Severstal has struck a deal to buy a share in its joint venture with Linde AG. Severstal will own 26% and Linde – 74%. The JV was created in June 2017. It is expected to reach it design capacity in 2020-2021. (Ukrainian metal)
Russian holding company SDS-Ugol, a part of Siberian Business Union, plans to invest 3.3 billion rubles in development of its facilities in 2019, the authorities of the Kemerovo region said in a statement. The figure includes security spending, which will amount to more than 500 million rubles. (Prime/Ukrainian metal)
Workers of the Alaverdi Copper Smelter blocked the railway leading from Armenia to Georgia on July 1. In late April, it became known that employees of the idle plant in the city of Alaverdi would get their salaries only by the end of June. Vallex group of companies that owned the plant, made the decision.…
Ex-CEO of the Ukrainian Tobacco Company LLC Andrei Duvanov has replaced Alexander Safin in the office of the CEO of Zinc (Donetsk region). The decision was taken at the supervisory board meeting on June 27. Duvanov has been appointed from July 4 for 3 years. In 2018 Zinc received 3.983 million UAH of net profit,…
The Ministry on the issues of temporarily occupied territories and internally displaced people suggests resuming sanctions against Moldova Iron and Steel Works, situated in the Moldova-uncontrolled Transnistria. The plant has been under sanctions since 2018, but in March was excluded from the list. The main customer of MMZ, processing scrap and producing rolled metal, is…
After the processing works at the Tekhutskoye deposit resumes operation, Tekhut plans to increase employee number to 1 thousand people. According to some sources, the deposit, pledged to the Bank VTB earlier this year, which has invested $380 million in it, has been transferred to the management of the Russian Copper Company. The program to…
Dmitriy Porkovskiy has been appointed a new OMZ-Spetsstal LLC CEO. He has started working in metal industry in the sheet-rolling shop No. 3 in Kolpino. In 2014 he was appointed deputy director of the pipe manufacture division of Severstal. From June 2015 till June 2019 he has been the director of the pipe manufacture division…
The Al-Mg-Sc alloy, developed by the Institute of light alloys and techniques, has successfully passed an international registration and has been included in the international registry of deformable alloys under the 5081 grade. The new alloy could be used in various spheres, including shipbuilding and aerospace industry. The registration has been carried out according to…