The Russian Finance Ministry is considering canceling value-added tax (VAT) to help repatriate dozens of billion rubles in a move the market has been waiting for dozens of years, Deputy Minister Alexei Moiseyev declared on September 7. “The issue is only discussed, and an additional stimulus for its solution has appeared. You can already see…
Novocherkassk Electrode Works has commissioned a new pitch impregnation line. According to the company managing director Yevgeniy Churikov, this will allow decreasing the capacity of grafitized electrode manufacture 2-fold. The modern autoclaves’ pressure on pitch is 40% higher than in the existing machinery, which makes the structure of the electrodes more solid. The cost of…
In August direct deliveries of ferrous metals to railroad machine-building enterprises totaled 126.4 thousand tons. According to the railroad statistics, this was up by 23.6% YoY. In January-August deliveries grew by 25.2% YoY, to 1.2 million tons. (Ukrainian metal)
In August direct deliveries of rolled metal to companies manufacturing ferroconcrete structures and to integrated house-building factories totaled 13.5 thousand tons. According to the railroad statistics, this is down by 29.7% YoY. In 8 months railroad deliveries decreased by 33.4% YoY, to 119.4 thousand tons. (Ukrainian metal)
In August direct railroad deliveries of metal to major service metal centers specializing in metal wares manufacture (light metal structures, metal roofing, profiled sheeting, etc.) totaled 186.3 thousand tons. According to the railroad statistics, this is down by 11.8% YoY. In January-August deliveries reached 1.55 million tons, up by 3.1% YoY. (Ukrainian metal)
Kopy Goldfields AB has started operating at two prospecting project in Irkutsk and Amur regions. In June the company started prospecting at an alluvial deposit in Amur region. The work is expected to be complete in 2020-2021. So far prospecting for gold at the site has not been carried out. Under the second project Kopy…
Uralelectromed has taken a number of measures to prepare shops for the winter period. In particular, technical maintenance of the power shop machinery has been carried out: eight pumps, six boilers, two de-aerators, four filters and boiler machines. The company has also carried out a major work to thermomodernize premises, cabins of excavators, locomotives and…
In January-June ChTPZ enterprises saved 70 million rubles under the program to improve energy efficiency. The largest project to decrease energy resources consumption was the creation of the new substation. Investments totaled 220 million rubles. The economical effect will reach some 50 million rubles per year. 5 main shops have been switched to modern LED…
