The Arbitrary court of Volgograd region has declared the Volgograd Iron and Steel Works “Krasniy Octyabr” bankrupt. According to the court decision, bankruptcy proceedings at the company will last for 6 months. The bankruptcy of the company was initiated by the tax service, as Krasniy Octyabr had tax debts of 130 million rubles. The works…
The drop-hammer shop of the Volgograd Iron and Steel Works has finished the modernization of automobile scales. The modernization has been carried out in 3 months, according to the schedule. At the first stage the logistics specialists have determined the best place for the weighing complex. Then the constructors started preparing the site. The lifting…
In January-August Krasniy Octyabr increased stainless steel output by 8.2% YoY, to 36.3 thousand tons. In particular, the Volgograd subsidiary produced 22.4 thousand tons, or 43.7% of the total Russian output, and ZEMZ – 13.8 thousand tons (26.9%), down by 10%, but up by 60% YoY respectively. Thus, the group has occupied some 70.6% of…
In H1 Russia produced 63342 tons of rolled stainless steel, down by 3.9% YoY. Despite this, Krasniy Octyabr Volgograd Iron and Steel Works is still the leader, having produced 76.2% of all rolled stainless steel. The company increased output by 17.5% YoY, to 48266 tons. Stainless steel bars output in Russia dropped by 7.8%, to…
In August Krasniy Octyabr had to produce 2500 tons of rolled metal, but in fact manufactured 2625 tons. For September the company output plan is 2800 tons. The goals set by the company management have been met. Krasniy Octyabr supplies high-quality steel products to all its foreign customers in time. (Ukrainian metal)
The Volgograd-based Krasniy Octyabr is carrying out the program of technical revamping. The next step is the assembly of boiler houses. So far subcontractors have prepared foundation for 4 mini-boiler houses. The foundation for 2 more is under construction. Viessmann Group will supply the machinery. (Ukrainian metal)
Krasniy Octyabr is finishing its project to assemble a Danieli PL-370 centerless turning machine. The commissioning is scheduled for the nearest future. The world market requirements to rolled metal are getting more and more tough. Only modern machinery from the leading manufacturers can cope with them. The commissioning of the PL-370 mill, which could peel…
Volgograd Iron and Steel Works Krasniy Octyabr has paid 424 million rubles of tax debts. All the debts have been cleared in full. The non-payment of taxes to the budget has been revealed during a tax service check. The major part of the debt fell on the profit tax. (Ukrainian metal)