Metinvest decided to liquidate Donetskkoks, situated in Ukraine-uncontrolled territory, as a legal entity. According to the official statement, the issues of the company liquidation and the creation of the liquidation committee are on the agenda of the annual shareholders meeting to be held on March 29. In 2017 Donetskkoks decreased net loss 11.5-fold YoY, to…
NLMK Group is launching an electronic voting (e-voting) service for its shareholders. The company will hold the first electronic vote in its history during the Extraordinary General Meeting of Shareholders on March 12, for voting on its new CEO (Chairman of the Management Board). The e-voting service offers shareholders a more convenient method for casting…
In 2017 Russia exported 1.45 million tons of steel to Belarus, up by 22.6% YoY. According to the customs statistics, revenue grew by 47.7%. These are the highest results since 2014. Flat rolled metal accounts for 46.6% of the exports, up by 19.6% (revenue grew by 45.6%). Bars and sections share totaled 34% (up by…
Orel Steel Works has opened a fasteners warehouse after reconstruction. The cost of the project was 20 million rubles. In summer the company will commission its third thermo-hardening machine. Investments will total 133 million rubles. Orel Works fasteners are used in major construction projects, for example, grand stands of Yekaterinburg-Arena. (Ukrainian metal)
Alexandra Buriko has been appointed CEO of Rusal. Previously she served as the CFO. The ex-CEO Vladislav Soloviev has been appointed EN+ CEO, as well as Rusal president. Buriko has been CFO since October 2013. Her key priorities in the new office will be Rusal development through improving efficiency, implementing new environment-friendly techniques, increasing the…
In 2017 Energoprom – Chelyabinsk Electrode Works manufactured 70 thousand tons of goods, up by 40% from the target. The main products – anode blocks – saw the largest plan overfulfillment – by 10 thousand tons. “The plan overfulfillment was provided for by the efficient management of manufacturing processes and repair programs. We also paid…
Sergey Goman has been appointed Zaporozhogneupor CEO. He has previously worked as the technologies and quality director at Zaporizhstal. In his new office Goman will continue investment projects aimed at improving product quality, service level and expanding the product mix. Victor Busko, who has been the CEO of Zaporozhogneupor since 2012, will continue his carrier…
The Russian presidential administration is watching the development of a conflict between the shareholders of metals producer Norilsk Nickel, spokesman Dmitry Peskov declared on February 26. “Bearing in mind the size and the importance, the social importance, the economic importance of the company, the Kremlin is of course watching how the management situation is unfolding,”…