Severstal will buy transformers, produced by Siloviye mashiny – Toshiba LLC, for its Cherepovets Iron and Steel Works. Under the investment project Toshiba will produce and supply power transformers to replace outdated machinery. The company will produce 2T transformers (63 MW). The cost of the first stage, when one transformer will be replaced, is 50…
In 2016 Vysochaishy received 6.378 billion rubles of net profits, up by 26.6% YoY, or by 1.324 billion rubles. EBITDA totaled 7.857 billion rubles, revenues – 12.903 billion, up by 9.1% YoY, with 12.835 billion from gold sales 22.401 million from silver sales and 45.548 million rubles from sample handling. Last year the company produced…
In 2016 Ruspolymet net profits decreased by 40% YoY, to 303.6 million rubles, as opposed to 534.6 million rubles in 2015, down by 43%. Revenues dropped by 7%, to 7.675 billion rubles, with sales profits up by 13%, to 1.93 billion rubles. EBITDA decreased 2-fold, to 328.6 million rubles. The company accounts receivable totaled 4.958…
In April the Russian Union of Metal Products Suppliers will host a number of round tables for the metal market participants, dedicated to various segments of the ferrous and non-ferrous metals segments. In particular, in April 13-14, it will host the “Ferrous and non-ferrous metals manufacture and consumption markets in the Republic of Belarus” round…
The company Rand (Barnaul) has made a decision to sell the Aluminum Forging Works. The starting price will be 85 million rubles. The assets are divided into 4 lots, the first of which includes a building with the floor size of 102.2 square meters, and the rest is machinery and equipment. The auction will be…
Gazprombank and Asaka Bank signed a co-financing agreement to fund important investment projects, including a metallurgical plant not far from Tashkent. The plant will produce cold-rolled sheets with and without coating. The EUR 280-million project will be launched in the coming months so the plant could be put into operation in 2019. The Tashkent metallurgical…
Foreign investors plan to construct a new foundry in Lviv region. According to the press service of the Lviv regional state administration, the regional governor Oleg Sinyutka and the representatives of the investors discussed the possibility of constructing a works to produce aluminum castings. Fundicao de Evora, a joint venture of Aluthea and Schreder, will…
Odessa region witnesses 50 cargo trains on halt at the ports because of the absence of locomotives. According to the people’s deputy from the opposition Alexander Vilkul, the mining and processing works of Kriviy Rih cannot export their products. “Following the previous halt (March 20) 55 thousand tons of iron ore raw materials were not…