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Ukraine: EMSS to produce equipment for SKMZ

Eneromashspetsstal will produce equipment for Starokramatorsky Machine-Building Works. In particular, EMSS will produce four spare parts weighing 53 tons. “We plan to deliver the upper drum, the bottom sprocket and the gear in the third quarter”, said the company in its statement. SKMZ specializes in the production of processing, precision, press-forging and materials-handling machinery. (Ukrainian…


Russia: Norilsk Nickel management team strengthened

Norilsk Nickel announces changes in the company’s management structure, which are aimed at the improvement of Norilsk Nickel’s performance. A new position of senior vice president is introduced into the company’s organizational structure. Andrey Bougrov holds the position. Furthermore, the following persons are appointed to the positions of senior vice presidents – heads of units:…


Ukraine: Mariupol Ilyich increases supervisory board

Shareholders of Mariupol Ilyich Iron and Steel Works have decided to increase the supervisory board from 1 member to 5. According to the company statement, Yuri Ryzhenkov, Alexander Pogozhev, Julia Dankova, Svetlana Romanova (all of them top-managers at Metinvest Holding) and Julia Samoylova (chief legal advisor on corporate finances) have been appointed to the supervisory…


Ukraine: Dniepropetrovsk Babushkin Works gets losses in 2015

In 2015 Dniepropetrovsk Metal Construction Works named after Babushkin received 155.32 million UAH of losses, up by 29.8% YoY, or by 35.63 million UAH. According to the company statement, its net income fell by 40.3% YoY, or by 21.64 million UAH, to 32.03 million UAH. Its assets totaled 258.41 million UAH, with accounts receivable on…