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In 2016 Chasov Yar Refractory Works received 38.098 million UAH of net profits, down by 8.8% YoY. According to the company statement, its undistributed profits reached 254.308 million UAH. Last year the works current liabilities decreased by 4.1%, to 21.466 million UAH, fixed – by 13.9%, to 10.687 million. At the same time its accounts…
DetailsThe Buribay Mining and Processing Works, a part of UMMC, has bought new loading machines. The miners have received a backhoe loader, dump trucks, as well as lighter vehicles. The cost of the new machines is 16 million rubles. At present Buribay GOK yields some 200 thousand of copper ore per year, but when it…
DetailsThe employees of the Kireyevsky Works of Light Metal Structures have addressed the Tula region governor Alexei Dyumin informing him of a 3-months salary debt. According to the minister of labor and social protection of the Tula region Andrei Filippov, as of March 17, KZLMK had salary debts only to 12 employees, who had quitted…
DetailsIn 2016 Ufaleinickel received 11.04 billion rubles of net losses, up 4.7-fold YoY. It should be noted, that in 2014 the company received 186 million rubles of net profits. Ufaleinickel’s revenue in 2016 dropped by 16% YoY, to 6,324 billion rubles. Sales profit was negative – 1.05 billion rubles of losses against 822 million rubles…
DetailsEnergomashspetsstal has produced and shipped a batch of products to Vitkovicke slevarny, spol. s.r.o. The contract to produce 2 rolls with the total weight of 28 tons was signed in January. The products manufactured are intended to be used in specialized metallurgical machinery. The rolls have been manufactured in full accordance with the customer specifications…
DetailsArcelorMittal Temirtau will invest around 3 billion tenge into the reconstruction of its sintering machine No. 6, scheduled to commence this month and finish in June. The project presupposes the increase of the machine efficiency by 30% and the improvement of the labor conditions. This project is just one of the steps to increase sintering…
DetailsEnergomashspetsstal has produced machinery for the fourth block of the Indian Nuclear Power Plant “Kudankulam”. According to the company statement, it has produced 361 units of equipment. The total weight under the contract is 3.952 thousand tons. The company has produced metallurgical billets for steam-generators, pressurizers, main reactor coolant pipe, main circulation pump, etc. (Ukrainian…
DetailsIn 2016 Krasnoyarsk Aluminum Works invested 1.135 billion rubles into ecological modernization, with 1 billion rubles to be invested in 2017. For the past several years the main goal of the company was to start producing highly technological wares from aluminum produced without increasing the metal output volumes. Thus the works has been modernizing its…
DetailsChelyabinsk Iron and Steel Works, a part of Mechel, hit several historical output highs in March. In particular, the blast furnace shop produced over 370 thousand tons of pig iron, the highest volume since 2009. Steel smelting in the oxygen-converter shop reached 350 thousand tons, which was an absolute record since the shop’s putting into…
DetailsMetinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…
DetailsMetinvest has extended the office of the current CEO of the Central Mining and Processing Works Dmitry Shevchik for a year. Shevchik’s office has been extended from Aril 4, 2017 till April 2, 2018. Dmitry Shevchik was appointed CGOK CEO on September 1, 2015. Earlier he worked as the deputy chairman and deputy CEO on…
DetailsDTEK Burshtyn TPP has imposed limitations on coal deliveries from state mines. According to the minister of energy and coal industry Igor Nasalik, there is no shortage of G and D grade coal, mined in the western regions, but there could be problems with sales. “Gas-coal stocks increase each day”, he noted. On March 31,…
DetailsThe Federal Antimonopoly Service has stopped investigation in Mechel, Severstal and Evraz alleged increase of rebars prices. Last summer constructors and machine-builders applied to FAS as to the drastic increase in metal prices, in particular, of rebars (by 34-103% from December 2015 till May 2016). The service started investigating the matter in July 2016, suspecting…
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