In 2016 KVV Liepajas metalurgs received 26.145 million euro of net losses, up from 8.366 million in 2015. The company income was 14.163 million euro against 69.356 million euro in 2015. The company stopped manufacture in 2013. In 2014 it was sold to Ukrainian investors, who resumed operation in 2015. But in September 2016 the…
ArcelorMittal has approved of several investment projects at ArcelorMittal Temirtau. In particular the company wants to construct a new air-separation block, assemble a ladle furnace No. 3 and new hydrogen electrolysis cells, etc. The total cost of the projects is $150 million. The projects will allow AMT to increase work efficiency, improve product quality and…
In January-July Azerbaijan obtained 3605 kg of gold, up 3.2-fold YoY. According to the State Statistics Committee, in July gold output totaled 480.2 kg. In 2016 Azerbaijan obtained 1894.1 kg of gold, down by 15% YoY. (Ukrainian metal)
In January-July Chukotka Autonomous District mined 257.68 thousand tons of coal, down by 23% YoY. In particular Beringpromugol mined 130.5 thousand tons of coal at the Fandyushkinskoye Pole deposits. (Ukrainian metal)
Trubodetal, a part of OMK, has passed the certification audit of the quality management system for the correspondence to Gazprom 9001-2012 requirements. The auditors have studied the documents and technological instructions, visited shops and other divisions. The results of the audit confirmed that the Trubodetal QMS corresponded to the Gazprom requirements and improved. (Ukrainian metal)
In August Togliatti Pipe and Section Works increased the range of its round electric-welded pipes with new diameter of 57, 76 and 89 mm and new wall thickness of 3-4 mm. Such pipes are used in construction and manufacture of metal structures, as well as furniture. The company produces pipes according to GOST 13663-86, GOST…
Under the bankruptcy procedure the assets of Armavir Electrometallurgical Works LLC will be sold at an auction. In particular, a site for steel manufacture will be sold. The construction of the works has been carried out by the Industrial Union of Donbass since 2007. Investments were expected to hit 9 billion rubles, but the project…
The Central Mining and Processing Works has purchased two Komatsu bulldozers valued at over 40 million UAH. The new machines have already started operating at the Gleevatsky quarry. According to the company CEO Dmitry Shevchik, investment program for 2017 is 1.3 billion UAH, the largest in the past 5 years. “We invest into modernization of…
