2011-10-28 09:30:00 Izora Plants produced hydrotreater for TAIF-NK
Izhora plants, part of OMZ Group, completed the construction of the DS-302 hydrotreater for TAIF-NK oil refinery (Republic of Tatarstan, Nizhnekamsk).
Weight of the reactor is 212 tons, diameter – 4,800 m, length - 15 meters. High quality of the treater was guaranteed by the use of ...
2011-10-27 09:45:00 MMK Group announced its operational results for Q3 and 9 months 2011.
Total MMK Group crude steel output in Q3 2011 amounted to 3,182 thousand tons, 13% higher q-o-q; finished steel products output in Q3 2011 amounted to 2,953 thousand tons, 13% higher q-o-q.
MMK crude steel output in Q3 2011 amounted to 3,015 thousand tons (8% higher q-o-q), crude steel ...
2011-10-27 09:20:00 Severstal reports Q3 and 9 months 2011 operational results
Severstal, JSC, one of the world’s leading vertically integrated steel and mining companies, announced its operational results for Q3 and 9 months 2011. As of October 2011, Severstal starts reporting average prices instead of volume weighted average prices. The data for the previous ...
2011-10-26 13:58:59 MMC Norilsk Nickel proceeds to the next stage of Bystrinsky minefield development
MMC Norilsk Nickel, JSC proceed construction of access roads to Bystrinsky Mining and Dressing Plant, the next stage of development of Bystrinsky Minefield.
The length of the combined highway and railway roads is about 12 km. Completion of construction of access roads are planned in Q3 ...
2011-10-26 10:21:24 TMK Announces 9M 2011 Production Results and Trading Update
TMK, JSC, one of the world’s leading oil and gas steel pipe suppliers, announces its production results for the period ending September 30, 2011.
For the first nine months of 2011, TMK shipped a total of 3,195 thousand tons of steel pipes to customers representing an 11.7% increase ...
2011-10-25 12:56:16 UC RUSAL and GAZ Group signed special machinery supply contract
UC RUSAL, world’s largest aluminum producer, and GAZ Group, Russia’s largest automotive engineering holding, announced signing a supply contract for special machinery produced by GAZ Group in the framework of a joint project with RUSAL targeting aluminum production needs.
In ...
2011-10-25 10:03:09 Mechel Group Announced Mechel Trading AG Obtaining Loan for Re-financing Group’s Current Debt
Mechel, one of the leading Russian mining and metals companies, announced that ING Bank N.V., UniCredit Bank AG, Barclays Capital Inc. and ZAO UnicreditBank have provided a syndicated loan to Mechel Trading AG.
The banks have granted a credit facility totaling 180 million US dollars. The ...
2011-10-25 10:00:59 OMZ Group announced the financial results for the 1H of 2011
OMZ Group, one of the leading Russian heavy industry companies, has announced the non-audited IFRS financial results for the 1st half of 2011.
Key financial highlights:
• Consolidated revenue of the Group for the 1st half of 2011 has increased by 64.5% compared to the same period ...
2011-10-24 17:00:31 MMK saved two fuel rolling stocks
Magnitogorsk Iron and Steel Works (MMK), summarized the implementation of measures to reduce consumption of fuel and energy resources in the divisions and companies of the MMK Group in the first nine months of 2011.
Results for nine months of 2011 show that 148 events aimed at energy ...
2011-10-24 14:56:59 UC RUSAL to train engineers in France
UC RUSAL, world's largest aluminum producer, announces the start of the joint France-Russian educational program in Groupe des Ecoles des Mines (GEM, France) and Siberian Federal University (SFU, Russia) supported by French Embassy in Russia to train non-ferrous metallurgy specialists for the ...
2011-10-24 10:18:17 EVRAZ Signs US $500 Million Credit Facility with Gazprombank
EVRAZ Group announced that its wholly-owned Russian subsidiary EVRAZ NTMK has signed an unsecured 5-year US $500 million credit facility agreement with Gazprombank, JSC, a major Russian commercial bank.
As a condition precedent to borrowing the new loan, EVRAZ NTMK will prepay the ...
2011-10-21 17:35:40 Russia’s Special Metals, Alloys and Composites for Aerospace
Russianavia.net would like to announce the report ‘Russia’s Special Metals, Alloys and Composites for Aerospace’.
Published on www.russianavia.net , the report examines the Russian industry of special metals, alloys and composites in the wake of ongoing modernization ...
2011-10-21 10:20:53 MMC Norilsk Nickel begins to review bids from participants of international tender for sulfur recovery
MMC Norilsk Nickel, JSC began to review bids coming from Russian and international companies which took part in international tender for implementation of state-of-the-art sulfur dioxide recovery at Copper Plant and Nadezhda Metallurgical Plant (CP and NMP).
The tender was posted in ...
2011-10-21 10:08:23 TMK Commissions Thread Line for Casing with Premium Connections at its Orsky Machine Building Plant
In the mid October a new thread line for casing with premium connections was commissioned at Orsky Machine Building Plant, which is part of TMK’s oilfield services division.
The launch of the thread line for casing with premium connections at Orsk is a continuation of TMK’s ...
2011-10-20 13:54:37 En + Group has opened permanent train traffic across the bridge over the river Abakan in Hakassia
En + Group, a leading Russian diversified industrial group, has opened a permanent train operation on the railway bridge over the river Abakan in The Askizsky region of Hakassia.
The bridge is a part of a 60-kilometer railway line En +, linking the industrial and mining enterprises of The ...
2011-10-20 13:52:10 MMK continues to implement the program of acceptance for the automotive flat steel
The audit process of flat steel production was held at the Magnitogorsk Iron and Steel Works (MMK, JSC), carried out by Spanish company Gonvarri, representing the interests of Volkswagen AG.
Technical audit of flat steel production was the result of Victor Rashnikov, President of MMK ...
2011-10-20 10:22:04 NLMK Commented on market speculation
NLMK informed that the information related to the decline in the production of one type of the product is a result to the 12 days scheduled maintenance works of the production line at Lipetsk operations (main production site of NLMK).
NLMK stated that, by no means this situation is ...
2011-10-19 11:17:49 TMK is one of the best suppliers for KAMAZ
Pipe Metallurgical Company (TMK) ranks among the best suppliers for KAMAZ, the largest automotive corporation of Russia.
By the estimated results for 2Q 2011 TMK was awarded Category A as an excellent provider.
TMK activity was evaluated by such indicators as: purchase, machinery, ...
2011-10-19 11:09:35 METALLOINVEST appointed Oleg Mikhailov as Managing Director of Lebedinsky GOK
Metalloinvest, is a leading global iron ore and HBI producer based in Russia, announced the appointment of Oleg Mikhailov as Managing Director of Lebedinsky GOK, JSC (LGOK), the position previously held by Mr. Semenov. Prior to this appointment, Oleg Mikhailov held the position as Chief ...
2011-10-18 10:48:58 NLMK released operating review for Q3 2011
NLMK Group’s steel production in Q3 2011 amounted to 2.9 million tons (3.6 % down quarter-on-quarter). The Group’s steelmaking facilities were running at about 90% (100% at the Lipetsk production site; over 50% at the Long Products Division; and c.80% at NLMK’s international ...
2011-10-18 10:10:59 EVRAZ Group 3Q 2011 Operational Results
EVRAZ Group S.A. released its operational results for the third quarter of 2011.
3Q 2011 HIGHLIGHTS:
• Steel production volumes increased by 4% year-on-year due to demand recovery, but decreased by 5% quarter-on-quarter mainly due to seasonal repairs
• Steel product ...
2011-10-18 10:01:49 UC RUSAL to redesign VAS for automotive alloys production
UC RUSAL, world's largest aluminum producer, announceв it plan to undertake redesign of the Volkhov aluminum smelter (VAS) aimed at production of aluminum alloys for automotive industry.
New equipment is currently being installed at the smelter. The cast house production capacity will ...
2011-10-17 18:39:42 Severstal initiates major project to reduce atmospheric emissions at the Cherepovets Steel Mill
ОАО Severstal, one of the world’s leading vertically integrated steel and steel related mining companies, announces the launch of a major environmental project aimed at reducing atmospheric emissions at the Cherepovets Steel Mill, part of the Severstal Russian Steel division. ...
2011-10-17 11:52:43 MMC Norilsk Nickel announced financial results for the 1H 2011
MMC Norilsk Nickel, JSC and its subsidiaries hereby presents unaudited financial results for the 1H 2011, prepared in accordance with International Financial Reporting Standards.
SALES REVENUE
In the first six months of 2011 revenue of the Group increased by 24% as compared to six ...
2011-10-14 10:41:05 FAS is informed of the approval by Norilsk Nickel Board of Directors of the offer to share purchase
MMC Norilsk Nickel, JSC has received a letter from the Federal Antimonopoly Service of the Russian Federation ("FAS") concerning transactions in shares of Norilsk Nickel.
The FAS letter states that FAS has become aware of the approval by the Board of Directors of Norilsk Nickel ...
2011-10-14 10:10:25 ChelPipe Announces Operational Results and Reviewed IFRS Results for 1H 2011
Joint Stock Company Chelyabinsk Pipe-Rolling Plant (“ChelPipe”), a leading Russian producer of welded and seamless steel pipes and tubes, and supplier of integrated solutions for the Russian oil & gas industry as well as a variety of other industries in Russia, announced its ...
2011-10-14 09:58:21 Evraz Announces Audited Financial Results for 1H 2011
EVRAZ Group S.A. announced its audited interim results for the six months until 30 June 2011.
1H 2011 Highlights:
Financial:
- Consolidated revenue US$8,380 million (+31% vs. 1H 2010)
- Consolidated adjusted EBITDA US$1,629 million (+41%)
- Net profit of US$263 million ...
2011-10-14 09:11:03 Severstal will Supply Rolled Metal for Front Parts Kia Rio model
Severstal, JSC began to supply rolled metal for making a front roof panel for the new Kia Rio model.
Previously, such agreement was reached for another car - Hyundai Solaris (sedan and hatchback).
“Our experience in quality and timely deliveries has been approved by the ...
2011-10-13 10:08:00 Ford Motor Company Inspects Production at MMK
Specialists from the Ford Motor Company conducted an independent audit at Magnitogorsk Iron & Steel Works to evaluate the process of rolled products manufacturing
The audit involved almost every division of the plant. The Ford Motor Company specialists visited the oxygen converter, ...
2011-10-13 10:01:00 Alexei Mordashov is elected as a Vice-Chairman of the World Steel Association
The Board of Directors of the World Steel Association has elected Severstal’s CEO, Alexei Mordashov, as one of its two Vice Chairmen. Worldsteel is a non-profit organization with headquarters in Brussels, Belgium, acting as the focal point for the steel industry.
Alexei Mordashov is ...
2011-10-13 10:00:00 Jim O’Neill is going to provide insight into the future of BRICS at UC RUSAL President’s Forum.
UC RUSAL, the world’s largest aluminum producer, and the Hong Kong University of Science and Technology are honored to invite Dr Jim O’Neill, Chairman of Goldman Sachs Asset Management – the renowned economist who coined the prominent BRIC concept – to conduct his very ...
2011-10-12 11:21:04 MMC Norilsk Nickel container ship arrives to China
MMC Norilsk Nickel, JSC, informs that Zapolyarny enhanced ice class diesel-electric ship, owned by the Company has arrived to its destination point – Shanghai port.
On September 14 Zapolyarny container ship left Murmansk port for regular voyage along the Eastern part of Northern Sea ...
2011-10-12 11:10:38 Mechel Reported the 1H 2011 Financial Results
Mechel, JSC is a leading Russian mining and steel group, announced financial results for the 1H 2011.
- Revenue amounted to $6.4 billion
- Consolidated adjusted EBITDA amounted to $1.2 billion
- Net income attributable to shareholders of Mechel, JSC amounted to $501 million ...
2011-10-12 10:39:29 NLMK launches new converter
NLMK’s new 300 tons converter was put into operation at the Company’s main production site in Lipetsk. Alongside other Technical Upgrade activities, the launch of the new converter will allow for a 36% increase in steelmaking capacity at the Lipetsk site, up to 12.4 mtpa. NLMK has ...
2011-10-12 10:00:00 New Crane Runway in the Hardening Plant at Noћi Ravne
The New Crane Runway in the Hardening Plant at Noћi Ravne. The production plant of Noћi Ravne, Slovenian Steel Group (SIJ – Slovenska industrija jekla) was built in 1973. Since then the hardening plant has been facing problems due to the wearing out of the rails on the crane runway. ...
2011-10-11 10:36:35 Within eight months, Svyatogor has increased ore processing
Svyatogor Plant (part of UMMC), from January to August of 2011 processed 1.689 million tons of ore (105.7% compared to the corresponding period, 2010).
In the course of the reporting period the company increased the extraction of ore at the Tarnersky and the Shemursky deposits by 0.7% and ...
2011-10-11 10:02:05 MMK Announced New Appointments at Interkos-IV
Interkos-IV, part of the MMK Group, announced the appointment of Roman Gan as the company chief executive.
Mr. Gan was previously an executive at the auto parts manufacturer Benteler Automotive and at the Sollers Naberezhnye Chelny car manufacturing plant. Timur Shoshtaev, the former ...
2011-10-11 09:49:22 Mechel Won Award for Elga Coal Complex Project
Mechel, JSC one of the leading Russian mining and metals companies, won the 5th annual award of Minex-2011 forum in the nomination “For Successful Development of a Mining Industry Project”.
The award was granted based on the results of online open voting and the opinions of ...
2011-10-10 10:00:22 MMC Norilsk Nickel launches an up to US $1.5 billion syndicated facility
MMC Norilsk Nickel, JSC announced the launch of a new up to US $1.5 billion syndicated 5-year Pre-Export Finance Facility. The Facility will be used to finance general corporate purposes. The senior stage of syndication of the Facility is coordinated by Citi and Societe Generale (the ...
2011-10-10 09:56:23 EVRAZ Appoints New Vice President, Vanadium Assets
EVRAZ Group S.A, announces the appointment of Grigory Botvinovsky as Vice President, Vanadium Assets, following the retirement of Daniel Harris.
Reporting to Pavel Tatyanin, Senior Vice President, Head of International Business, Grigory Botvinovsky will be responsible for vanadium ...
2011-10-07 10:01:00 RUSAL completes debt refinancing
RUSAL, the world’s largest aluminum producer announced the refinancing of its debt portfolio totaling USD 11.4 billion.
During the refinancing process, the Company has taken out its outstanding debt under the international facilities governed by the International Override Agreement ...
2011-10-07 10:00:00 EVRAZ Statement Regarding Equity Stake in Raspadskaya
Further to its statement of 11 March 2011, EVRAZ Group S.A. announces that due to high market volatility EVRAZ has discontinued ongoing negotiations on the potential sale of its 40% indirect equity stake in the Russian Coal producer Raspadskaya, JSC.
“Raspadskaya is a good quality ...
2011-10-06 10:11:23 TMK Runs Pipe with Premium Connections at Gazprom Neft's South Priobskoye Field
TMK, one of the world’s leading oil and gas steel pipe producers, has run the string consisting of 276 casing pipes with TMK FMC premium connections in a well at Gazprom Neft's South Priobskoye field.
The South Priobskoye field is one of Gazprom Neft's largest and most promising. ...
2011-10-06 10:04:36 NLMK to Acquire an Electrical Steel Service Center in India
NLMK, one of the world’s leading steel companies, today announced the acquisition of the National Laminations group, an electrical steel service center in India, for a total consideration of US $8 million. This acquisition will enhance NLMK’s position in the Indian market as one ...
2011-10-05 15:37:44 Metalloinvest announces its financial results for the first half of 2011
Metalloinvest, a leading global iron ore and HBI producer based in Russia, announces its financial results for H1 2011.
KEY FINANCIAL HIGHLIGHTS
- Revenue increased by 31% h-o-h to USD 5,132 million
- Operating profit amounted to USD 1,487 million, implying an increase of 34% ...
2011-10-05 10:00:00 NLMK approved a decision to issue bonds
NLMK, a leading Russian steel company, announced that its Board of Directors has approved the decision to launch the ruble corporate bond program series 07-11 with a maturity of 10 years. The total value of the program is RUR 50 billion. The Board has also approved the decision to issue the ...