In 2018 Novosibirsk Iron and Steel Works named after Kuzmin received 4.45 million rubles of net profit. In 2017 the company saw a net loss exceeding 100 million rubles. Revenue went up by 41%, to 8.76 billion rubles. Sales losses totaled 162 million rubles, down by 17%. (Ukrainian metal)
Novosibirsk Iron and Steel Works intends to modernize its pipe manufacture. “In 2018-2019 we will carry out an investment project to restructure pipe manufacture and purchase a pipe mill to replace outdated machinery, improve economic efficiency and increase pipe range”, the company said. Investments are expected to total $4 million. In 2017 NMZ increased revenue…
In Q3 Novosibirsk Iron and Steel Works named after Kuzmin received 65.5 million rubles of net profit. The previous quarter ended with the net loss of 153 million rubles. In Q3 2016 the profit was 50 million rubles. In January-September NMZ losses amounted to 161.7 million rubles as opposed to 206 million rubles of net…
A fire on the territory of Novosibirsk Iron and Steel Works named after Kuzmin has been extinguished. The accident took place on August 27. The firefighters have evacuated 6 people. There have been no casualties. Furniture and employees personal belongings were on fire in the shop No. 4 basement. (Ukrainian metal)