Primstroitel Company has received the status of resident of the Free port and intends to construct a metal wares plant in Vladivostok. Investments will total 335 million rubles. This will be the first metal wares plant on the Far East. The project will be carried out in several stages. Manufacture will commence in 2022. The…
Kamsky Iron and Steel Works TEMPO intends to produce 30 thousand tons of rebars in May. The manufacturing plan for April is 25 thousand tons. According to the company commercial director Radik Sharifullin, in autumn the works will reach the level of 40 thousand tons. The company key sales markets are Central Federal District and…
In 2016 Interpipe Nizhnedneprovsk Pipe Works decreased net income by 11.6% YoY, to 5052.242 million UAH. The works net losses increased by 40.3%, to 1136.428 million UAH. Last year Interpipe NTZ produced 100.993 thousand tons of seamless pipes (96.994 thousand tons in 2015), 43.297 thousand tons of casing pipes (57.072 thousand tons), as well as…
The Severniy Mining and Processing Works shareholders decided to spend half of 3.6 billion UAH of net profit, received in 2016, on dividends (1.8 billion UAH). The rest will become undistributed profit. The company current liabilities last year increased by 58.2%, to 5.9 billion UAH, and fixed – by 11.9%, to 2.2 billion UAH, with…
In 2016 Sibir-Polymetally, a part of UMMC, decreased capital investments 3.6-fold YoY, to 1.08 billion rubles. According to the company statement, new equipment was purchased for 108.7 million rubles, and capital repairs saw the investments of 550.1 million rubles. Last year the company received 205.833 million rubles of net losses as opposed to 97.814 million…
The Federal Customs Service has put Chelyabinsk Zinc Works in the low risk category. The customs control of products exported from or purchased by ChelZinc will be carried out not in full volume. “The main advantage of this registry is the saving of time when products move through the customs border of Russia. This is…
Last year’s blackout has reportedly cost the Tajik Aluminum Company (TALCO) more than $8 million. Over the first two months of this year, Tajik aluminum smelter has reduced aluminum production by 36.3% YoY, according to the Ministry of Industry and New Technologies (MoINT). In January-February, TALCO produced only 16,300 tons of primary aluminum, down by…
In January-February Russia imported 78.1 thousand tons of ferrous scrap from Kazakhstan, up 2.4-fold. This is also the highest result for the last several years. Chelyabinsk region imported 46% of Kazakh scrap, Krasnoyarsk krai – 32%, and Saint Petersburg – 8%. (Ukrainian metal)