The Ukrainian Metal

Russia: Kuzbassrazrezugol to increase investments in 2018

This year Kuzbassrazrezugol will spend over 16 billion rubles on the development of its manufacturing capacities, as well as social programs in the Kemerovo region.

Last year the company invested 15.6 billion rubles, including 14.6 billion rubles in development, and 311.5 million rubles in state and regional social programs.

This year industrial investments will grow by 4%, to 15.2 billion rubles. Half of them will be spent to buy quarry machines – 63 BelAZ dump trucks. The company will also buy 2 excavators.

Railroad infrastructure development will see 468 million rubles of investments.

Social programs financing will grow from 226 million rubles to 271 million rubles. (Ukrainian metal)

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