Russia: TZMK bankruptcy prolonged

The Arbitrary court of Tambov region has prolonged the bankruptcy procedure at the Stroystal – Tambov Metal Structures Works. The bankruptcy procedure has been lasting for some 5 years. The main creditor is Sberbank. The TZMK owners refute criminal aspect of the bankruptcy and name Sberbank’s double increase of loan rates in 2014 as the…

Russia: OmZM-Metal supplies metal structures to Samburskoye deposit

OmZM-Metal has finished supplying metal structures for the construction of the Sambursky licensed site of the Urengoy oil and gas condensate deposit in Yamalo-Nenets Autonomous District. The license belongs to Arcticgaz, a joint venture of Novatek and Gazprom neft. According to the agreement, OmZM-Metal supplied over 1.5 thousand tons of metal structures with corrosion-resistant coating.…