Russia: MidUral Group shuts down for scheduled repair

MidUral Group is shutting down its operation for a scheduled and preventive repair a month earlier. Klyuchevsky Ferroalloys Works and Russkiy Chrome 1915 simultaneously stopped manufacturing chromium oxide, chromium anhydride, metallic chromium, ferrochromium and other ferroalloys on August 19. The repair, which started earlier than planned, will last for some three weeks. According to the…

Russia: MidUral Group revenue up in 2016

In 2016 MidUral Group revenue increased by 13% YoY, to 8.3 billion rubles. Profit before taxation was 373.3 million rubles as opposed to losses in 2015. The net debt as of December 31, 2016 decreased by 20.2%. MidUral Group comprises Klyuchevsky Ferroalloys Works, Russkiy Chrome 1915, Klyuchevskaya Processing Factory (all in Russia), Dirox S.A. (Uruguay),…