Pobuzhye Ferronickel Plant has overcome the negative personnel dynamics by increasing salary by 38% in H2 2018. “In December 2018 we hired 11 people more than resigned. The people started returning to the plant”, the company CEO Oleg Bespalov said. Earlier a part of the employees moved to the neighboring Poland to seek jobs. The…Details
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In 2019 Asha Iron and Steel Works intends to increase output. In particular manufacture at the electric arc furnace shops Nos. 1 and 2 is to grow by 19% and by 5% YoY respectively, at the sheet-rolling shops Nos. 1 and 2 – by 4.1% and by 17%. While the sheet-rolling shop No. 3 has…Details
Metinvest has reached a preliminary agreement on the discount of 20% on the delivery of its cargo by railroad to the ports of Mariupol and Berdyansk. “The agreement was reached during the meeting in the Ministry of infrastructure. Ukrzaliznytsia showed its readiness to provide such a discount. The discount will cover metal products only”, Berdyansk…Details
The state enterprise Ukrpromvneshexpertisa forecasts that in April scrap stocks at metal companies will grow by 15.4% MoM, to 75 thousand tons. Scrap stocks as of the end of February dropped to 79 thousand tons, or by 55% MoM. Scrap stocks in working days fell to 9 days, or by 25% below the norm. The…Details
In 2018 Energomashspetsstal received 293.6 million UAH of net losses, down 3.2-fold YoY. The value of assets grew by 1.6%, or by 41 million UAH, to 4.1 billion UAH, while accounts receivable dropped by 7.5%, or by 30.8 million UAH, to 382.3 million UAH. Fixed liabilities decreased by 38.5%, or by 875.1 million UAH, to…Details
In January-February, the volume of production of raw and semi-processed gold or in powder form was 14,315 kg in Kazakhstan, up by 5% YoY, the Committee on Statistics of the Ministry of National Economy reported. In the reporting period, the volume of production of raw and semi-processed silver or in the form of powder amounted…Details
The Almalyk Mining and Metallurgical Complex (AMMC) has received the honorary “CIS Business Leader” award in 2018 at the International Economic Forum “CIS: Digital Economy – Integration Platform”. The event was organized by the CIS Economic Development Business Center with the support of the Executive Committee of the Commonwealth of Independent States. More than 1500…Details
Ukraine’s police are investigating two companies and a factory over a coal deal, which some anti-corruption campaigners say epitomizes the difficulties of doing business in the Eastern European country. The sums involved in the deal are small but the Anti-Corruption Action Center, an independent watchdog, says it illustrates the lack of transparency in Ukrainian business,…Details
Since the start of the year Korshunovsky Mining and Processing Works has invested 130 million rubles in the modernization of the manufacture. In particular, the enterprise has purchased a rod mill, two dredge pumps, and four magnetic separators. The new machines will improve ore processing and iron ore concentrate manufacture. In 2018 KGOK produced 1.972…Details
In February industrial output in Donetsk region decreased by 8.6% MoM. In particular, in January-February coal mining grew by 18.4%, to 2.2 million tons. Coke output dropped by 5.8%, to 820.3 thousand tons, and in February – by 14.1% MoM. Pig iron manufacture fell by 10.6%, to 1.3 million tons, and steel – by 0.2%,…Details
Amur Zoloto LLC, developing gold sites in Khabarovsk region, in January-February produced 152.8 kg of gold. In particular, the Yubileyniy Mining and Processing Works at the Krasivoye deposit processed 16.4 thousand tons of ore and 1.3 thousand tons of concentrate. Gold output totaled 152.1 kg and silver – 141.1 kg. Another site – the Brekchievaya…Details
Energomashspetsstal is finishing the work on the international order to produce and supply billets to be used in the manufacture of reactor machinery for the Akkuyu NPP in Turkey. A delegation of the Turkish Nuclear Energy Agency visited the company on March 20-22. The experts inspected the billets and discussed the manufacturing process. All in…Details
In 2018 Dneprovsky By-product Coke Plant received 373.62 thousand UAH of net losses as opposed to 1.19 billion UAH of net profit in 2017. The undivided profit totaled 1.37 billion UAH as of the end of 2018. Accounts receivable grew by 4.8%, to 9.68 billion UAH, fixed liabilities – 2.7-fold, to 336.61 million UAH, and…Details