ChTPZ will buy 49.813% of shares in Eterno LLC for 5.3 billion rubles from Mountrise Limited. According to the company statement, the shares have to be paid for not later than on November 1. The deal was concluded on September 10. Eterno LLC is the joint project of ChTPZ and Rosnano to produce joint parts…
Ukraine can easily solve the problem of Crimean Titanium and the environment catastrophe, which the Russian occupants have created in the town of Armyansk. For this the plant has to stop operation. “The only raw material that the company needs is ilmenite. The ore containing titanium is mined in Ukraine, and then from Odessa is…
Eastern Mining Company and Marubeni Corporation (Japan) have signed a memorandum of understanding on cooperation. The companies will be developing the loading and warehouse infrastructure of the main EMC logistics hub – the coal seaport of Primorsk. EMC investment program until 2022 presupposes the development of manufacturing capacity to 20 million tons. This year the…
The Trading House MMK LLC intends to sell 250 thousand tons of metal in Kazakhstan in 2018. Kazakhstan has become the first country where a foreign office of the company opened due both to the proximity to MMK and the developing economy of the region with high metal consumption. The first office was opened in…
In 2018 the titanium manufacture of Chepets Mechanical Works turns 10. The company has mastered the manufacture of 300 types of products of titanium and alloys under the program of import substitution. In particular, it can produce capillary, ribbed and extremely thin-walled seamless pipes, as well as pipes with spiral ribs for reactor machinery on…
Yakutugol is commissioning new machinery at its Neryungrinskaya processing factory. The company has acquired a Magnis separator and Warman sludge pumps. The cost of the new machinery is 12 million rubles. The factory operates 65 pumps and 36 separators. (Ukrainian metal)
Chelyabinsk Iron and Steel Works has received a certificate for the manufacture of rails for railroads with the speed of 250 km per hour. The first deliveries are scheduled for October. The quality of rails has been evaluated in several stages. “From October we will start supplying rails to the Russian Railways. They will be…
Severstal, Rosnano and Windar Renovables S.L. (Spain) have concluded an agreement on the creation of a joint enterprise Bashni VRS to produce steel towers for wind power turbines. They will be produced in Rostov region. Initial investments in the project will reach 750 million rubles. The share of Severstal will be 24.5%. The group will…