2007-04-04 13:35:53 The net profit of Novolipetsk Steel increased by 43.6% The net profit of Novolipetsk Steel (NLMK) under Russian Accounting Standards (RAS) surged 43.6 percent to RUR50.508bn (approx. USD1.94bn) in 2006 compared to a year earlier, the company's official documents state. NLMK's revenue went up 17.7 percent to around RUR140.302bn (approx. USD5.40bn) ...
2007-04-04 11:36:17 Chusovoy Steel Works has increased the production of automobile springs by 23% in March Chusovoy Steel Works (CSW, the Perm region) manufactured 7.4 thousand tones of automobile springs - is 23% more as compared with the same period of 2006 (6 thousand tones), UMC’s press-center reports. Since beginning of 2007 the production of automobile springs is created 18.2 ...
2007-04-04 11:24:29 Komi Aluminum has completed preparation of alumina plan's project Komi Aluminum has completed technical documentation for the building of alumina plant in the Sosnogorskiy region of Komi Republic. The capacity of the future plant is estimated at 1.5 mln tons of alumina per year, reports Komiinform.
Bauxite of Timan, JSC (80% of its shares belong to ...
2007-04-04 00:54:18 ThyssenKrupp Hoesch Bausysteme to expand its share in the Russian Market ThyssenKrupp Hoesch Bausysteme is intended to enlarge its presence in the Russian building materials market, the Chairman of the company’s administration reported to “Metal Supply & Sales”. According to him Russia and Eastern Europe show the biggest demand for building ...
2007-04-03 12:26:44 Metallurgical Plant Named after A.K. Serov increased producing of sized steel on 24.1% In January - February 2007 Metallurgical Plant Named after A.K. Serov produced 15.2 thousand tons of sized steel, which is 24.1% more as compared to the same period of last year. Over the two months of 2007 the enterprise produced 80.6 thousand tons of finished rolled products (+15.8% as ...
2007-04-03 10:01:05 Denis Morozov takes up his appointment as General Derictor of MMC Norilsk Nickel On April 3, 2007 Denis Morozov took up the post as General Director of MMC Norilsk Nickel. Mr. Morozov, previously Deputy General Director and Member of the Management Board of MMC Norilsk Nickel, was unanimously elected to the highest corporate position by the Board of Directors at their ...
2007-04-03 00:45:45 JSC Severstal announces its audited results for the year ended 31 December 2006 Severstal’s consolidated revenues increased by 19.1% to $12,423 million in 2006 from $10,432 million in 2005, attributable to a stable price environment in all geographies and product mix improvements, as well as the effect of consolidation of Lucchini, which was included only for eight ...
2007-04-02 15:41:49 Victor Rashnikov was again elected the Chairman of the Board of Directors The Annual General Shareholders’ Meeting was decided that the dividends on ordinary shares based on the Company’s 2006 results will be paid in the amount of 0.891 rubles per share. The new Board of Directors of OJSC “MMK” was elected. The Board of Directors ...
2007-04-02 11:54:27 Severstal - Metiz has begun to set up metal netting production Dneprometiz, incorporated in Severstal - Metiz Group following its production strategy has begun to set up metal netting production. The main tasks of the project are expansion of range of woven nettings and mastering of new types of products (welded meshes in coils) increasing output up to ...
2007-04-02 11:22:00 Norilsk Nickel: net income growth is 330% Net income in Q406 climbed 4.3-fold to $3 bn on the same period in 2005 ($720 mn) and by 110.8% compared with earnings in Q306, which totaled $1.6 mn. The surge in net income is attributable above all to the higher prices for ...
2007-03-30 16:56:21 Rexam’s Aluminium Cans Plant has been started in the Chelyabinsk region According to UralBiznesConsalting the project on building of Rexam ’s Aluminium Cans Plant has been started in the Chelyabinsk region. A line with an annual capacity of 800 mln 0,33 l and 0,5 l capacity cans per year will be set up at the plant. The plant will be put in operation ...
2007-03-30 13:45:01 NLMK agrees to sell Prokopievskugol Kuzbass Asset Holdings Limited, a subsidiary of OJSC Novolipetsk Steel (LSE: NLMK), has agreed to sell the Prokopievskugol Group of Companies to a Municipal State Company representing the City Administration of Prokopievsk. According to the agreement, the transaction price is USD1. The ...
2007-03-30 11:30:27 Severstal announces changes in mining segment Severstal announces, that its stakes in Berezovskaya Mine, Pervomayskaya Mine, Vorkutaugol, Vorgashorskaya Mine, OLKON and Karelsky Okatysh, previously owned by the company, were sold to Holding Mine Company, which is 100% owned by Severstal. It was done to improve the management ...
2007-03-29 10:34:19 Belon Group Enterprises to be Supplied with Conveyer Belt Belon Group has called a tender among Russian and international companies for the delivery of a conveyor belt to its carbon enterprises. The winner of the competition has become Saranrezinotekhnika (Kazakhstan) and SEMPERTRANS BELCHATOW S.A. (Poland). The total cost of the contracts will ...
2007-03-29 10:16:13 The 50th anniversary of The CTDQ More than 730 steel grades have been mastered, around 3 thousand types of products have been dispatched, and around 650 scientific developments have been patented over 50 years with the direct participation of the Center of Technical Development and Quality CherMK JSC Severstal. Mr. A ...
2007-03-28 11:49:15 UMMC plans to invest Rub 400 mln UMMC plans to invest about Rub 400 mln in set up of sewage treatment plant in double superphosphate plant of JSC «Sredneuralsky Copper Smelter» (SUMZ).
The German company «Enviro-Chemie GmbH» completed a project of setting up of sewage treatment plant in March. A ...
2007-03-28 11:04:52 Net income of one of Russia’s largest coal makers South Net income of one of Russia’s largest coal makers South Kuzbass, part of Mechel Group, was cut more than half to $28.9 mnl in 2006. The company considers the main reason for such a fall in net income has become cancellation of the coal maker’s shares redeemed at shareholders’ ...
2007-03-27 14:25:52 Russian Foundry Products Market Tends to Expand By 2015 consumption of aluminium profiles in the Russian building complex can grow up to 340 thousand tons, flats - up to 80 thousand tons - Mr. Makarov, Scientific Adviser of Alusil, has given such forecast at the international conference “Aluminium Casting”, which has opened ...
2007-03-27 12:47:49 Net Profit of Russian Copper Company has Increased 4.4 Times up to $141.98 mln According to IFRS preliminary estimations consolidated net profit of Russian Copper Company in 2006 equaled to $141.977 mln which is 4.4 more as compared to 2005 ($32.434 mln.)
The accounting income of Russian Copper Company has increased 1.8 times up to $1.034 bln from $571.396 mln, EBITDA ...
2007-03-27 12:11:27 Mechel's Chelyabinsk plant to boost stainless steel output 650% by 2011 The Mechel (RTS: MTLR) group plans to increase production of hot-and cold-rolled stainless steel products at its Chelyabinsk Iron & Steel Plant (RTS: CHMK) by 650% by 2011, to 300,000 tonnes per year. The group's strategic marketing chief, Alexander Malanichev Wednesday at the Stainless ...
2007-03-27 10:49:51 New York Court to Dismiss a Claim of BFI Group to RUSAL The judge of the New York Southern District Court has dismissed BFI Group's claim to RUSAL.
The lawsuit has been dismissed for the New York Court has found no reason to try it. The reason for claiming has been the Company's acquisition of a majority stake of Aluminium Smelter Company of ...
2007-03-26 12:19:52 Nickel Group owns 46.2% of OGK-3 share capital Norilsk Nickel Group completed the acquisition of a part of OJSC OGK-3 additionally issued shares. The stake of 17,836 bln shares was bought at RUB 4.54 (USD 0.173) per share. Total cash consideration amounts to RUB 80,976 bln (USD 3,085bln).
Total number of OGK-3 additionally issued ...
2007-03-26 11:00:02 MMK to announce intention to issue IPO Magnitogorsk Iron and Steel Works (MMK) has announced it is planning to have its GDRs representing its common shares listed on the London Stock Exchange as part of its global placement of the already existing and newly issued shares and GDRs. The flotation will take the form of an offering to ...
2007-03-26 10:46:55 UralKaly net income has been cut more than half UralKaly released its FY06 RAS net income. In line with the data, net income amounted to $135 mn or 2.06 times lower than in 2005 ($279 mn).
For the time being, the fertilizer producer has not yet published its IAS net income, but we expect ...
2007-03-23 13:26:39 The first warrant’s annual rate of JSC "Koks" was 8.7% Demand for the Bonds of the Second Issue by JSC «Koks» exceeded supply by 60% 22 March 2007 OAO Koks issued bonds raising 5 billion rubles for 5 years. It was the second bond placement of JSC «Koks». As a result of the tender the first warrant’s annual rate was ...
2007-03-23 10:22:43 Net income was up 50.6% in 2006 JSC Magnitogorsk Iron & Steel Works, one of Russia’s leading integrated steel companies, announced its audited consolidated financial statements for FY 2006, reported in accordance with US Generally Accepted Accounting Principles (US GAAP).
MMK Group’s net revenues in 2006 ...
2007-03-23 06:55:16 Metalloinvest to start steel mill construction in UAE in II quarter of 2007 Metalloinvest Management Company will start site construction works to build a still mill ( Hamriyah Steel) in the UAE in the second quarter of 2007. The project aimed at export markets diversification and added-value production output increase will take two years to be completed. ...
2007-03-22 23:17:47 Evraz Group is planning to buy a little more than 5% share holding of Nizhniy Tagil Iron and Steel Works According to Evraz Group press service the company is planning to buy a little more than 5% share holding Nizhny Tagil Iron and Steel Works. Mastercroft Limited, the company’s subsidiary that owns 94.997% of Nizhniy Tagil Iron and Steel Works, has offered 65.541 million shares (a little ...
2007-03-22 13:41:24 Norilsk Nickel to Increase its Share in Buryatiya Power Engineering up to 46,5% WGC-3 (Wholesale Generating Company) has summed up an additional emission of shares in Buryatiya. During the additional emission the company has floated 18 bln of shares for 4,54 rubles which will be fully bought by Norilsk Nickel Mining and Metallurgical Company.
Norilsk Nickel Mining ...
2007-03-22 12:43:37 ORMETO-YUMZ to Satisfy the Needs of an Indian Metallurgical Company in Rollers 80% ORMETO-YUMZ has concluded a contract with the largest Indian steel maker Steel Authority of India (SAIL) on supplies of rollers for hot and cold rolling mills in the first half of 2007. According to Metalloinvest press service, the cost of the contract has amounted to $11,5 mln. ORMETO-YUMZ ...
2007-03-22 11:44:28 Novosibirsk Metallurgical Works Named after Kuzmin to Invest 40 mln Rubles into Ecological Projects Novosibirsk Metallurgical Works Named after Kuzmin will invest 40 mln rubles into projects aimed at increase of ecological safety. According to the press service of Estar Management Company, this is almost 5 times more as compared to 2006. This year the works plans to invest a considerable ...
2007-03-21 16:50:07 RUSAL will give credit for USD 500 mln RUSAL, the world's top-three aluminium producer, announces the successful completion of a deal to secure a syndicated loan of USD 500 mln to bring the Khakas Aluminium Smelter up to full capacity and refinance the previously secured loans.
The deal is a rare example of a classic project ...
2007-03-21 10:58:40 Evraz: drop in quotation was short-term After yesterday’s decline triggered by news of a methane explosion at the Ulyanovskaya Mine, Evraz Group’s depositary receipts virtually won back losses to the price levels of Monday’s close. It looks as though the market soon realized ...
2007-03-21 10:47:29 An average repair of a boiler have begun at MMK An average repair of a boiler unit «Babkok-Vilkoks» # 4 of boiler sites # 2 of steam boiler power station have begun at MMK.
The repair will take 25 days. Electrorepair of MMK, JSC acts as the contractor.
The steam boiler power station is designed to blow blast ...
2007-03-20 12:21:35 The Company Coverico Holdings Co. Limited has purchased 12,18% of shares of Norilsk Nickel The Company Coverico Holdings Co. Limited has purchased 12,18% of shares of Norilsk Nickel, a mining and metallurgical company. Before the transaction Coverico share was 0%. Interros press-service has informed that the changes in stockholders are of technical character and they will not cause ...
2007-03-20 11:58:20 Kirov Plant to Invest Rub 1,63 bn in Building of New Foundry Kirov Plant ( St. Petersburg ) has determined the main points of its investment program in 2007-2011.
The program includes building of a new foundry in Gorelovo village (project cost Rub 1,63 bn), modernization of the production facilities of Petersburg Tractor Plant (project cost ...
2007-03-20 10:48:25 OMK has signed a deal with Spain's Fagor and Italy's Danieli for rolling mill spare parts Pipe and metals holding United Metallurgical Company (OMK) will invest upwards of $140 million in the expansion of the first stage of a smelter, which is under construction in the Nizhny Novgorod region, OMK said in a statement.
OMK has just signed a deal with Spain 's ...
2007-03-20 10:31:09 Rosneft and TMK Sign Strategic Partnership Agreement JSC NK Rosneft and JSC TMK announced today that they have agreed to develop a long term strategic partnership. The agreement was signed in Moscow by Rosneft’s First Vice President Sergei Kudryashov and TMK’s CEO Konstantin Semerikov.
The partnership has been agreed for ...
2007-03-19 15:47:14 Delegation of top-managers of Stalepromyshlennaya Company visited China Delegation of top-managers of Stalepromyshlennaya Company, JSC (SPK) visited China on March, 9 -16. The purpose of the business trip was to know international experience in organization of steel service centers.
During the business trip SPK management has conducted business ...
2007-03-19 12:19:15 MMK and ENRC have announced signing a ten-year iron ore supply Magnitogorsk Iron & Steel Works (MMK) and ENRC Marketing & Sales, the sales and marketing arm of Eurasian Natural Resources Corporation (ENRC) have announced signing a ten-year iron ore supply.
ENRC Marketing & Sales will supply iron ore from SSGPO (Sokolov-Sarbai Mining ...
2007-03-19 11:28:52 Russian titanium At present, due to problems in a project to develop ultra modern A-380 airplanes Airbus, the European aerospace giant, could decide to purchase less Russian titanium which is manufactured by VSMPO-Avisma, the world’s leading titanium corporation, ...
2007-03-19 11:10:31 Reduction in income In 2006 Izhstal generated some $12.5 mn as net income or 4.7% less than a year ago.
2006 net income contracted due to a spike in prices for main raw materials and energy.
2007-03-16 11:35:14 Russia ups aluminium production 3.1% in February Russia increased aluminium production a 3.1% in February (294,210 tonnes).
Russian alumina output rose 6.1% to 254,417 tonnes.
CIS aluminium production grew 3.2% to 335,026 tonnes. Ukraine reduced production 0.6% to 8,716 tonnes while Tajikistan raised it 5.2% to 32,100 tonnes.
2007-03-15 19:00:18 JSC TMK and HAEUSLER AG signed the delivery contract JSC TMK ant HAEUSLER AG of Switzerland , one of the world’s biggest producers of welded pipe production equipment, signed the delivery contract for a new facility for the production of large diameter longitudinal welded pipes.
The new facility will produce longitudinal welded ...
2007-03-15 16:13:00 OMZ and Rosneft Sign Contract for Four Spherical Gas Holders Supply OMZ Oil and Gas Projects (Izhora), part of OMZ (Uralmash-Izhora Group) has signed a contract with Rosneft Oil Company for the manufacture, delivery and "ready-to-operate" assembly of four spherical gas holders with 600 cubic meters capacity for the Tuapsinsky Oil Refinery (Krasnodar ...
2007-03-15 15:44:54 Severstal buys Victory Industries JSC STOIK that is affiliated to Severstal has acquired the Victory Industries Inc (Dearborn, Michigan, USA).
"The main reason for buying the assets of Victory Industries Inc is to develop equipment servicing for Severstal North America, which Severstal acquired in 2004," ...