Tajikistan: Talco decreases output forecast

Talco has decreased the output growth forecast this year from 20% to 5% because of problems with raw materials supplies and the drop in prices. Last year the company produced 95.8 thousand tons of aluminum. China Machinery Engineering Corp. intends to finance the modernization of the works valued at $545 million. The project presupposes the…

Ukraine: Zhevago distances from Ferrexpo

Ferrexpo Plc. CEO Konstantin Zhevago has temporarily distanced himself from the office. According to the group, Zhevago will focus on settling some matters in Ukraine related to a company he owned until 2015. The board of directors has appointed Chris Mawe, CFO, the acting CEO. Zhevago, being a majority shareholder, will keep his position in…

Russia: Rusal output up in Q3 2019

In July-September Rusal produced 942 thousand tons of aluminum, up by 0.4% QoQ. Plants situated in Siberia accounted for 93% of the output. Sales grew by 0.8%, to 1091 thousand tons. In particular, sales of high-added value products increased by 3.9%, to 430 thousand tons. In January-September aluminum manufacture remained unchanged at 2809 thousand tons,…