over 14.1 billion UAH of taxes to budgets of all levels. According to the company statement, despite the increase in expenses and tariffs, as well as infrastructure problems and the ongoing military activity, the group was able to keep taxes paid on the level of 2015. (Ukrainian metal)
In mid-April Rusolovo will start mining tin at its Pravourminskoye deposits in Khabarovsk krai. This year the company intends to mine 830-850 tons of tin there, last year it mined 600 tons. The Molodezhny mine yielded 70 tons of concentrate last year, its capacity being 1.5 thousand tons per year. All in all in 2017…
Within the construction of the second stage of the copper electrolysis shop at Uralelectromed, a part of UMMC, a new machine to strip copper cathodes will be put into operation. This would be the same machine as is currently operating in the first stage of the shop, but all the work will be done by…
NLMK-Sort rebar and rolled wire mill has the capacity of 1 million tons per year. The Danieli mill can produce 6-16 m rebars and 5.5-22 mm rolled wire. A part of products (some 330 thousand tons of 5.5-6.5 rolled wire) is supplied to NLMK-Metiz, the rest is sold locally or exported. In 2017 the company…
The Rovno commercial court of appeals has cancelled the ruling of the Commercial court of the Volyn region dated February 21, which initiated the bankruptcy of the state-run Volynugol. The state enterprise has been in the process of going bankrupt since March 2. The appeal on the bankruptcy ruling was filed by the Ministry of…