Kazakhstan: state subsidy to be withdrawn from Arcelor Mittal

The budget funds earlier provided to Arcelor Mittal may be withdrawn, Vice-Minister of National Economy of Kazakhstan Bauyrzhan Bekeshev said during the enlarged meeting of the Committee for Economic Policy, Innovative Development and Entrepreneurship of the Senate. The topic of the discussion was the bill on “Ratification of the agreement of voluntary reconciliation between the…

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Russia: Uralcable output up in 2017

In 2017 Uralcable produced 102 thousand km of car cable. In 2016 the output was 73 thousand km. The growth of output has to do with the improvement of technological effectiveness and the automatization of manufacturing processes. “This year we intend to increase output first and foremost due to the replacement of machinery. In H2…

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Russia: Rusal net profit up in 2017

The net profit of Rusal in 2017 increased by 3.6% YoY, to $1.222 billion. According to the company statement, EBITDA grew by 42.4%, to $2.12 billion, while revenue increased by 24.9%, to $7.224 billion. The company net debt as of December 31, 2017 was $7.649 billion, down by 9.2%. Rusal accounts for around 7% of…

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Kazakhstan: EDB to fund coal production

The Eurasian Development Bank (EDB) and Bogatyr Komir Company signed a loan agreement to finance Bogatyr Komir’s investment program aimed at modernizing coal production processes at the Bogatyr mine, the press service of EDB said in a message. The document was signed by Andrey Beliyaninov, Chairman of the Management Board, from the EDB, and Murat…

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Russia: RM-Steel resumes sections manufacture for AutoVAZ

RM-Steel has resumed the manufacture of sections.

The products are intended for the LADA 4×4 (Niva 21214) project.

The sections will be produced according to ISO 9001:2015 and IATF 16949:2016.

The main goal of the company for the coming years is to create favorable conditions for the development of machine-building and automobile enterprises. (Ukrainian metal)

Russia: KMAruda passes ISO and OHSAS audits

KMAruda has passed the audit for the correspondence to ISO 9001:2015 (quality management), ISO 14001:2015 (environment management system) and OHSAS 18001:2007 (professional safety and health management). The certification audit was carried out by SGS Vostok Ltd., a Russian subsidiary of SGS (Switzerland). KMAruda started implementing the management systems in early 2017. “The granting of the…

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Russia: Shadrinsk Metal Structures Works commissions dip galvanizing shop

Tochinvest ShZMK (Shadrinsk Metal Structures Works) has opened a shop of dip galvanizing. The company manufactures products for power, industrial and social construction. “This is one of the most environmentally clean enterprises”, the Kurgan region governor Alexei Kokorin believes. “As to the output, this year 12 thousand tons are expected”. The region provided the company…

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