In 2018 Electrozinc received 85.4 billion rubles of net losses as opposed to 197.7 million rubles of net profit in 2017. At the same time in 2015 and 2016 the works also saw losses – 895 million rubles and 9 million rubles respectively. Revenue last year dropped by 8% YoY, to 4.54 billion rubles. Sales…
In 2018 Revda Non-Ferrous Metals Processing Works received 170.3 million rubles of net losses, up from 10.8 million rubles in 2017. The company revenue grew by 1%, to 3.47 billion rubles. Sales profit was negative, with losses at 28 million rubles, as opposed to the profit of 50 million rubles in 2017. (Ukrainian metal)
It has been three years since the commissioning of the polymer-coating unit No. 5 at the Lysvensky Metallurgical Plant, which currently manufactures products with decorative designs under the SteelArt brand. These products consist of a metal base with a three-layer polymer coating, which accurately imitates the look and feel of natural materials such as stone,…
NLMK Group announces the start of the third stage of its annual Steel Tree grant programme, which offers funding for environmental projects, landscaping and welfare improvement initiatives. In 2019, company employees in all major home regions in Russia will have an opportunity to compete for grants. The programme was launched in early 2017 and enabled…
Russian aluminum giant Rusal has resumed supplies to the U.S. market and aims to win back customers it lost due to sanctions by about September when the industry seals supply contracts for 2020, its chief executive Evgenii Nikitin said. Last autumn, Rusal, the world’s largest aluminum producer outside China, missed the traditional window for contracting…
The economic effect from introducing cost-saving measures in the Belarusian steel mill BMZ totaled $118.6 million in 2018 or over 9% of the prime cost of the products the company makes. The figures were mentioned by the company’s Director General Anatoly Savenok at a performance review conference of the company’s trade union. According to the…
Kazakh hardware production plant Kaz-Metiz plans to increase production and sales by 50% YoY in 2019. In 2018, Kaz-Metiz increased its high carbon steel products output by 14.5%, to 23,923 tons (20,887 tons in 2017). “40% of the products are exported to Kyrgyzstan, Uzbekistan and Russia. We plan to expand the geography of exports to…
In March, Ukraine produced almost 2.7 million tons of coal, up by 4% from the target, the Coal Miners Union of Ukraine reported with a reference to the data provided by the Energy and Coal Industry Ministry. “In March, coal mining enterprises of Ukraine of all forms of ownership produced 2,663,396 tons of coal. The…