Ukraine: Metinvest announces squeeze-out plans for shares

Cyprus Barlenco Ltd, affiliated with the largest Ukrainian mining and metals group Metinvest, has announced plans to use the squeeze-out right to buy shares from minority shareholders in the group of the following private joint-stock companies (PrJSCs): Inhulets Ore Mining and Processing Plant (InGOK), Pivnichny (Northern) Ore Mining and Processing Plant (SevGOK), Central Ore Mining…

Belarus: Kronospan to invest over EUR 10 million in expanding metal structures production in FEZ Mogilev

The Austrian holding company Kronospan will invest over EUR 10 million in expanding the production of metal structures in the free economic zone (FEZ) Mogilev in 2018, Kronospan representatives reported. IOOO Kronospan OSB is a resident company in FEZ Mogilev. It specializes in making oriented strand boards for civil engineering and furniture industry. The available…

Russia: Evraz borrows $300 million from Alfa-bank

Alfa-bank has provided Evraz with the loan of $300 million.

The loan has been given for 5 years, according to the bank statement.

“The borrowed funds were used to clear existing debts”, the bank noted.

The interest rate is not disclosed. (Ukrainian metal)

Kyrgyzstan: Makmal investor needs to conduct environmental assessment of plant construction

“The State Committee for Industry, Energy and Subsoil Use recommended GL Makmal Developing Company to conduct an environmental impact assessment of the project on construction of a gold recovery plant and hold public hearings,” deputy head of the committee Suyuntbek Alikeyev reported. According to him, the Chinese company Xinghai LTD developed the factory project on…

Ukraine: Interpipe NTZ shares sold

The Individual Deposits Guarantee Fund has sold 94.6 thousand shares of Interpipe Nizhnedneprovsk Pipe-rolling Works for 32.9 thousand UAH.

The Ukrainian Stock Exchange played a host to the auction of assets of Bank Forum.

As the result, Interpipe NTZ shares in the amount of 94622 were sold for 32.877 thousand UAH. (Ukrainian metal)

Armenia: aluminum foil output up in January 2018

In January Armenia produced 3151 tons of aluminum foil, up by 18.8%.

Last January aluminum foil output increased by 14.3%.

According to the National Statistics Service, in 2017 Armenia increased aluminum foil output by 14.4% YoY, to 33181 tons. While the year 2016 saw the decrease of 2.1%. (Ukrainian metal)

Russia: Altai-Koks spends 102.5 million rubles on environment protection

In 2017 Altai-Koks invested 102.5 million rubles in environment protection measures. The works carried out capital and current repairs of the air-purifying systems, coking battery oven walls and coking chamber doors, as well as pumping machinery. At present the company is reconstructing the coal preparation shop air-purification systems. As the result the air purification will…

Russia: MMK’s manufacturing records of 2017

Last year saw a number of manufacturing records at MMK. In February 2017 the 2500 hot-rolling mill produced 180 million tons of hot-rolled metal since its commissioning in 1960. Today one of the largest mills at MMK is under reconstruction, scheduled to be completed in 2020. Following the reconstruction the mill’s capacity will grow from…

Russia: new NLMK-Metiz CEO appointed

Sergey Kim has been appointed new general director of NLMK-Metiz. In his new office Kim will participate in the projects to develop the manufacturing system, improve client service and optimize business processes. The previous CEO of the company was the honorary metallurgist Fanis Khusainov. “I want to thank Fanis Khusainov for efficient work. Now NLMK-Metiz…