2008-01-14 14:45:56 11 Companies Applied for Auction to Develop Deposit in Irkutsk Region On March 13 Irkutsknedra will hold an auction for the right to develop Iysko-Tagulsk deposit containing nickel, copper, and metals of the platinum group. The amount of the payment for participation in the auction starts from 110 mln rubles. The application deadline is December 26, 2007. All in ...
2008-01-14 13:04:41 Prices for Copper Rolled Products have Stabilized Analysis of prices for copper rolled products shows their stabilization. E.g. in the beginning of December in the Moscow region market M1 sheets were sold for 255–267 thou rubles per 1 ton (depending on dispatch volume), whereas last week – 253–267 thou rubles. A similar ...
2008-01-11 14:38:57 Novolipetsk Iron and Steel Works will Galvanize Strips without Using Harmful Hexavalent Chrome Novolipetsk Iron and Steel Works has mastered the technology of coated rolled metal production fully agreeable to 2000/53/ЕС and 2002/95/ЕС ecological standards. Soon corrosion-resistant solutions not bearing harmful to environment hexavalent chrome will be used in chemical preparation of ...
2008-01-11 11:09:00 PSC VSMPO-AVISMA Corporation Published its Audited Financial Statements on a US GAAP Basis for 2006 PSC VSMPO-AVISMA Corporation reported consolidated Net Income of $204.01 million for 2006, an increase of $129.4 million (173%) over 2005. All amounts reported are in US dollars.
Consolidated Sales, Gross Profit and EBITDA for 2006 are $1003.22 million; $478.13million; and $338.70 million ...
2008-01-11 11:04:09 Severstal Bought Tube Plant in Poland Severstal has bought Technologie Buczek, a Polish steel tubes producer for $22 mln, mass media report. Severstallat, a sister company of Severstal was engaged in the transaction. Experts believe Severstal plans to turn the Polish office into a center of coordination of its activities in ...
2008-01-10 17:29:52 Novosibirsk Steel Works Named after Kuzmin Increased Output of Cold-Rolled Sheets by 19% in 2007 In 2007 Novosibirsk Steel Works Named after Kuzmin incorporated in Estar Holding produced 31.04 thou tons of hot-rolled sheets which is 17 % more compared to 2006 (26.63 thou tons); cold-rolled sheets -- 7 392 tons, 19% up compared to 6 225 tons in 2006; cold-rolled bands - 5 586 tons (+16 % ...
2008-01-10 16:49:41 MMK has Put into Operation a New Horizontal Boring Machine A new horizontal boring machine was put into operation at the mechanical plant of MMK Repairing Complex. The new machine was substituted for an old machine # 58 which had been operated at the mechanical plant for 45 years. The new machine produced by Novosibirsk Heavy Machine Tool and ...
2008-01-10 15:36:42 Electrocable Works, Kolchugino has Summed up Production Results of 2007 Press-service of Electrocable Works (Kolchugino, the Vladimir region) reported cable products sales revenue of 10 billion rubles in 2007. The income will be spent on fulfillment of some social projects, as well as technical reconstruction and modernization of production facilities. The works ...
2008-01-09 11:43:01 The Board of Directors of MMC Norilsk Nickel created a new committee The Board of Directors of MMC Norilsk Nickel (the “Company”) reviewed, among other issues, the creation of a Committee of Independent Directors within the Company’s Board of Directors.
The Board of Directors made a decision to create the Committee, which is made up of ...
2008-01-09 11:36:53 Severstal Announces Change to SeverCorr Executive Management Team Columbus, Mississippi: Severstal, one of the world’s leading metals and mining companies, today announced that John Correnti, CEO of SeverCorr, and other founding senior managers of the next generation steel mill located in Columbus, Mississippi, will transition executive management of ...
2007-12-28 13:58:59 Uralcable to Increase Production 1.5 times over 11 Months In January-November 2007 Uralcable produced 76.603 thou km of cable products (147.7% more compared with the same period of 2006).
The company produced 105 km of power cables (127.8%), oil bottom cable – 2.392 thou km (1.3 times more), motor wire – 35.683 thou km (5 times ...
2007-12-28 13:08:20 D&POS to Launch Production of Reinforcing Sections and Mounting Bars Reinforcing sections and mounting bars have been added to the range of products manufactured by D&POS. Such type of sections are used for reinforcement in PVC window and door structures. The mounting bars are used in manufacture of flanged joints of air ducts. The Sections manufactured by ...
2007-12-27 13:52:09 In January-November 2007 Elektrozinc Increased Marketable Zinc Output In January-November 2007 Electrozinc, Vladikavkaz produced 82 236 tons of marketable zinc (102.4% more compared with the same period of 2006), marketable lead – 33 751 tons (100%), sulfuric acid – 153 688 tons (102.9%), cadmium – 236 tons (114%).
Besides, in the 11 ...
2007-12-27 13:50:17 Fist Lot of Pipes with Smooth Inner Surface Coating has been Produced at Volzhsky Pipe Plant Experimental operation of new equipment for coating of big diameter pipes with smooth inner surface coating has started at Volzhsky Pipe Plant.
Setting up of the line for coating of big diameter pipes with smooth inner surface coatings of 530 up to 1420 mm; wall thickness up to 42 mm is ...
2007-12-27 12:29:46 MMK to Announce 2007 Preliminary Production Results The last in 2007 meeting of the economic council headed up by V. Shmakov, Vice-President for Finances and Economy, MMK Management Company, were held at Magnitogorsk Iron and Steel Works. Results of MMK operation in November, 2007 preliminary production results, main trends of development of ...
2007-12-26 16:52:35 Lead Plant to be Built in Leningrad Region A used batteries processing plant will be built in the Slantsevsk Settlement Industrial Zone, the Leningrad region. The plant will create up to 60 new jobs. The project at an investment of 700 mln rubles will be carried out by Ekorusmetall Ltd.
The used batteries scrap processing ...
2007-12-26 15:59:27 Sibir-Polymetals to Double up Output in 2008 Eleven enterprises of the Altay region have exceeded an annual output of 1 bln rubles. Sibir-Polymetals has become the 11th company on the list.
Since the beginning of 2007 about 250 thou tons of ore have been excavated at Rubtsovsk deposit to be processed into copper, lead and zinc ...
2007-12-26 15:22:55 Severstal to Apply Corporate Management Quality System to its International Facilities The first meeting of quality control services of Severstal companies CherMK, Severstal NA, as well as Ascometal and Piombino (Lucchini sister companies) has been held at CREAS Ascometal research center (France). CherMK Severstal has been represented by a group of specialists of technical ...
2007-12-25 13:42:12 MMC Norilsk Nickel to pay interim dividends In accordance with preliminary voting results of Extraordinary General Meeting, which was held on 21 December 2007, the shareholders of MMC Norilsk Nickel (the ‘Company’) approved interim dividends in the amount of RUB 108 per one ordinary share.
The interim dividends are to ...
2007-12-25 13:37:18 Severstal plans third Cherepovets EAF Severstal is planning to add a third electric arc furnace (EAF) and possibly a new rolling mill to boost long products capacity at its flagship Cherepovets works, a company spokesman told MB.
Severstal confirmed the plans after ceo Alexei Mordashov hinted at the introduction of a third ...
2007-12-25 12:41:10 UC RUSAL announces its intention to buy 2% of Norilsk Nickel from KM-Invest
UC RUSAL announces its intention to buy 2% stake in Norilsk Nickel from KM-Invest. The official letter stating UC RUSAL’s intention to buy 2% stake in Norilsk Nickel was sent to CEO of KM-Invest on 24 December 2007.
On 19 December 2007 the Board of Directors of KM-Invest made the ...
2007-12-25 12:21:48 MMK to Produce Rolled Products of Higher Strength Last week a pilot batch of X80 strength class rolled products was manufactured at # 10 flats plant, Magnitogorks Iron and Steel Works. The batch was manufactured to order of Volzhsky Pipe Plant. This has become possible largely due to reconstruction of 2000 mill at # 10 flats plant.
This ...
2007-12-24 14:12:08 In October –November 2007 Russia Increased Production of Refined Copper 13.9% Rosstat, Federal State Statistics Service has announced November 2007 refined copper production results in Russia showing output up 113,9% compared to October 2007. 11 months (January-November 2007) refined copper production results almost have not changed compared to the same period of 2006 ...
2007-12-24 14:09:49 Stainless Rolled Products Import Duty May Increase up to €1200-1300 per Ton Mass media report Mr. Andrey Dementyev, Deputy Minister of Industry and Energy of the Russian Federation announced after a meeting on imports substitution with Mr. Victor Zubkov Russian Prime Minister at Serp-i-Molot Moscow Steel Works a possibility for duty on import of Chinese rolled ...
2007-12-21 15:09:20 RUSAL to Invest 58 bln Rubles in Construction of Taishet Aluminium Smelter According to Vasily Sobolev, Director of Construction Dpt, Taishet Aluminium Smelter in 2007-2011 UC RUSAL will invest the total of 58 bln rubles in the construction of Taishet Aluminium Smelter with the capacity of 750 thou tons of primary aluminium in the Irkutsk region. According to the ...
2007-12-21 14:20:02 Volgograd Steel Works "Krasniy Oktyabr” to Increase Finished Rolled Products Output According to the press-service of the works in January-November 2007 Volgograd Steel Works "Krasniy Oktyabr” produced 671,3 thou tons of steel which is 2% more compared to the same period of 2006. 487,69 thou tons of finished rolled products were produced in 11 months (4% increase). ...
2007-12-21 14:14:34 Russian Government has Determined the Order of Assessing of Quotas on Rolled Products Supplies to EU Russian Prime Minister Victor Zubkov has signed a regulation on fulfillment of an agreement dated October 26 between Russia and the EU about trade in some types of steel products. The Russian Government has determined the following order of assessing of quotas on supplies of steel products to ...
2007-12-17 15:08:26 UC RUSAL appoints a third Independent Non Executive Director to its Board of Directors United Company RUSAL announce ы the appointment of Simon Thompson as an independent Non Executive Director.
Simon Thompson, who was previously a main Board Director and Member of the Executive Committee of Anglo American plc, joins the UC RUSAL Board of Directors with effect from ...
2007-12-17 12:28:38 ChTPZ Group Ferrous Division Ships 1,758,000 Tn of Product to Customers in January-November of 2007 Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant, both in ChTPZ Group, shipped 1,758,000 tn of pipe products to customers over eleven months of the current year, an increase of 11% as compared to the same period of 2006 (1,577,000 tn).
January through November of 2007, ChTPZ ...
2007-12-11 12:21:19 TNK-BP and TMK extend global cooperation agreement to 2012 TNK-BP and TMK today announced that they had signed a new agreement on global cooperation.
According to the agreement, TNK-BP will buy a range of tubulars from TMK for approximately two billion dollars over the five years to 2012. The previous three-year contract with a ...
2007-12-10 13:38:47 Chelyabinsk Zinc Plant OJSC Sets Up a Subsidiary to Develop Amur Field Chelyabinsk Zinc Plant became founder of Amur GOK OJSC. On Friday, December 7, 2007 , Inspection of the Federal Tax Service of Kurchatovsky district of Chelyabinsk registered the new legal entity.
Resolution on setting up the enterprise was adopted by the CZP Board of Directors at ...
2007-12-07 12:18:55 MMK to Build a New Coke Oven Battery On December 7, 2007, Victor Rashnikov, Chairman of the Board of Directors of OJSC MMK, signed a EUR 142 mln Contract for the delivery of equipment and construction of a coke oven battery (№11-bis) with the Czech company VITKOVICE HEAVY MACHINERY A.S.
The need for a new coke oven ...
2007-12-06 12:39:44 Novolipetsk Steel (NLMK) acquires a controlling stake in Maxi-Group OJSC Novolipetsk Steel announced that it has entered into an agreement to acquire a 50%+1 share stake in OJSC “Maxi-Group” (Maxi-Group) from its founder, Nikolai Maksimov. The acquisition price is approximately $600 mln, payable in two installments: the first $300 mln installment ...
2007-12-04 11:54:33 MMK: Results of consolidated financial statements for 9M of 2007 Open Joint Stock Company Magnitogorsk Iron and Steel Works, one of the leading Russian integrated steel making companies, announces the results of its consolidated financial statements for the nine months of 2007 according to US GAAP.
1. Financial results
· ...
2007-12-03 15:01:46 Unrivalled openness of MMC Norilsk Nickel in information disclosure The expert council of the annual contest among Russian companies – stock market participants has rated MMC Norilsk Nickel (the Company) the first in the categories The Best Annual Report and The Best Corporate Website.
The Best Annual Reports contest was organized by Expert Rating ...
2007-12-03 14:55:49 TMK and SMS Demag Set Up Joint Venture JSC ТМК announces the signing of a joint venture agreement between its Seversky Tube Works (STW) subsidiary and SMS Demag AG (part of the SMS Group), one of the largest manufacturers of steelmaking equipment in the world. The agreement establishing the “TMK-SMS Metallurgical ...
2007-12-03 14:47:09 Novolipetsk Steel 9M 2007 US GAAP Results OJSC Novolipetsk Steel (NLMK), the LSE listed leading Russian steel producer, today announces its consolidated results for 9M 2007.
Highlights:
Strong 9M 2007 financial results:
- Revenues amounted to USD 5,545.6 million (+29% year-on-year)
- Operating cash flow reached USD ...
2007-11-29 15:21:52 VSMPO-AVISMA Corporation Announces Revenues for the First Nine Months of 2007 The Company’s revenues decreased 5% down to Ru 20.90 bln during January – September of 2007 from Ru 21.97 bln during the same period in 2006. Gross profit was Ru 8.94 bln compared to Ru 9.49 bln and sales profit was Ru 6.61 bln compared to Ru 7.44 bln. Net profit decreased to 3.77 ...
2007-11-29 15:02:14 Mechel Announces Submission of Mandatory Offer To Acquire Elgaugol Shares From Minority Shareholders Mechel announces that it has directed its mandatory offer (public offer) to Elgaugol to acquire the remaining shares in the company from its minority shareholders.
As previously announced, Mechel’s subsidiary, JSC Mechel Invest, became the winner in the auction, which was held on ...
2007-11-29 12:59:43 Severstal to sell non-specialized assets Severstal`s Board of Directors has approved the sale of 53.57% shares of JSC Metallurgical Commercial Bank to OJSC Capital.
Member of the Board and CFO of “Severstal” Mikhail Noskov said the decision was taken due to the fact that the company considers this business a ...
2007-11-28 14:40:23 UC RUSAL to construct packaging foil plant in the Moscow region UC RUSAL announces plans to construct a packaging foil plant near the city of Dmitrov in the Moscow region. The project investment will amount to approximately $20 mln. The plant will have an overall capacity of 20,000 tn of packaging foil per year and will increase UC RUSAL’s share of ...
2007-11-28 10:52:35 NOK looking to double charter capital Novosibirsk Tin Works is expected to advance a proposal to its shareholders to double the company’s charter capital. The placement price for the shares of an additional issue was set at $12 per share, i.e. 40% below the market price as of November 11, 2007.
Novosibirsk Tin Works made a ...
2007-11-28 10:33:09 Evraz signs $3.2 bln loan agreement Evraz Group announces signing of a $3,214 mln structured multi-tranche credit facility. The loan facility has the interest rate of LIBOR + 1.8% and consists of a $2,714 mln 5-year tranche secured on assignment of trade receivables and a $500 mln 3-year unsecured tranche. The facility is ...
2007-11-26 10:50:28 MMC Norilsk Nickel General Director in the Big League of Russian Professionals General Director of MMC Norilsk Nickel Denis Morozov became a member of the National Professional Team. The project was initiated by the United Russia party and approved by President Vladimir Putin.
The best Russian professionals of all ages and political convictions took part in the ...
2007-11-26 10:45:58 Skoda JS Begins Testing of Fuel Assembly Module for Temelin Nuclear Plant Skoda JS (Plzen, Czech Republic), a part of OMZ (Uralmash-Izhora Group) announces that it has begun a series of comparative hydraulic tests of a fuel assembly module for the Temelin Nuclear Power Plant, Czech Republic.
The tests will be conducted over the next several months. Their objective ...
2007-11-26 10:41:40 TMK Announces the Completion of the First Stage of its Options Programme TMK announces the completion of the first stage of its three-year options programme (the Programme) Members of the Board of Directors, the Management Board and senior management were eligible to participate.
The Programme was approved in March of this year and split into three ...