Russia: Metalloinvest to invest 1.7 billion rubles in Belgorod region development

Metalloinvest has signed a program of social and economic partnership with the government of Belgorod region for 2020. The volume of the program will exceed 8.55 billion rubles, and Metalloinvest will contribute 1.7 billion rubles. Metalloinvest is the city-forming company of Starooskol and Gubkinskaya agglomerations, accounting for a third of the region population. The money…

Russia: Metalloinvest and ChelPipe Group continue collaboration to improve product quality

Metalloinvest and ChelPipe Group held their 36th Coordination Council meeting at the Chelyabinsk Pipe Rolling Plant (a part of ChelPipe Group). Experts from the two companies discussed production and commercial issues, outlined further steps in their cooperation strategy around product quality improvement and highlighted the positive impact of the modernization of equipment at the Sheet…

Russia: Metalloinvest announces first ECA-backed financing deal under existing framework agreement

Metalloinvest has signed an agreement with MUFG for ECA-backed financing in the amount of EUR 9.9 million. The loan will be used for the technical re-equipping of CCM-3 at OEMK, with the equipment supplied by Inteco melting and casting technologies GmbH. Insurance cover will be provided by Oesterreichische Kontrollbank AG, the Austrian export credit agency.…