In 2018 metal industry demonstrated a profit of 689.6 million UAH as opposed to 9.8 billion UAH of losses in 2017. According to the State Statistics Service, 76.8% of enterprises received a profit of 34.5 billion UAH, with 23.2% having loses of 33.8 billion UAH. The metal industry profit constituted just 0.6% of the entire…
Yuzhniy Mining and Processing Works has repaired the technological section No. 13 of its ore-processing factory No. 2. Investments in modernization totaled 400 million UAH. All the technological sections at its 2 factories UGOK will modernize until 2022. The work started last autumn. This year it is planned to spend some 2.5 billion UAH on…
Kyshtym Electrolytic Copper Plant has received 2 first electrolytic cells for the copper foil electrolysis shop being constructed. The equipment arrived from Japan. Assembly is scheduled for Q3. Six foundation pits have been prepared for the cells in the shop, as well as the site for the foil-coating machine, which is being manufactured in Japan…
Ferrexpo AG, which owns 99.11% of the Poltava Mining and Processing Works shares, has squeezed-out shares from the minor shareholders and accumulated all the 100%. Ferrexpo announced the squeeze-out in May. The price of the shares was 34.24 UAH as opposed to their initial cost of 9.96 UAH. In 2018 PGOK increased net profit by…
Kirov Non-Ferrous Metals Processing Works will have new machinery in its rolling and press shop – a VRM-75 leveling machine. The assembly and commissioning of the machine are scheduled for Q3. The machine will allow leveling rods with the diameter of up to 75 mm at the speed of 150 meters per minute. (Ukrainian metal)
A metal structures plant will soon start operating in the Uspenskiy multi-functional park in Moscow region. The new enterprise will create 100 jobs. The total size of the plant will be 8 thousand square meters. The enterprise will produce welded structures of steel and aluminum. (Ukrainian metal)
Moscow Coke-Gas Works has put into operation a new gasholder to regulate gas pressure in its gas system. Investments in the project exceeded 117 million rubles. The stable gas pressure is important for the coke-oven battery operation. The new gasholder will prevent accidental gas emission. (Ukrainian metal)
Russian aluminum giant UC RUSAL has approved construction of a second stage of its Taishet anode plant, the company said in a statement published on June 21 on the Hong Kong Stock Exchange. The second stage’s launch is scheduled for 2023. RUSAL would need to spend about $90 million on the project in 2019. The…