Russia: UEM finishes machinery repair

The Kirovgrad subsidiary of Uralelectromed – Proizvodstvo Polymetallov – has finished the scheduled capital repairs of the shaft furnace No. 1. Investments in repair exceeded 77 million rubles. The specialists have produced and assembled over 320 tons of metal structures, including 120 tons of doghouses. Repair lasted for 28 days, and over 200 repairmen were…

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)…