Gazpromtrubinvest intends to enter the new segments of the market, where the pipes, which cannot be welded, are used. Thus the company will build a seamless pipe manufacture. A three-roll technology will be used to reach the precision of the welded products. After the construction is complete, GPTI will have a unique manufacturing complex to…
Magnesit Group has begun an active stage of a major investment project realization – the construction of the fused magnesia manufacture. The company has signed an agreement with Sinosteel, China. The construction at the Satka manufacturing site of the group in Chelyabinsk region will commence in autumn. The company will build a plant with the…
Evraz (Russia) has entered into an agreement to sell its PJSC Evraz Sukhaya Balka iron ore mining and beneficiation plant in Ukraine to a firm belonging to Oleksandr Yaroslavsky’s DCH Group for $110 million excluding the debt, Evraz said in a statement. “Berklemond Investments Ltd, a part of Oleksandr Yaroslavsky’s DCH Group, has acquired Evraz…
The first cargo ship loaded with deficient anthracite coal arrived in Ukraine from the Republic of South Africa, the press service of Rinat Akhmetov’s DTEK wrote on Facebook. “Our first ship with South African coal arrived in Ukraine. We will shortly begin shipping the scarce anthracite to the warehouses of our thermal power plants,” the…
Since the beginning of the year the Electrocable Kolchugino Works (EKZ) shop No. 3 has produced 1.5 billion rubles worth of power cables, up by 9% YoY. The growth is explained by the massive overhaul began in 2016. “We have serious goals. In the next couple of years we plan to invest over 1 billion…
OMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…
Rusal Holding has attracted the loan for pre-export financing for $1.7 billion. According to the company statement the conditions are 3 months LIBOR +3% interest, 5 years. The goal of the loan is to refinance the current debt. In Q1 Rusal net profits increased by 48% YoY, to $187 million. (Ukrainian metal)
Ukraine has to officially inform WTO of the intention to prolong the 30-euro per ton duty on ferrous scrap for 2 years and hold corresponding consultations. “The government has to work for industry, while trade diplomacy – for Ukrainian manufacture interests and economy. Such notification is highly important, so that our foreign partners understand us”,…