Chelyabinsk Zinc Works has started constructing an oxygen plant with the capacity of 10 thousand cubic meters per hour. The need to construct the plant originated from 1995, but only after the works entered the Ural Mining and Metallurgical Company could it implement the project. The plant is expected to be commissioned in late 2019.…
In January-June Chelyabinsk Zinc Works received 4.226 billion rubles of net profit, up by 42% YoY. Consolidated revenue grew by 27%, to 17.97 billion rubles. Zinc and zinc alloy sales amounted to 14.946 billion rubles, up by 27%. Gross profit reached 5.6 billion rubles, up by 20%. EBITDA increased by 38%, to 5.896 billion rubles.…
Chelyabinsk Zinc Works produced a trial batch of wire made of indium alloys. The wire consists of 52% of indium and of 48% of tin. At present the company is studying the market. Trial samples of wire have been sent to prospective customers. (Ukrainian metal)
Chelyabinsk Zinc Works is carrying out a program to modernize its capacities. In particular, the specialists have started switching machinery of the rotary kiln No. 2 to rotary oxide calcination. The framework of the building has been completely reconstructed. The project will be finished in September. The total cost is 410 million rubles. (Ukrainian metal)
Chelyabinsk Zinc Works has entered another stage of the manufacture diversification program. The first trial batch of cadmium pigments has been produced. The pigments are mostly used in coating that requires chemical stability, heat- and weather-resistance. Instead of metallic cadmium ChelZinc uses cadmium electrolyte in the manufacture of pigments, thus decreasing expenses. “The volume of…
Chelyabinsk Zinc Works has held an annual shareholders meeting. It was decided not to distribute the profit of 5.4 billion rubles for 2017. Thus, dividends for 2017 will not be paid. (Ukrainian metal)
The board of directors of Chelyabinsk Zinc Works has recommended the shareholders meeting not to pay dividends for 2017. All the net profit of the company in the amount of 5.37 billion rubles has been suggested to be left undistributed. According to the company statement, the meeting will take place on June 30. In 2016…
The net profit of Russia’s Chelyabinsk Zinc Works by soared 43.8%, to 5.776 billion rubles in 2017, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 3. Revenue rose by 27%, to 38.548 billion rubles. Gross profit grew by 20.5%, to 10.757 billion rubles. (Prime/Ukrainian metal)