Ukraine: AzovElectroStal reelects CEO

AzovElectroStal has reelected Alexei Popov the general manager of the company. According to the company statement, his office has been prolonged from July 14 for a year. On July 9, AzovElectroStal has dismissed Yuri Serdyuk from the office of the general manager. Previously Popov worked as the finance director deputy, chief economist of Azovmash. In…

AzovElectroStal increases output in 2010

It is reported that AzovElectroStal, a Ukrainian steel maker affiliated with Azovmash, increased output by 2.4 times YoY in 2010. Company also plans further expansion in 2011.According to a Millennium Capital analyst, “We consider the news as positive for Mariupol Heavy Machinery controlled by Azovmash. Earlier the latter announced plans to increase output of freight…