Ukraine: LBS participants visit Zaporizhstal

Representatives of the world leaders in IT, sales, consulting and oil industries, studying at the London Business School, have visited Zaporizhstal. The company CEO Rostislav Shurma presented the environment modernization of the works. The guests have visited the central control room, and took a look at the new pickling line in the cold-rolling shop No.…

Russia: Dmitriy Kolomytsyn appointed NLMK Group Director, IR & Capital Markets

NLMK Group, a global steel company, has appointed Dmitriy Kolomytsyn Director, IR & Capital Markets. Kolomytsyn previously held the position of Head of Corporate Development. Sergey Takhiev, who previously headed NLMK Group’s Investor Relations, has decided to continue his professional growth in another company. Dmitriy Kolomytsyn joined NLMK Group in 2016. As Head of Corporate…

Russia: NLMK replacing locomotives

Novolipetsk Iron and Steel Works has started the program to replace the locomotive fleet, under which the company has already received 3 new TEM9 locomotives. Such machines have not previously been used by the company. They will replace the outdated TEM1 locomotives. In the next 5 years NLMK railroad fleet will get 27 new locomotives,…

Ukraine: Cabinet to send women to mines

The Cabinet of Ministers asks the Verkhovnaya Rada to cancel the prohibition for women to work in harmful conditions and underground. The corresponding decision was taken at the government meeting on May 10. In particular, it was suggested to eliminated a certain clause in the Labor Code and denounce the International Labor Organization convention on…

Ukraine: AMKR to get Sumy pumps

Sumy Machine-Building Scientific Enterprise has produced liquid-packet ring pumps for ArcelorMittal Kriviy Rih.

The capacity of the pumps is 300 cubic meters per second.

AMKR will receive 3 pumps.

The weight of each machine is 13 tons. (Ukrainian metal)

Russia: RUSAL revenue up in Q1 2018

The revenue of the Russian aluminum giant UC RUSAL rose by 19.5% YoY, to $2.744 billion in January-March, the company said on May 11. Adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) grew by 20.4%, to $572 million. RUSAL also said that its previous forecasts for its operations were already irrelevant due to the…