Volgograd Iron and Steel Works Krasniy Octyabr has paid 424 million rubles of tax debts. All the debts have been cleared in full. The non-payment of taxes to the budget has been revealed during a tax service check. The major part of the debt fell on the profit tax. (Ukrainian metal)
In July Krasniy Octyabr carried out large-scale repairs on the mill-1150. The replacement of 118 bearings in roll-tables allowed decreasing the time to supply ingots, while at the same time increasing the speed of metal cutting. The repair of the soaking pits in the furnace bay significantly reduced company gas consumption. (Ukrainian metal)
Krasniy Octyabr Iron and Steel Works is constructing a new Danieli dry gas cleaning system. The construction is carried out according to the schedule. The first stage of the foundation pit creation has been complete. The concrete works have been performed in 23 hours, with 605 cubic meters of concrete laid. The next stage is…
Hundreds of Krasniy Octyabr employees stopped working and went on a strike. The reason was the news on the labor condition changes because of the FIFA World Cup. The workers were enraged by the tiny salary they would receive during the forced delay in the company operation. According to FIFA environment demands, since May 25…
Volzhsky Steel Structures Works is participating in the project on the environment modernization of the manufacturing process at the Krasniy Octyabr Iron and Steel Works. According to the VZK sales director Julia Ilchenko, the company will produce gas pipeline structures. The company is also actively cooperating with the enterprises of the fuel and energy complex,…
Since April Krasniy Octyabr Volgograd Iron and Steel Works has started receiving the billets for rerolling from Zlatoust Electrometallurgical Works. This will allow the sheet-rolling shop of VMK to quickly and in full provide for fulfilling orders. In January-February Krasniy Octyabr received some 600 tons of slabs from ZEMZ. (Ukrainian metal)
In 2017 Krasniy Octyabr produced 37.48 thousand tons of stainless steel, while Zlatoustovsky Electrometallurgical Works – 17.48 thousand tons. The combined output reached 54.96 thousand tons, up by 20% in three years. This year output is expected to grow by 5%. (Ukrainian metal)
Smart Stahl GmbH (Austria) has purchased the movable property of the Liepājas metalurgs rolling shop. But it is believed that Dmitry Gerasimenko, owner of the Volgograd-based Krasniy Octyabr (Russia) could be behind the deal. He is a full owner of the Cyprus-based Segoa Ventures Limited, which owns Smart Stahl, created in April 2017. The sum…