Ukraine: InGOK to improve rock transportation

Ingulets Mining and Processing Works has repaired the electric locomotive OPE1-AM No. 33. According to the company CEO Alexander Gerasimchuk, the locomotive was repaired at the Tbilisi Locomotive-building Pant (Georgia). Now the engineers are assembling the roof equipment. Soon the locomotive will resume operation. “This will allow us not only to increase the rock transportation…

Kazakhstan: metal prices up in May 2018

The prices of enterprises manufacturing industrial products, as well as providing production services, in Kazakhstan increased by 2.6% MoM in May and by 5% compared to December 2017, the Committee on Statistics of the Kazakh National Economy Ministry reported. Since the beginning of the year, producer prices in the manufacturing industry have increased by 3.5%…

Ukraine: DTEK swallows Corum

One of the largest machine-building holdings of Ukraine – Corum, owned by Rinat Akhmetov, has merged with DTEK Energo. Now it is another energy holding business direction. Last year DTEK announced the purchase of two works – Svet Shakhtera and Corum Druzhkovka Machine-building Works, as well as a small manufacturing site of Mining Machines. All…

Russia: VSMPO-Avisma exports to EU up in 2017

In 2017 VSMPO-Avisma share of exports to Europe increased to 47%. The corporation revenue dropped because of the ruble strengthening, to 72.4 billion rubles. Net profit reached 19.1 billion rubles, and EBITDA – 29.1 billion rubles. Titanium sales grew by 14%, to 28.8 thousand tons. Exports growth totaled 26%, with European countries accounting for 47%,…