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)
Chelyabinsk Zinc Works has completed the tests of obtaining indium of high purity (99.9999%). This has become possible thanks to the company-developed manufacturing technique, as well as implementation and commissioning of the vacuum inductive smelting machine. Indium consumption in the world has been quickly growing lately. Some 70% of the total indium output is used…
Chelyabinsk Zinc Works plans to finish 2018 without losses, CEO Pavel Izbrekht declared on April 4. “Concerning profit of the plant in 2018, it is too early to say, everything depends on prices on the London Metal Exchange, but we plan to work without losses,” Izbrekht said. The plant’s net profit in 2017 amounted to…
In 2019 Chelyabinsk Zinc Works intends to increase zinc output to 200 thousand tons per year. This year the output will total 188 thousand tons. In 2017 the company produced 183 thousand tons of zinc and zinc-based alloys, up by 4.7% YoY. At the same time Chelyabinsk Zinc Works intends to modernize its manufacture. In…
The net profit of Russia’s Chelyabinsk Zinc Plant rose by 35.7%, to 5.379 billion rubles in 2017, as calculated under Russian Accounting Standards (RAS), the company said in a report on March 28. Revenue rose by 26.7%, to 29.67 billion rubles, the gross profit increased by 14.2%, to 8.286 billion rubles, and cost of sales…
The zinc production of Russia’s Chelyabinsk Zinc Works grew by 4.7%, to 183,002 tons in 2017, the company said in a statement on March 27. Output of zinc and zinc concentrate by the company’s Kazakh subsidiary Nova Zinc LLC fell to 36,530 tons in 2017 from 36,718 tons in 2016, while its production of lead…
Chelyabinsk Zinc Works has started constructing a site of zinc cake flotation. The foundation has been laid, and the company is now busy assembling reservoirs and pumps. When processing zinc concentrate, zinc cake is created containing 15-25% of zinc, which is then sent for fuming in the rotary kiln. Cake also contains some 2% of…
The assembly of a huge ball mill has started in the rotary shop of Chelyabinsk Zinc Works. The 70-ton machine is used for dry milling of zinc-containing calcined rotary oxide and turning it into a homogeneous product. According to the company CEO Pavel Izbrecht, in 2018 ChTZ will spend some 400 million rubles on environment…