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 ...
2007-11-20 15:17:05 32 Countries of the World Participated in Metal Week in Moscow Metal-Expo’2007 the 13th International Industrial exhibition was successfully held in Moscow on November 13-16, 2007. Such leaders of the steel industry as Magnitogorsk Iron and Steel Works, Severstal, Novolipetsk Iron and Steel Works, Mechel Group, Estar Group of Companies, Pipe ...
2007-11-20 15:13:41 Mechel participates in Metal-Expo’2007 Mechel participated in Metal-Expo‘2007, the 13th International Specialized Exhibition at the All-Russian Exhibition Center, Moscow, during November 13-16, 2007.
Mechel’s uniform corporate stand exhibited products of its Chelyabinsk Metallurgical Plant, Izhstal, Beloretsk ...
2007-11-20 14:40:06 UC RUSAL becomes first Russian company to complete monitoring and analysis of greenhouse gas emissions UC RUSAL reports the completion of an ecological monitoring at the Krasnoyarsk Aluminium Smelter (KrAZ). The research was conducted by Jerry Marks, a respected climate change researcher who is also a specialist consultant for the International Aluminium Institute. UC RUSAL is the first company ...
2007-11-20 13:52:40 ChTPZ Group Ferrous Division Ships 1,625 mln tn of product to customers in January-October 2007 Chelyabinsk Tube-Rolling Plant and Pervouralsk New Pipe Plant both in ChTPZ Group, shipped 1,625 mln tn of pipe products to customers for the period from January to October of 2007, an increase of 14% as compared to the same period of 2006 (1.425 mln tn).
In January-October of 2007, ChTPZ ...
2007-11-20 13:27:52 TMK Increases Production of Premium Oil and Gas Pipes TMK, one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces that new hot rolling and finishing equipment has been installed at its Volzhsky Pipe Plant subsidiary. The installation of this new equipment, in line with ...
2007-11-09 16:25:43 VSMPO-AVISMA Corporation Participates in Metal-Expo’2007 VSMPO-AVISMA Corporation will again participate in Metal-Expo’2007, the 13th International Metallurgical Exhibition which will be held from the 13th to 16th of November at the Russian Exhibition Centre in Moscow.
The Corporation will present new 3D stereo technologies showing ...
2007-11-07 15:31:00 RUSAL completes large scale casthouse modernization programme at aluminium smelters UC RUSAL reports the completion of a large scale casthouse modernization programme at four of its aluminium smelters: Sayanogorsk, Krasnoyarsk, Bratsk and Novokuznetsk. The investment in the project amounted to approximately $130 mln. The value-added casthouse production has increased ...
2007-11-06 17:30:15 Mechel Announces Syndication of $2 Billion Acquisition Refinancing Package Mechel announces that it has arranged a $2 bln Acquisition Refinancing Package through several banks.
The $2 billion Acquisition Refinancing Package will refinance the acquisition of the issued share capital of Yakutugol OJSHC (75% of the statutory issued share capital minus one share), ...
2007-11-06 14:18:33 TMK Starts Commercial Production of High Performance Pipes TMK today announces that it has started production of special corrosion-resistant seamless line pipes used for the transportation of gas extracted from wells operating in aggressive environments.
This new pipe range was especially developed by TMK’s R&D centre for the Astrakhan gas ...
2007-11-01 12:28:07 Evraz owns now 100% of its major Russian production companies Evraz Group S.A. announced that Evraz Group through its subsidiaries has completed the buyout of all outstanding common stock of steel mills NTMK and Zapsib, iron ore mining and processing complexes KGOK and VGOK, and the Nakhodka Commercial Sea Port.
The procedure was carried out in ...
2007-10-30 14:10:02 UC RUSAL launches full capacity of Khakas Aluminium Smelter ahead of schedule UC RUSAL announced that the Khakas Aluminium Smelter has reached full capacity ahead of schedule, now as the fourth and final complex has been put into operation. The smelter has a production capacity of 300,000 tn per annum. Total investment in the project amounts to over USD 750 mln. ...
2007-10-30 11:26:08 Belon Published Financial Results for the First Half of 2007 Belon Group published its audited consolidated financial statements for the first six months of 2007. These were prepared in accordance with the International Financial Reporting Standards. During the reporting period, the Company improved its key financial indicators: the total revenues ...
2007-10-29 18:24:58 MMC Norilsk Nickel launched electronic declaration of exported goods OJSC MMC Norilsk Nickel launched electronic declaration of its exported goods.
The first electronic cargo customs declaration (CCD) was entered on October 23, 2007 in Murmansk customs zone.
Head of Customs Division at MMC Norilsk Nickel Dmitry Seregin says electronic declaration will ...
2007-10-25 18:15:43 Chelyabinsk Zinc Plant announces its production results for the nine months period of 2007 Chelyabinsk Zinc Plant produced 122,676 tn of SHG zinc and zinc based alloys, an increase of 11.3% as compared to the same period of 2006 (110,178 tn). 48% of the plant output was supplied to the domestic market.
CZP’s subsidiary, Nova Zinc LLC, the operator of Akzhal zinc and lead ...
2007-10-23 18:08:08 Evraz Increases its Stake in Palini e Bertoli to 100% Evraz Group S.A. announces that, further to its acquisition in August 2005 of a 75% plus one share interest in Italian steel plate producer Palini e Bertoli, Evraz has executed a call option in respect of remaining 25% less one share. The consideration paid for the stake was set at ...
2007-10-18 15:42:13 Severstal’s Karelsky Okatysh wins South Korpangsky license for iron ore production OAO Karelsky Okatysh , part of the mining division of Severstal, has won an exploration and production license for the South Korpangsky area of the Korpangskoye iron ore deposit. The auction, organized by the Russian Agency for the Use of Subsoil, took place on Tuesday October 16, 2007 in ...
2007-10-18 15:36:34 UC RUSAL announces 2007 nine month results UC RUSAL announces its production and summary financial results for the first nine months of 2007.
Highlights*:
• Alumina production rose by 5.7% to 8,451,791 tn compared to the same period last year.
• Aluminium production increased by 5% to ...
2007-10-18 12:11:36 Tube Works VSMPO-AVISMA for 9 months of 2007 For 9 months 2007 the enterprise has produced 218,8 tn of titanium tubular production (365,3 thousand meters), 177,7 tn of which (363,6 thousand meters) are seamless cold-finished tubes and 41,5 tn (1,7 thousand meters) are seamless hot-finished tubes (in co-operation with JSC «Nikopol ...
2007-10-18 11:41:19 Operating Results In January–September 2007, production of steam coal increased by 32% to amount to 1,915,000 tons. Such growth was due to operation of the newly launched high-performance face No. 1108 at the Listvyazhnaya mine. The total production ...
2007-10-17 11:31:48 ChTPZ Group Ferrous Division Ships 1,471,000 Tn of Product to Customers in January-September of 2007 Chelyabinsk Pipe Rolling Plant and Pervouralsk New Pipe Plant, both in the ChTPZ Group, shipped 1,471,000 tn of pipe products to customers for the period from January to September of 2007, an increase of 15% as compared to the same period of 2006 (1,280 thousand tn).
In January-September of ...
2007-10-16 17:14:33 MMK-Atakas JV Decides on the Equipment Supplier A contract has been signed on the supply of process equipment for the MMK Atakas A.S. Joint Venture.
The contract has been awarded to Danieli, Italy, which will supply equipment for both of the JV's production sites in Iskenderun and Istanbul, such as a 2.4 mtpy electric arc furnace (EAF), ...
2007-10-15 15:05:40 TMK Production Results for the First Nine Months of 2007 OAO “TMK” (TMK), one of the world’s largest oil and gas pipe producers and the market leader of the Russian pipe industry, today announces its production results for the nine month period ended 30 th September 2007.
For the first 9 months of 2007, TMK shipped (shipped ...
2007-10-15 12:22:18 MMC Norilsk Nickel announces production figures for 3rd quarter 2007 Mining and Metallurgical Company Norilsk Nickel ("Norilsk Nickel") announces preliminary consolidated production of 75 thousand metric tonnes of saleable nickel for the third quarter of 2007. These figures include production from the Polar and Kola Divisions in Russia and the ...
2007-10-12 12:01:13 IMEAS supplied manual sheet-to-sheet line Globus Stal According to Enzo Minacapilli, representative of IMEAS the Russian steel service centers will follow the global trend among the Evolution of Surface Finishes.
GLOBAL EVOLUTION OF SURFACE FINISHES
-Before 1970: the WET GRINDING was leading the market (75% of market), followed by the WET ...
2007-10-08 14:53:04 NLMK upgrades its hot rolled production facilities NLMK has commissioned reheating furnace # 4 following its reconstruction for heating slabs before hot rolling. The furnace, which has a capacity of 320 tonnes of steel per hour, will allow a 50% reduction in energy consumption (natural and Blast Furnace gas) decrease environmental impacts ...
2007-10-05 13:58:51 INTERIM RESULTS FOR THE SIX MONTHS ENDED JUNE 30, 2007 1H 2007 Highlights:
Financials:
· Revenue grew 57.5% to US$6,023 million from US$3,825 million in 1H 2006 due to
recent acquisitions, improved sales mix and growth in average prices of steel products.
· Consolidated adjusted EBITDA was up 87.0% to US$2,050 ...
2007-10-04 14:13:40 UC RUSAL opens trade office in Switzerland UC RUSAL has announced the opening of RUSAL Marketing the company’s main trade office, located in Zug, Switzerland.
RUSAL Marketing will integrate the company’s trading operations across European, Asian and American markets, offering the clients primary aluminium, alloys, alumina ...
2007-10-04 13:59:37 MMK acquired 10.75% stake in Belon Magnitogorsk Iron & Steel Works Open Joint Stock Company announces the acquisition of 10.75% shares in JSC Belon, a Russian producer of coal and coal concentrates.
The decision on participation of JSC MMK in the authorized capital of OAO Belon was taken by the Board of ...