Russian aluminum giant UC RUSAL has launched a $19.8 million rolling mill Properzi at the Kandalaksha aluminum smelter, which will produce up to 50,000 tons of value-added products, the company said in a statement on March 28. The facility will produce different types of rolled steel with diameters of 9.5-25 mm. Before the launch of…
The ChTPZ group has delivered a batch of compressor-pump pipes for the arctic oil extraction at the Prirazlomonye deposits. The unique products were manufactured at the Pervouralsk Pipe Works. The batch includes 115 tons of sulfuretted hydrogen-resistant pipes of the high strength group with premium joints ChT-VT and ChT-VC. “The special climate conditions of the…
Severstal has started producing immersion and bored piles of metal longitudinal welded pipes. Such piles are used in construction of infrastructure objects, as well as in the oil-and-gas industry. The company has already received the first order. 1.5 thousand piles will be delivered to Arcticgaz for construction of the oil pipeline. The first batch will…
The State Property Fund of Ukraine intends to sell several mines this year. 5 mines are being made ready for privatization, according to the fund chairman Igor Bilous. “There are some 5 objects. The mines to be privatized are complex and economically burdened objects. There is a special law on mine privatization. They do not…
In 2016 Yenakievo Coke and Chemical Works, a part of Metinvest, received 189.224 million UAH of net profits, up by 16.3% YoY. Its undistributed profits at the end of 2016 totaled 403.501 million UAH. The company accounts receivable increased 2.5-fold, to 3872.650 million UAH, current liabilities – by 46.3%, to 2163.738 million UAH. The works…
Evraz Sukhaya Balka is idle because of the absence of license to mine iron ore. According to sources, as of the late March, the company still has not received all the necessary documents to resume operation. In January-February the enterprise mined 413 thousand tons of sinter ore. (Ukrainian metal)
In 2016 Ingulets Mining and Processing Works, a part of Metinvest, received 69.264 million UAH of net losses as opposed to 3498.874 million UAH of losses in 2015. According to the company statement, its undistributed profits at the end of 2016 totaled 1234.407 million UAH. Last year InGOK increased its current liabilities by 15.2% YoY,…
In 2016 Interpipe Dniepropetrovsk vtormet received 126.626 million UAH of profits. According to the company statement, the price of its assets at the end of 2016 reached 991.338 million UAH, current liabilities – 807.314 million UAH and accounts receivable – 650.05 million UAH. In 2015 the company decreased its losses by 19% YoY, or by…