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Ukraine: new owners of Kondratyevsky Refractory Works named

4 individuals have acquired 99.5% of Kondratyevsky Refractory Works shares. In particular, Sergey Petrov, Hennady Lobanov and Dmitry Stepanov as well as another individual have purchased 24.898%, 24.93%, 24.78% and 24.9% of shares respectively. Petrov is the supervisor board chairman, and both Lobanov and Stepanov its members. In 2016 the works received 10 thousand UAH…

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Ukraine: Kremniypolymer and ZTMK owe 0.5 billion UAH for electricity

In addition to increasing debts, Kremniypolymer and Zaporozhye Titanium and Magnesium Works keep on stocking hazardous materials and cooperating with Russia. “As of today their total debt to the regional power generating company exceeds 500 million UAH. They also increase stocks of hazardous materials. In particular, Kremniypolymer increased ammonia and chlorine stocks by 60 tons”,…

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Russia: OMK to receive Danieli machinery

United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…

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Russia: Mechel IFRS net profit up in Q1 2017

The net profit of Russian metals and mining group Mechel, attributable to shareholders, jumped to 13.902 billion rubles in January-March from 312 million rubles in the same period of 2016, as calculated under International Financial Reporting Standards (IFRS), the company said in a statement on May 31. Consolidated revenue increased by 24%, to 77.414 billion…

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