2008-02-18 10:45:33 ChTPZ Group Ferrous Division Ships 107.9 thou tn of Product to Customers in January 2008 Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant shipped 107.9 thousand tn of pipe products to customers in January 2008, a decrease of 27% as compared to January 2007 results (148.4 thousand tn).
In January 2008, Chelyabinsk Tube-Rolling Plant shipped 58.2 thousand tn of pipe ...
2008-02-15 15:29:45 Severstal completes acquisition of 100% share capital of Celtic Resources Holdings PLC Severstal announces that Centroferve Limited, a wholly owned subsidiary of Severstal, has completed the acquisition of gold miner Celtic Resources Holdings plc (“Celtic”). As at 30 January 2008, when its Offer for Celtic closed, and upon completion of the compulsory acquisition ...
2008-02-14 11:23:03 Chelyabinsk Zinc Plant Reports 11.2% Production Increase for the 12 Months of 2007 January through December 2007, Chelyabinsk Zinc Plant (CZP) produced 165,007 tn of SHG zinc and zinc based alloys, an increase of 11.2% as compared to the same period of 2006 (148,384 tn). 49% of zinc sales (by tonnage) were made on the domestic market. The largest Russian steel producers: MMK, ...
2008-02-12 13:53:33 UC RUSAL announces new appointments
Oleg Burkatsky, formerly the Managing Director of Krasknoyarsk Aluminium Smelter, has been appointed Managing Director of the Bogoslovsk Aluminium Smelter. He is replaced at the Krasknoyarsk plant by Evgeny Zhukov, who was formerly the Managing Director of the Sayanogorsk Aluminium ...
2008-02-11 17:07:07 NLMK commissions high capacity continuous casting machine Novolipetsk Steel has refurbished and commissioned its most productive 2.5 mln tpa continuous casting machine (CCM-6) which produces a wide range of high-quality slabs of various grades.
This upgrade enables a 1.2 mln tn, increase in capacity by ensuring higher surface and ...
2008-02-11 12:19:26 VSMPO-AVISMA Corporation and SAFRAN entered into new Long-Term Supply Agreement PSC “VSMPO-AVISMA Corporation” announced that it has entered into a new, long-term titanium supply agreement with SAFRAN and its Snecma, Turbomeca, Messier-Dowty, Microturbo and Techspace Aero operating units. The agreement, effective as of January 1, 2008 provides for VSMPO-AVISMA ...
2008-02-08 12:48:50 Farid Kantserov is a New Chairman of the Board of Directors OMZ announced the election of Farid Kantserov as Chairman of the company's Board of Directors.
Farid Kantserov is the Deputy Chairman of the Managing Board of Gazprombank OJSC. He was born in 1949. He has a legal education. After working in law enforcement, he then joined Gazpromenergosbyt ...
2008-02-07 13:22:25 Basic Element Announces Creation of Scientific and Technical Centre Basic Element announces the establishment of a Scientific-Technical Centre. In the very near future, the STC will begin introducing the latest advances by Russian and international scientists at more than 80 Basic Element enterprises and invest in developing the group’s own ideas and ...
2008-02-07 12:26:21 TMK Strengthens Market Position with Premium Connections TMK plans to double its production of premium threaded tubing, casing and drill pipes to 24,000 tn in 2008. TMK Premium Service, a division of TMK, focuses on strengthening the Company’s position in both domestic and international markets in this high-tech segment. From 5,500 tn of ...
2008-02-06 14:13:51 Severstal Releases 2007 Operational Results Production of crude steel in 2007 was 17.5 mln tn, broadly in line with 2006 numbers. The decrease in production at Severstal North America during the period (due to the planned relining of blast furnace “C”) was compensated for mainly by growth in Russian Steel. Production of ...
2008-02-06 14:03:54 MK Uralmash ships the second trestle crane for Kudankulam NPP in India Uralmash Machine-Building Corporation (MK Uralmash) has shipped the second trestle crane for Kudankulam NPP (India). Earlier, the company shipped two polar cranes, one fresh fuel storage crane, and the first trestle crane - in May 2006, for this nuclear power plant. All equipment was ...
2008-02-06 11:40:16 UC RUSAL launches new potrooms at Irkutsk Aluminium Smelter UC RUSAL announced the launch of two new potrooms at the Irkutsk Aluminium Smelter (IrkAZ). The new production facilities will boost annual aluminium production capacity by more than 55% to 460,000 tn, with total investment in the project exceeding $600 mln.
The first start-up complex of the ...
2008-02-05 14:33:54 CEO of EN+ Appointed Vladislav Soloviev has been appointed CEO of EN+, a holding which unites the energy, coal, oil and aluminum businesses of Basic Element
For the last seven years, Vladislav Soloviev has been Finance Director at UC RUSAL with responsibility for financial planning systems and ...
2008-02-05 14:04:21 OMZ Foundry Production Implements Latest Technologies OMZ Foundry Production, a part of OMZ, announced plans for a switch to the production of medium and small sized casting products using Alphaset Process Technology by mid-2008.
Alphaset Process Technology simplifies the procedure for mold knockout and delivers significant quality ...
2008-02-05 12:25:33 MMK Becomes a Direct Owner of a 50% Interest in Kazankovskaya Coal Company OJSC MMK has acknowledged transfer of title to a 50% share package of ZAO Kazankovskaya Coal Company from OOO MetAl.
The transfer occurred as part of the procedure of a voluntary liquidation of OOO MetAl, a 100% subsidiary of OJSC MMK. The 50% package, earlier owned by MetAl, was transferred ...
2008-02-05 06:14:01 Mechel masters unique wire production technology at its Beloretsk Metallurgical Plant subsidiary Mechel announces that its Beloretsk Metallurgical Plant subsidiary succeeded in mastering a unique technology to produce stabilized reinforcing wire for prestressed concrete structures used in the construction industry.
The equipment supplied in March 2007 by one of the leading European ...
2008-02-04 14:21:47 METALLOINVEST to supply 80% of HBI total output in 2008 under long-term contracts Metalloinvest signed long-term contracts to supply 80% of Hot Briquetted Iron (HBI) total output in 2008. After setting up the second HBI production line at Lebedinsky GOK the Holding intends to increase HBI production capacity up to 2.4 mln tn against current 1.4 mln tn.
The contracts ...
2008-02-04 11:53:53 UC RUSAL and China Power Investment Corporation announce strategic partnership UC RUSAL is pleased to announce that it has signed a Memorandum of Understanding (MoU) with China Power Investment Corporation (CPI) for a strategic partnership to create a vertically integrated aluminium production complex. The complex will consist of a bauxite-alumina complex in Guinea and an ...
2008-02-04 10:52:06 MMK-METIZ Boosts Production by 22% In 2007 the Magnitogorsk MMK-Metiz Plant manufacturing steel wire, cables, mesh and fasteners (“metalware”), and forming part of the OJSC MMK Group, produced 32% of Russia’s total output of such products.
Last year the production level at the Magnitogorsk ...
2008-02-01 11:46:33 Russian producers offer pig iron at above $500 cfr Russian merchant pig iron producers have increased offers to above $500 per tonne cfr southern Europe for basic steelmaking grades but buyers have so far resisted further increases.
Italian buyers have paid as much as $495 per tonne cfr for March shipments since the New Year and ...
2008-01-31 12:35:08 Severstal sells two mines Severstal announced today that it has reached agreement to sell Arcelor Mittal its 97,59% stake in the Beryozovskaya Mine together with its 99.35% stake in the Pervomayskaya Mine. Both mines are located in Kemerovo Region, Russia, and produce coking coal.
As part of the deal, Severstal will ...
2008-01-30 12:51:59 TMK announces its production results for 2007 For the year 2007, the total volume of shipped (refers to shipped from TMK plants for subsequent sale to customers) pipe products amounted to 3,074,000 tn.
Volumes of shipped pipe products in 2007 (thousands of tonnes)
...
2008-01-29 12:38:09 UC RUSAL announces its production and summary financial results for 2007
Revenues increased by over 11% to USD 14.3 bln compared with USD 12.9 bln in 2006
Overall investment rose by 45%, amounting to USD 2.9 bln
Aluminium production increased by 6% to 4.2 mln tn
Output of high value-added casthouse products increased by ...
2008-01-29 11:24:22 2007 Performance Results In 2007, production of metallurgical and steam coal at the enterprises of Belon Group totaled 4,655,000 tn, thus exceeding the respective index of the preceding year by 37%.
The production volume of metallurgical coal increased by 16% against the ...
2008-01-28 13:49:07 IZ-Kartex Expands its Order Portfolio for 2008 IZ-Kartex, a part of OMZ (Uralmash-Izhora Group) announced a significant expansion of its portfolio of orders for 2008.
The company has concluded a number of agreements to supply mining shovels to Russian, Ukrainian and Vietnamese mining companies. The total value of the agreements ...
2008-01-28 12:59:28 Evraz increases its stake in West Siberian Heat and Power Plant to 100% Evraz Group announces that Evraz Group through its subsidiary has completed the buyout of all outstanding common stock of West Siberian Heat and Power Plant (“ZapSibTETs” or “Plant”).
The procedure was carried out in accordance with the Russian legislation through ...
2008-01-28 11:58:02 Novolipetsk Steel to acquire international steel trading companies OJSC Novolipetsk Steel (LSE: NLMK), the leading Russian steel producer, announces today that its 100% owned subsidiary, NLMK International BV (Netherlands), has signed an agreement to acquire a 100% stake in Novexco (Cyprus) Limited and 100% of Novex Trading (Swiss) S.A., both trading ...
2008-01-25 14:08:27 An Aluminium Smelter to be Built in Sakhalin The first in 2008 meeting of journalists with Mr. A. Khoroshavin, Governor of the Sakhalin Region was held at the Administration of the Sakhalin region. Mr. A. Khoroshavin announced that building of an aluminium smelter in the Uglegorsk region was important for Sakhalin. It was discussed at ...
2008-01-25 14:07:31 Izhora Tubes and Pipes Works to Produce K65(X80) Pipes Coordination Council of 2 Severstal affiliated enterprises – Cherepovets Steel Works and Izhora Tubes and Pipes Works have summed up 2007 cooperation results and worked out strategy for 2008.
According to Mr. A. Kruchinin, Director General Cherepovets Steel Works and Chairman of ...
2008-01-24 14:36:33 Great Britain Fears of Transfer of IPO Rusal from London Financial Times with a reference to a Basic Element top manager as a source has reported that IPO of UC Rusal for more than $9 bln may be transferred from LSE to Hong Kong. According to the source, the chances are high (95%). The publication continues it is largely due to toughening of LSE ...
2008-01-24 14:10:53 Karabashmed has Entered into Second Stage of Modernization Basing on Ausmet technology Karabashmed has entered into second stage of modernization and extending of production. The second stage includes building of the second sulfur plant and the second oxygen station before 2011. The project also includes building of the second stockyard and an ...
2008-01-24 14:08:38 Vyksa Steel Works to Invest 2.3 bln rubles in Modernization of Oil and Gas Tubes Mill In 2008-2009 Vyksa Steel Works will invest 2.3 bln rubles in modernization of a mill in electric welding tubes plant #3, small and medium diameter tubes production complex. Electric welding tubes plant #3 produces oil and gas tubes of 203-530 mm in dia.
The project includes setting up of ...
2008-01-24 14:06:45 MMK Provided Guarantee MMK Trading AG for $ 600 mln Magnitogorsk Iron and Steel Works has become an underwriter of the agreement on credit line arrangement sighed between its sister company MMK Trading AG and BNP Paribas, a Swiss bank. The decision was made on January 21, 2008 at the stockholders’ meeting. The cost of the transaction ...
2008-01-24 13:43:34 Estar shareholder agrees to buy Istil Istil Metallurgical Holding (IMH) has agreed to sell its Donetsk mini-mill Istil to Vadim Varshavsky, a major shareholder in Russia’s Estar Group, according to a press release distributed on Thursday.
Varshavsky, who is also a State Duma deputy in Russia, has entered into the ...
2008-01-23 12:11:10 Novolipetsk Steel trading update for Q4 2007 and FY 2007 Novolipetsk Steel released the following regular trading update for Q4 2007 and FY 2007. In general, NLMK’s main production site and major subsidiaries successfully realized production targets in 2007. Meanwhile, growing steel prices, as well as changes in the product mix towards ...
2008-01-23 11:28:38 European Commission extended divestiture period in respect of Highveld’s vanadium assets Evraz Group announces that the Commission of the European Communities has further extended until 20 April 2008 the divestiture period during which Highveld Steel and Vanadium Corporation Limited (“Highveld”), South Africa, is obliged to dispose of certain vanadium assets of Highveld.
2008-01-22 15:16:10 UC RUSAL and International Aluminium Institute (IAI) join efforts in safety initiatives UC RUSAL, the world’s largest aluminium and alumina producer, is pleased to announce that Victoria Petrova, the head of the company’s HR Directorate, has been appointed co-chair of the Safety Committee of the International Aluminium Institute (IAI). This appointment provides UC ...
2008-01-22 15:12:34 Volgograd Steel Works "Кrasniy Oktyabr” Increased Output by 2% in 2007 In 2007 Volgograd Steel Works "Кrasniy Oktyabr” melted 732.3 thou tons of steel which is 2% more compared to 2006 (714.9 thou tons). Prefabricated products output increase by 3% reaching 533.4 thou tons (in 2006 – 514 thou tons). Nevertheless, in term of money this index ...
2008-01-22 14:53:29 FAS Allowed Norilsk Nickel to Trade Nickel with 3% Maximum Surcharge Federal Antimonopoly Service of the Russian Federation (FAS) has approved of the application of a group representing Norilsk Nickel, Norilsk Supplying Complex, Zapolyarie Building Company, Norilsk Industrial Transportation, Zapolyrie Health Center, Norilsknickelremont, Norilsk-Telecom, Taimyr ...
2008-01-22 14:08:17 Rostov Electric Metallurgy Works to Start Series Melting On January 19 scheduled tests were successfully performed at Rostov Electric Metallurgy Works (Shakhty, the Rostov region), press service of Estar Group of Companies reports. The Works is now ready to start series melting.
Estar Group of Companies, Metallurgical Holding incorporates: ...
2008-01-21 14:29:28 Changes in Russian Aluminium Shapes Market Analysis of development of Russian aluminium shapes market clearly shows an active growth of extrusion facilities. For example, in December 2006 Agrisovgaz (Maloyaroslavets, the Kaluga region) put into operation a new extrusion line with the force of 1.850 thou tons which will enable to ...
2008-01-21 12:16:01 MMK Increased Blast Furnace Capacity A general overhaul of blast furnace #9 finished at Magnitogorsk Iron and Steel Works. Setting up of a bellless charger by Paul Wurth (Luxemburg) was part of the project. Due to the general overhaul steel quality will improve and output will increase, whereas the setting up of the new charger ...
2008-01-21 11:51:34 Chusovoy Metallurgical Works Increased Output in 2007 In December 2007 Chusovoy Metallurgical Works produced 41.2 thou tons of rolled products (up 84% against 22.4 thou tons in December 2006), UMC press-service reports. In 2007 the total rolled products output reached 449.3 thou tons, which is 24.1 thou tons more compared to the total output in ...
2008-01-18 14:13:21 New Director General of ChTPZ Group has Been Appointed On January 15, 2008 Mr. Pavel Pelyugin, former Sales Director of ChTPZ was appointed Director General of ChTPZ Group, a management company of Chelyabinsk Tube-Rolling Plant and Pervouralsky Novotrubny Works.
Mr. Vitaly Sadykov who had been Director General of ChTPZ Group since 2002 ...
2008-01-18 13:08:07 Norilsk Nickel will Increase Output By experts’ estimations in 2008 value of Norilsk Nickel shares will continue increase. According to IFC Metropol, today fair value of the shares reaches $340.4 per a share and the value increase potential is expected 28% against the present value.
Analyst assume that the recent ...
2008-01-18 12:57:24 Mechel has Summed up 2007 Production Results In 2007 Mechel increased steel output by 2% to 6.09 mln tons compared to 2006. Last year pig iron output reached 3.685 mln tons (1% up compared to 2006), coke – 3.886 mln tons (51% up), nickel – 17 thou tons (19% up), mesh products – 683 thou tons (12% up), forgings – ...
2008-01-17 17:14:02 Magnezit Group Bought SLOVMAG Refractory Plant Magnezit Group bought 99.6% stake of SLOVMAG, Lubenik, Slovakia, the largest producer of refractory materials in Eastern Europe. The works operates a complete cycle of production of magnesia products and unmolded materials including magnesite excavation and dressing, magnesite powders ...