Novosibirsk Tin Works LLC has received a loan of 172 million rubles from MSP Bank with the interest rate of 9.6%. With the loan the company was able to purchase raw materials, components, spare parts etc. The financial aid helped the company to increase output, provide the growing demand with metal and confirm its status…
A new warehouse of Severstal Distribution was opened in Electrougli, Moscow region in February. At the same time, the warehouse in Lobnya was closed. The open and covered warehouses of the new site are considerably larger than the previous ones. The availability of 16-ton cranes allows handling bulk products (hot-rolled coils or large-diameter pipes). “We…
In January the gold-ore company Pavlik mined 550 kg of gold at the Pavlik deposits in Magadan region. According to the prospecting director Victor Troitskiy, the gold-extracting factory capacity is 8 tons of gold per year. In 2017 it produced 6.5 tons of gold. As the factory is already operating at full capacity, this year…
In February Kirov Non-Ferrous Metals Processing Works has started manufacturing a new import-replacing product – cold-rolled copper plates. They are used in ferrous metallurgy when producing crystallizers and are mostly imported from Europe. The company plate-straightening machine EZW43Q-90*1300 provides for straightening of sheets and plates with the thickness of 20-90 mm, while the band saw…
Kyshtym Electrolytic Copper Plant has finished assembling two rows of baths (40 baths each) in the copper electrolyses shop. The final stage of the modernization project was the assembly of power network. To connect the new baths to the grid the whole manufacturing process had to be suspended for 10 hours. In April the company…
In 2017 thanks to the energy efficiency improvement program VIZ-Stal decreased specific power intensity of transformer steel manufacture by 4.3%, to 7.63 Gcal per ton. In the past 5 years this parameter has decreased by 18%. Implementation of new techniques, replacement of outdated machinery, projects of resources saving and manufacturing processes optimization allowed the company…
Private limited company Metinvest B. V. has increased its share in Avdiivka Coke and Chemical Works from 87.7581% to 94.6003%. The company bought the shares on the secondary market. The Metinvest B. V. share in the voting shares of the company totaled 95.1176%. The Avdiivka Works charter capital is 485.75 million UAH. (Ukrainian metal)
In 2017 Mechel increased its net loss 1.9-fold YoY, to 15.2 billion rubles. According to the company statement, its revenue decreased 2.1-fold, to 5.99 billion rubles, gross profit dropped 4.1-fold, to 3.05 billion rubles, and sales profit – 7.3-fold, to 1.5 billion rubles. Other income grew 2-fold, to 15.3 billion rubles. The company fixed liabilities…
