VSMPO-Avisma has started building a new shop No. 22.2. The premises will look like the manufacturing building UBM-2 in the Titanium Valley special economic zone, but will be two times smaller with the size of around 11 thousand square meters. The corporation needs additional premises because of the increase in the titanium products (discs and…Details
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Uralskaya Kuznitsa is producing spare parts for Gazprom oil-extracting machinery under the import-replacing program. In particular, the company has to produce 163 units of forgings. Gazprom used to buy such products in the US, UK and China, thus mastering of their manufacture will help refrain from buying abroad. To fulfill the order UralKuz had to…Details
Centerra Gold Inc. and Kumtor Gold Company have summed up their operating results in the first half of 2019. Kumtor Gold Company produced 301,373 ounces or 9,373.76 kg of gold and contributed more than 4.22 billion soms in taxes and mandatory payments. Kumtor produced 151,065 ounces of gold in the second quarter compared to 83,802…Details
Zaporozhye Titanium and Magnesium Works could suspend operation over the increase of the electricity tariffs. Since July 1, with the new electricity market operating, the tariff for ZTMK has increased by 25%. Thus, expenses on electricity for the company will grow by 15 million UAH per month. The share of electricity in the company product…Details
In July Zaporizhstal produced 331.9 thousand tons of pig iron, 322.3 thousand tons of steel and 263.4 thousand tons of rolled metal, all down by 26.3%, 9% and 12% YoY respectively. The decrease is due to the capital repair of the blast furnace No. 2. Investments in the repair exceeded 200 million UAH. In January-July…Details
The Russian president Vladimir Putin has granted the Russian Guard and the Ministry of Defense the right to sell their scrap of ferrous and non-ferrous metals without auctions to TransLom. The products of armament and military machines cannot be sold. TransLom is the ex-RZD company. Since October 2016 its revenue increased 2-fold in 2018, to…Details
Bogoslovsky Cable Works LLC, a joint venture of Rusal and Elca-cable, has started manufacturing cable-conductor products with the core of aluminum alloys. When the enterprise reaches design capacity it will process 4.4 thousand tons of aluminum alloys per year. Investments in the project totaled 700 million rubles. The commission of the second shop will let…Details
OMZ-Spetsstal has concluded a contract with MMK to produce rolls for the plate-rolling mill-4500. The contract provides for the manufacture of 4 supporting rolls with the weight of 52.3 tons, the length of around 7 meters, the barrel diameter of 1250 mm and the length of 4500 mm. The rolls have to be produced of…Details
Specialists of Severo-Kavkazskoye manufacturing and geological enterprise, a part of Rosgeologia, have discovered a gold ore interval with the size of 28.4 meters and average gold content of 4.3 g per ton in the central part of the Yuzhno-Podolskoye ore occurrence in the Republic of Bashkortostan. It has been known for 40 years, but has…Details
Ulan-Udestalmost, once largest manufacturer of metal structures over the Urals, has been put up for auction with the initial price of 755.2 million rubles. The minimum price, for which the works can be sold, is 528.7 million rubles. The lots include machinery, warehouses, manufacturing premises, etc. (Ukrainian metal)Details
The repair of the sulfur acid manufacturing site has started at the Kola Iron and Steel Company. This repair is carried out each year in order to provide for the maximum capacity of the machinery. The work will last for a month. In particular, the company intends to replace 8 outdated heat exchangers with two…Details
An industrial cluster is being created in Volgograd on the territory of the Khimprom works. In 2020 Volgograd Electrometallurgical Works will start operating there. The plant will produce ferrosilicon. At first the company will manufacture 24 thousand tons per year, but there are already plans to increase capacity. Some 150 jobs will be created. Investments…Details
Deloitte CIS has completed an assessment of MMK’s digital maturity and transformation potential as part of MMK’s digitalization strategy. The joint team applied Deloitte’s global experience to analyze MMK’s current digital initiatives and future potential. Currently, as part of the company’s Industry 4.0 initiative, MMK is implementing more than 20 projects, dozens have been completed…Details