Russia: Izhstal sales up in 2019

In 2019 Izhstal sold some 48 thousand tons of metal products to car manufacturers, up by 11% YoY. The main customers were GAZ, UAZ, MAZ, Minsk Tractor Works and Kamaz. “The share of car manufacturers in our sales exceeds 19%. We value our partner relations with them and are prepared to enhance them”, Izhstal sales…


Russia: MMK increases efficiency of innovative activity

In 2019, the economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to 585.4 million rubles, up by 29% YoY. The importance of innovation in today’s global industry determines the need for companies to pay special attention to the development of rationalization and invention. In this regard, rationalization activities are…

Russia: Uralelectromed receives new loader

The Uralelectromed subsidiary producing polymetals received a new diesel forklift loader with the lifting capacity of 5 tons. The cost of the machine exceeds 2 million rubles. “The forklift loader conveniently operates both on open spaces and inside. The need for this machine for us is high”, the company automobile department head Vyacheslav Grekhov said.…