In 2017 VSMPO-Avisma share of exports to Europe increased to 47%. The corporation revenue dropped because of the ruble strengthening, to 72.4 billion rubles. Net profit reached 19.1 billion rubles, and EBITDA – 29.1 billion rubles. Titanium sales grew by 14%, to 28.8 thousand tons. Exports growth totaled 26%, with European countries accounting for 47%,…Details
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Severstal Russian Steel has finished the delivery of metal structures for the construction of the industrial building in the city of Orel. In particular, the company supplied metal structures weighing 384 tons, metal wares and barrier structures. The building has two stories and its size is 90x96x10 m. Metal structures were produced at the local…Details
Since the start of the year the open pit mine of Gaysky Mining and Processing Works has received 9 units of mining machinery, including 8 BelAZs (six with the lifting capacity of 55 tons and two with 45 tons) and the Komatsu PC 1250-8 excavator. All the machines are operating at the Dombarovskaya, Kvarkenskaya and…Details
Metalloinvest will construct the site of hot-rolled metal heat-treatment at OEMK. The capacity of the complex will be 70 thousand tons of high-quality bars (SBQ). Danieli will supply all the necessary machinery. The cost of the project is 3 billion rubles with VAT. The complex is expected to be commissioned in 2019-2020. In 2017 Metalloinvest…Details
This year Ukrzaliznytsia intends to finish the electrification of the Potoki – Zolotnishino route, which unites the main railroad with the Poltava Mining and Processing Works. This is expected to improve the efficiency of the company operation. According to Ferrexpo investors and communications director Ingrid MacMahon, the route electrification will decrease the time of products…Details
In January-April Ukraine increased metal exports by 4.6% YoY, to 5.159 million tons. In addition, 6.181 million tons of rolled metal were produced, with 5.16 million exported, or 83.5%. In January-April 2017 the share of exports was 81.7%. The share of semi-finished products in the exports volume was 43.9%, up from 40.3%. Flat rolled metal…Details
The Zaporozhye region prosecutors have filed a claim to the court to recover 20 million UAH to the city budget from one of the largest metal companies of the region – Zaporozhye Abrasive Works. The prosecutors have found out that the company has been using the land site of over 50 ha without any agreements…Details
The energy saving project at the DTEK Pavlogradskaya Central Processing Factory will allow the company saving 70% of electric energy on lighting. DTEK Esco has completely financed and assembled 650 new LED-lamps as well as replaced 6 km of cable network. “This modernization will allow us saving 1.1 million kW-h per year, or 1.8 million…Details
The regional state enterprise Primteploenergo has announced a tender to estimate the market value of the 100% stake in Lermontovsky Mining and Processing Works in order to take a decision on selling it. The maximum price of the contract is 3.8 million rubles. The work has to be carried out within 20 days. Earlier the…Details
In 2019 Rusal intends to start reconstructing the capacities of the Yaroslavskaya Mining Company LLC (Yaroslavsky Mining and Processing Works), which has been idle since September 2013. Commissioning of the enterprise is scheduled for Q3 2020. “The works used to produce calcium fluoride, which cost $406 per ton, while China and Mongolia sold it much…Details
Mechel intends to buy Izhevsk Works of Metallurgy and Machine-Building (Izhmetmash). A group of Mechel representatives has held a meeting with the local ministry of industry. According to Udmurtia governor Alexander Brechalov, those were the second negotiations with the potential buyers. Earlier the works was offered to Izhora-Metall. On July 9 Izhmetmash will be reorganized.…Details
The Segal foundry-press plant has put into operation a new press machine. This is the seventh press machine operated by the company. It will help increase output and product quality, as well as strengthen positions on the Russian and foreign markets. The city mayor Sergey Yeremin participated in the event. (Ukrainian metal)Details
Metalloinvest is improving its sales and operation planning efficiency. Within the Industry 4.0 business transformation program the company is using the Quintiq solution at all of its key enterprises: Lebedinsky and Mikhaylovsky Mining and Processing Works, OEMK and Ural Stal. “The Quintiq solution helps to efficiently optimize the whole delivery chain. It will help us…Details