Russia: UEM net profit down in Q3 2017

In Q3 the net profit of Uralelectromed decreased 5-fold YoY, to 588.9 million rubles. In Q3 2016 the company net profit was 2.97 billion rubles. UEM revenue increased from 21.4 billion rubles to 26.2 billion rubles, while sales prime cost grew from 16.4 billion to 21.6 billion rubles. In 2016 Uralelectromed decreased net profit from…

Russia: UEM silvered output up

Uralelectromed increased copper powder wares with silver coating by 15% YoY in January-September. By the end of the year the company intends to have produced 70 tons of such powders. According to the marketing department director Andrei Senkov, output increase is the result of the favorable local market situation (as the company mostly sells locally)…

Russia: UEM repairs anode-baking furnace

The anode-baking furnace No. 2 at the copper-smelting shop of Uralelectromed has been repaired.

It took a month to repair the furnace.

The furnace capacity is 350 tons of anode copper per smelting. (Ukrainian metal)

Russia: UEM copper sulfate output up in January-August 2017

In January-August Uralelectromed produced 31 thousand tons of copper sulfate, up 1.6-fold YoY.

The output increase has to do with the favorable market situation, flexible marketing policy of the company and the constant replacement of equipment.

Some 70% of its copper sulfate the company exports to Europe. (Ukrainian metal)

Russia: UEM modernizing equipment

The refining department of the chemical-metallurgical shop of Uralelectromed has put into operation a new induction unit to smelt gold into ingots. The cost of the machine is 2.8 million rubles. The Parallel IPT-25-10 unit has been designed at the customer order within the program of outdated machinery modernization and replacement. It can produce 2…

Russia: UEM output up in H1 2017

In January-June Uralelectromed produced 172.9 thousand tons of copper cathodes, up by 2.7% YoY.

Gold and silver output also increased – by 2.3% and by 23.2% YoY respectively.

The company has also improved its technical tellurium manufacture – by 11.9% and powder wares – by 15.7%. (Ukrainian metal)

Russia: Uralelectromed puts new container site in operation

Uralelectromed has finished repairing its container site and has put it into operation.

The need to repair the old site was caused by the increase of products for sale.

“The site size increased 3-fold, to 1716 square meters. It can now accomodate 206 large containers”, the company railroad shop director Vadim Duvanov said. (Ukrainian metal)

Russia: UEM net profits down in Q1 2017

In January-March Uralelectromed, a part of UMMC, decreased net profits 7.7-fold YoY, to 103.28 million rubles. The company earnings increased by 10.9%, to 6.835 billion rubles, with the manufacturing cost price up by 26.3%, to 5.479 billion rubles. The main foreign customers of UEM are Germany, Switzerland and Iran. The company share on the Russian…

Russia: UEM to increase investments

In 2017 Uralelectromed will increase its investment program 1.8-fold YoY, to 4 billion rubles.

Construction of industrial objects and the development of heat and electricity generation will see the most investments.

The key project is the construction of the second stage of copper electrolyses shop. (Ukrainian metal)