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…


Ukraine: AMKR invests $200 million into development

In 2015 ArcelorMittal Kriviy Rih invested over $200 million into development. “If we take the highly unstable exchange rate into account, then we have invested more that $200 million”, said the company CEO Paramjit Kahlon. According to him the works has finished the construction the pulverized coal injection complex at its #9 blast furnace, overhaul…


Ukraine: ISD registers its companies on the Kiev-controlled territory

The Industrial Union of Donbass Corporation and its companies from Lugansk region have been reregistered on the territory controlled by the Ukrainian government. “Following the shareholders meetings at Alchevsk Iron and Steel Works, Alchevsk By-Product Coke Plant and Ecoenergia, all the companies have been reregistered at Severodonetsk, that is under control of Ukraine. The companies…


Russia: Glass Lewis and ISS recommend Mechel shareholders to vote “for” deals with creditors

Mechel announces that Glass Lewis and ISS, independent proxy advisory firms, have recommended Mechel shareholders to vote to approve the deals with creditors at the company’s extraordinary general meeting scheduled for May 26. Glass Lewis and ISS recommended that Mechel shareholders approve of the transactions on providing and changing suretyships and pledges provided by the…


Ukraine: Zaporizhstal profits up in 2015

In 2015 Zaporizhstal received 1.8 billion UAH of net profits, up by 61% YoY, or by 684.3 million UAH.

According to the company statement, its net income last year went up by 41.99% YoY, or by 9.28 billion UAH, to 31.39 billion UAH. (Ukrainian metal)

Ukraine: Novotroitsk Mine Group ends 2015 with profits

In 2015 Novotroitsk Mine Group received 181.56 million UAH of net profits.

According to the company statement, its net income increased 2.8 times YoY, or by 282.79 million UAH, to 439.68 million UAH. (Ukrainian metal)

Ukraine: Zaporozhkoks changes ownership

Shareholders of Zaporozhkoks have changed the ownership of the company from public to private joint-stock company.

This has been done based on the Decree “On joint-stock companies”. The shareholders have also stipulated the new articles of the organization that came into effect on May 1. (Ukrainian metal)