2009-09-04 10:55:19 Expert RA Rating Agency to assign credit rating to OMZ Expert RA Rating Agency has assigned A Credit Rating to OMZ OJSC (Uralmash-Izhora Group). The A level means High Level of Creditworthiness. The agency's experts refer to a high probability of support of the company by Gazprombank, OMZ's owner, as to a factor which contributed to the rating ...
2009-09-03 12:33:05 Realit increases output by 30% Crisis management measures taken at Realit have turned out to be efficient. Last month’s production plan has been fully fulfilled even exceeded on some points. Growth in aluminium profiles output has reached 30%, while increase in dispatched products volume has reached 34%. All this has ...
2009-09-02 11:55:32 Evraz announces 2009 interim results Evraz Group S.A. today announces its unaudited interim results for the six months ended 30 June 2009. 1H 2009 Highlights: Financials: * Revenue US$4,639 million * Consolidated adjusted EBITDA US$468 million∗ * Net loss US$999 million, negatively impacted by US$833 million due ...
2009-09-02 11:27:49 Bogatyr resumes operations After a temporary shutdown of mining operations, TOO Bogatyr Komir, a joint venture of RUSAL and the Kazakhstan state-owned holding Samruk-Energo, fully resumed extraction and delivery of coal to power plants in Kazakhstan and Russia on 30 June 2009. In June, Bogatyr miners completed scheduled ...
2009-09-01 11:45:58 Stupino Metallurgical Company puts new cutting line into operation Stupino Metallurgical Company has put into operation a long-cut aluminium alloys lagging sheets cutting line as part of the RusSpetsStal investment program aimed at modernization of production facilities and extending of its high tech products range. Launching of this production is one of the ...
2009-09-01 10:46:48 NLMK discontinued discharge of industrial effluents Novolipetsk Steel has discontinued the discharge of industrial effluents into the Voronezh river, whilst decreasing consumption of river water by 3 times. This was achieved through the completion of a large-scale refurbishment of the process water supply system and the introduction of a new ...
2009-08-31 10:00:00 Metal-Expo to register with Wikipedia A page of Metal-Expo’2009, 15th International Industrial Exhibition has recently been pasted on Wikipedia, a global free encyclopedia. The contents of the page includes description of 15 main sections of the exhibition, program of events as well as the role of the event in the Russian ...
2009-08-28 11:13:18 RUSAL and RusHydro Agree on Major Issues on Launching Boguchanskaya HPP Ahead of Schedule Moscow, 27 August 2009 – RUSAL and RusHydro, the partners in the BEMO project, held an extended meeting to discuss the launching of the Boguchanskaya HPP, part of the BEMO project, ahead of schedule. In particular, the parties agreed to hold a tender in September for construction and ...
2009-08-28 11:09:44 Metal cord production to be launched in the Lipetsk Region Projects on setting up facilities for high conversion steel products manufacture are carried out in Special Economic Zone Lipetsk. At a press conference Oleg Korolyov, Governor of the Lipetsk region, said that despite a difficult economic situation in the Russian market, no investor had left ...
2009-08-27 10:54:17 Chelyabinsk Zinc Plant Reports Production Results for the H1 2009 Chelyabinsk Zinc Plant (LSE: CHZN, RTS: CHZN, MICEX: CHZN), Russia’s largest producer of zinc and zinc alloys, announces its production results for the first half of 2009. January through June, 2009, Chelyabinsk Zinc Plant (CZP) produced 51,686 tonnes of salable SHG zinc and zinc based ...
2009-08-27 09:16:45 OMZ Special Steels Certified by Germanischer Lloyd MOSCOW - OMZ (Uralmash-Izhora Group) (RTS: OMZZ; LSE: OMZD; OTC: UHMVY), a leading heavy machinery company with assets located in Russia and the Czech Republic, announced that its OMZ Special Steels company has successfully passed a certification of its steel forgings designed for shipbuilding. ...
2009-08-26 13:42:39 VSMPO-AVISMA at Aeroshow MAKS-2009, Moscow VSMPO-AVISMA work started at the Aeroshow MAKS-2009 and was famous of VIP-persons visits. The first one approaching the booth, which was decorated with a big poster «Russian Titanium in the world-wide aviation», was Sergey Chemezov, Director General of the State Corporation ...
2009-08-26 13:33:12 Metallurgic Plant Named after A.K.Serov Receives Certification According to ISO/TS 16949:2002 Following the results of re-certification audit JSC “Metallurgic plant named after A.K. Serov” (an enterprise of the ferrous division of UMMC) has received an international certification according to the Standard ISO-TS 16949:2002 with the period of validity till 2012. Positive ...
2009-08-26 12:53:04 Mechel Announces Establishing Its Representative Office In the Republic of Korea Currently Mechel’s representative office in the Republic of Korea (South Korea) is the first Russian corporate representative office in the mining and metals industry in the country. Other large Russian companies having permanent representative offices in South Korea are Russian ...
2009-08-25 11:28:00 Representatives of VTB Bank are in Metalloinvest Board of Directors A new Board of Directors was elected on the 11th of August 2009 in accordance with the decision of the Metalloinvest Management Company. Joining the Board for the first time are Aladyshev Kirill Yurievich and Musatov Andrey Igorevich. Commenting on the new Board of Directors, Farhad Moshiri, ...
2009-08-21 13:27:26 OMZ Special Steels Certified by Bureau Veritas OMZ (Uralmash-Izhora Group) announced that its OMZ Special Steels company has successfully passed a certification of its steel forgings designed for shipbuilding and marine engineering. The certification procedure was conducted by the Bureau Veritas (BV), a French classification organization. ...
2009-08-21 01:30:24 NLMK implements environmental protection project in steelmaking Novolipetsk Steel has begun work on the next stage of the reconstruction of the gas exhaust ducts of its BOFs system, which is aimed at enhancing the reliability of the lines and reducing their environmental impact. The implementation of this project at the main Lipetsk site will ...
2009-08-20 11:25:50 Fill out the Form to Receive the Visitor Badge Now! This year some 30 thousand professionals are expected to visit Metal-Expo’2009 on November 10-13 to get information, exchange opinions, understand trends in the market, and to make plans for the future. Though the Organizer of the exhibition does its best to improve the visitor service ...
2009-08-20 01:29:52 Gubakha Coke and Vyksa Steel Works report its operating results for July 2009 Gubakha Coke (Perm Territory), part of United Metallurgical Company (OMK), has reported its operating results for July 2009. In July, Gubakha Coke achieved bulk coke production of 28.2 thousand tn and processed 4.1 thousand tn of coal pitch. The customers' orders were fulfilled 100%. As ...
2009-08-19 12:23:42 TMK Ships Premium Connections to TNK-BP TMK announced that it began shipments of premium threaded casing pipe to TNK-BP. The shipments are carried out by TMK Premium Service within the framework of a global cooperation agreement between TMK and TNK-BP. Before the end of August, TMK Premium Service will ship 1.3 thousand tn of 168.3 ...
2009-08-18 14:59:29 MMK starts production at its Sosnovsky iron ore deposit In October 2003 MMK obtained a license to develop the Sosnovsky iron ore deposit situated in Chelyabinsk region 360 km away from MMK production site. In February 2007 MMK acquired 51% of the iron ore producing company OOO Bakalskoe Rudoupravlenie (OOO BRU). In September 2007 the license to ...
2009-08-17 14:14:43 VSMPO-AVISMA Corporation summed up the results of work in the 1st half of 2009 VSMPO-Avisma Sales proceeds in the 1st half of 2009 was 12.8 bln roubles. AS compared to similar index for 2008 decrease totaled 14,2%. The main cause of sales proceeds decrease was lowering of sales volume in natural units, conditioned by the effect of the world-wide financial crisis. Net ...
2009-08-17 12:41:41 Evraz issues new shares completing bond and equity offerings Evraz Group S.A. ("Evraz") in connection with its offering of 7.25% convertible bonds ("Bonds") due 2014 and global depositary receipts (“GDRs”) listed on the London Stock Exchange announced previously on July 8, 2009, on August 13 announced the issue of ...
2009-08-17 11:31:04 Oskol electrometallurgical plant successfully passed recertification ecological audit The second recertification ecological audit is successfully completed at OEMK. Certification bureau “Veritas” experts mentioned a positive experience of internal audit and implementation of the waste calculation system based on R/3 program solution. Environmental Management System ...
2009-08-11 14:32:03 Conference on Non-Ferrous Metals to be Held in Moscow Metal Supply & Sales Specialized Magazine, General Information Partner of Metal-Expo exhibitions is in the middle of organizing Russian Non-Ferrous Metals Market, 2d International Conference. The conference will gather together heads and specialists of non-ferrous metals processing ...
2009-07-27 17:29:05 Around the World in Four Days Manufacturers of metal and steel products, equipment for steel industry and metal working, steel service centers and warehouses, as well as mining industry from almost all the continents will present their products, latest developments, and share their know-how during the four days of ...
2009-07-23 16:03:03 Mechel continues implementing its social programs Mechel announces that it continues implementing its social programs at all of its subsidiaries. The programs are aimed at providing support to Mechel’s employees’ families, to the youth and elderly generation. In spite of the world financial and economic crisis, all of ...
2009-07-22 16:01:02 Sberbank of Russia and PSC VSMPO-AVISMA Corporation to open credit lines Sberbank of Russia is opening for PSC VSMPO-AVISMA Corporation two nonrevolving credit lines limiting to a total of USD 165 mln for the periods of 5 and 1 year accordingly. The Russian titanium company is planning to use the facilities for financing investment outlay and re-financing debt to ...
2009-07-21 01:49:15 Severstal restarts blast furnace No.1 at Cherepovets Steel Mill Severstal announced that it restarted Blast Furnace No. 1 at its Cherepovets Steel Mill (Russia). The restart of the furnace will optimize the production process at the facility, with a total capacity of 1.1 mln tonnes of pig iron per year.The 1,007 m³ furnace was idled in December ...
2009-07-20 16:47:27 TMK Announces 2009 First Half Production Results The decrease in pipe shipments was mainly related to the weak market demand observed in the first and second quarters of the year. The Company estimates that the Russian pipe market declined by 34.8% in the first half of 2009 as compared to 1H08. Despite the weak pipe market, the Company ...
2009-07-16 10:55:49 NLMK acquires additional 25% stake in NSMMZ Novolipetsk Steel announces that on 15 July 2009 it acquired a 25% stake in NSMMZ, a Maxi-Group production facility, from Metallurgical Holding. NLMK’s ownership has increased to 57% including the shares that NLMK acquired in the loans-for-shares auction conducted on 25 June 2009. Before ...
2009-07-15 10:48:22 Evraz Group 2Q09 Operational Results Evraz Group S.A. today released its operational results for the second quarter of 2009. Read full text of the press release here .
2009-07-13 15:15:00 Mechel announces refinancing of Its Short-Term Credit Facilities Mechel announces signing of the agreements to refinance its short-term credit facilities totaling $2.6 bln raised to purchase assets in Yakutia and Oriel Resources Ltd. (Great Britain). As a result of negotiations with syndicates of banks that provided Mechel with credit facilities for ...
2009-07-10 11:22:25 Trading update for the period since March 31, 2009 Evraz Group S.A. issued a trading update for the period since March 31, 2009. The financial information in this press release has been prepared in accordance with management account policies. The following results may differ from financial statements prepared in accordance with International ...
2009-07-08 10:35:33 VTB Severo-Zapad grants Severstal facilities Severstal announces that Russian bank VTB has granted the Company a two-year 1.99 billion ruble credit facility (revolving credit line). The loan proceeds will be used for working capital purposes.
2009-07-07 04:18:33 Chelyabinsk Zinc Plant holds AGM On June 30, Chelyabinsk Zinc Plant has held its Annual General Shareholders’ Meeting. Participants in the AGM, including shareholders and their representatives, control 73.46% of the Company’s voting shares. On behalf of the Board, Vsevolod ...
2009-07-06 12:12:04 Potential consumers expressed interest in the 5,000 mm Plate Mill products In Saint Petersburg under the aegis of FSUE Central Research Institute of Structural Material “Prometey”, OJSC MMK’s representatives met the Institute specialists and shipbuilding companies. Such events involving MMK and its major sectoral consumers since long ago ...
2009-07-02 11:59:47 Kola MMC named the best Russian exporter - 2008 On June 30 the Russian Ministry of Industry and Trade held an Award Ceremony “Russia’s Best Exporter in 2008”. The ministry’s experts selected Kola MMC, a subsidiary of OJSC MMC Norilsk Nickel as a winner in the category “Best Russian Exporter in the Nonferrous ...
2009-07-01 11:54:28 TMK: General Meeting of Shareholders of the Company was held in Moscow on June 30, 2009 Shareholders approved the annual report and financial statements for the 2008 financial year as well as elected the Board of Directors and the Audit Commission. OOO «Ernst&Young» was approved to be OAO «TMK» auditor. Shareholders also voted against the payment of ...
2009-07-01 10:47:49 Electric furnace No. 1 at Tikhvin Ferroalloy Smelting Planthas been commissioned JSC “TFZ” is a subsidiary of Oriel Resources Ltd. (Great Britain). Today all of the four electric furnaces concurrently operate at Tikhvin Ferroalloy Smelting Plant. Oriel Resources Company Ltd. (Great Britain), acquired in April 2008 and representing Mechel’s ferroalloy ...
2009-06-30 06:31:22 Le Bourget: we’ve had a good run “We will get along!” – this is how Oleg Leder, Sales and Marketing Director, summarized the outcome of VSMPO-AVISMA Corporation representatives work at Le Bourget - 2009. The planned arrangements were realized and all meetings held. During the air show everybody respectfully ...
2009-06-30 06:29:04 NLMK’s quality management system complies with world standards Novolipetsk Steel has successfully passed the second audit of its Quality Management System for compliance with the requirements of the international standard ISO/TU 16949:2002 “Quality Management Systems: special requirements for the application of ISO 9001:2002 in the automotive ...
2009-06-29 07:36:48 Metalloinvest and Rosnedra signed the license agreement to develop Udokan copper deposit Metalloinvest and the Russian Subsoil Agency (Rosnedra) signed the license agreement to develop Udokan copper deposit. The signed agreement is sent to the Russian geological fund “Rosgeolfond” for registration. According to the regulatory documents the full payment for the ...
2009-06-29 01:23:45 NLMK acquires Maxi Group subsidiaries in auction NLMK announces that on 25 June 2009 it acquired a batch of shares in Maxi-Group subsidiaries, including the stock of NSMMZ, Uralvtorchermet and UZPS. The auction was conducted to meet Maxi-Group obligations under previously taken loans. As part of the auction, NLMK acquired: 32% of ...
2009-06-25 11:22:10 Mechel Announces Starting New Production at Korshunov Mining Plant Mechel announces starting production for repair of type 2 BC-105 dump cars at its Korshunov Mining Plant subsidiary and obtaining a permit for the repaired dump cars to be used at railways of Russia. To establish the production reconstruction of repairs and mechanics shop was ...
2009-06-23 15:39:56 Evraz Group S.A. issued its first quarter of 2009 trading update Highlights: Revenue for the three-month period ended March 31, 2009 was $2,413 mln Adjusted EBITDA was $305 mln with adjusted EBITDA margin of 12.6% Interest expense was $187 mln Total debt as of March 31, 2009 amounted to approximately $9,041 mln, including $3,775 mln of short-term ...
2009-06-23 12:13:53 Casting-machine repair Major repair of casting-machine# 1 have been finished (blast furnace plant of Tulachermet). Casting machine#1 was stopped for repairs on April,7th. Within the time period of more than 2 months repairs of drawing construction, pipe and engines of the casting machine have been executed, the ...
2009-06-22 16:49:01 Conclusion of a contract for completion of unit 3 and 4 at Mochovce NPP SKODA JS a.s., a part of OMZ Group, announced the contract for completion of the nuclear island of Unit 3 and 4 at Mochovce NPP was signed in Bratislava between SKODA JS a.s. and Slovenske elektrarne, a.s. Thereby a two-year period of negotiations and preparations is crowned. SKODA JS is one of ...