The Russian court has arrested the ex-general manager of Severstal Vadim Larin in his absence on the accusation of bribing during the state checks of the company mines in Vorkuta. At present the Investigation committee of the Komi Republic has no information of his whereabouts. In early February it was believed he was in UK.…
The chairman of the government Dmitry Medvedev believes that metal structures for ski lifts at ski resorts, which are currently imported, could be produced in Russia. “We understand that the whole number of structures, including metal structures, used in lifts, we purchase abroad at high price. It’s quite possible to produce them here”, he said.…
In 2017 Electrozinc, a part of UMMC, will invest 476 million rubles (up by 19% YoY) into the repair, replacement of the old and purchase of new equipment. Maintenance repairs of 420 objects including 23 capital repairs have been scheduled this year at Electrozinc. Their cost is 340 million rubles. 136 million rubles will be…
Severstal will invest 22 billion rubles into the development of Cherepovets Iron and Steel Works and other Severstal Russian Steel assets. According to the company statement, 55% of the amount will be invested in the maintenance projects, the major of which is the reconstruction of the coking battery No. 4. The rest will be spent…
The L5-UM Larssen sheet piling produced at Evraz NTMK is used in the reconstruction of the Magadan trade seaport berths. The deliveries commenced in February. By May the works will have shipped 3 thousand tons of sheet piling to the Far East. The Larssen sheet piling is the unique product of Evraz NTMK, no other…
A new plant for the production of metalware for industrial use is planned for construction on the territory of the Free Economic Zone Angren. Memorandum on the project was signed in the framework of the Uzbek-Turkish business forum between management of the FEZ Angren and Director of DAL Teknik Makina Sanayi Ve Tigaret AnonimSirketi Gaudet…
Problems of Makmal reached the walls of the Parliament. Last week, the state of affairs at the gold mine was discussed by the parliamentarians of the committee on the fuel and energy complex and subsoil use. It was also attended by the head of Kyrgyzaltyn Almaz Alimbekov. He said that Makmal reserves were depleted. With…
Zaporozhye Titanium and Magnesium Works has ordered magnesium valued at 43.85 million UAH from Titan Ukrainy LLC. By the end of the year the company will have supplied 406 tons of MG-90 magnesium at 108 thousand UAH per ton. In August 2016 the same company sold it 28% cheaper to ZTMK – at 77.23 thousand…