The Tyumen subsidiary of EnergoGinny, the independent energy distributor, has signed a service agreement with Passenger Vehicles CJSC, the company’s spokesperson reports. The two enterprises are to cooperate within the framework of Energy Supermarket Program and to deal mainly in heating, electricity and water supply contracts analysis. Even though it enjoys the status of the publicly significant enterprise, the passenger vehicle company does not possess any guarantee of rights and privileges in terms of heating and electricity supplies. The contract analysis performed by EnergoGinny has

Magnesite Group is going to invest 125 million RUR to renovate the rotary furnace at one of its works (Magnesite Industrial Complex JSC) within the framework of Investments Project for 2006. The Project is targeted at the increase in the production of ferrous magnesia flux and caustic powder needed for vitrified ware clinker making. At the moment, the foundation is being laid for the stock delivery unit by VOSTIO of Yekaterinburg, the general contractor. The furnace is to be put into operation in September 2006, the spokesperson for Magnesite Group said to UrBC representative.

TyumenEnergo JSC, the energy supplier, has been busy preparing for the spring flood that is predicted to begin in the end of March through giving the general examination to all its subsidiaries, lines and buildings, the company’s spokesperson said. TyumenEnergo JSC has already spent 30 million RUR to ensure there are enough emergency teams, materials and equipment needed for speed restoration projects; a special flood committee comprising the company’s technicians has been set up. The lines of Yuzhniy, Tyumen and Ishim are particularly accident-prone due to massive leakage of thawing snow

Kalina JSC, one of Russia’s most successful health and beauty product maker, has recently been reported to experience a 6.8% decrease in profits in 2005 against the year before and comprised 512.3 million RUR. According to the company’s report, the concern still managed to make 22% more in sales (6.3 billion against 5.2 billion RUR in 2004). Despite the decrease in net profits, Standard & Poor’s announced the increase in the national scale long-term credit rating for Kalina Concern JSC (from ruBBB+ to ruА-) owing to the company’s stable business dynamics and the fairly low financial

Metallurgical works of Asha held the traditional distributor meeting on Marc h13, 2006. Among the participants were executives of Moscow, Saint Petersburg, Pyatigorsk, Samara, Novosibirsk, Chelyabinsk and Asha dealing in consumer goods and gardening tools. The meeting resulted in summing up the achievements for 2005 and discussing cooperation projects. The other points on the agenda included the launch of new types of consumer goods by the works of Asha, namely, steel doors; the first set of doors is to be shipped in March. The new equipment could also be used for making gun- and other safes,

Mundybash subsidiary of Evraz ore maker is currently giving overhaul to its № 1 ball crusher, replacing the setting, the feeder, the driving gear, the classifier, and the load-unload gutters. The subsidiary has a total of five crushers, each one repaired once every 15 months to prolong its operation period and prevent breakdowns. The ball crushers grind the primary concentrates in order to extract as much iron from them as possible and minimize losses.

The court of Asha granted the petition of the municipal public prosecution authorities and chose preventive punishment for acting GD of metal products plant of Minyarsk Sergey Narudinov, the spokesperson for municipal public prosecution authorities said to UrBC representative. The criminal lawsuit concerning the arrears of wages for over two months was brought to action in December 2005 as the arrears had come to over 3 million RUR, there were delays in the payments of taxes and duties, and, to make matters worse, the management tried to hide the fact of receiving money from profits and

CreditUralBank JSC has paid equity and preference share dividends for 2005; the total amount of payments came to 208,840,000 RUR. The corresponding decision was made at the annual shareholder meeting on March 2, 2006. The total amount of dividends paid comprised 186,070,000 RUR for equities and 22,770,000 RUR for preference shares. The dividend per share came to .23 RUR.

‘We are hoping to make 30 billion RUR in sales in 2006 due to more road-building equipment, tractors and special machines being sold this year,’ GD of Uralvagonzavod Federal State Unitary Enterprise Nikolay Malykh announced at the press conference. Mr Malykh believes this increase will allow the plant to keep up with its converting and reconstruction projects and launch new types of competitive products as well as invest in social welfare (for example, by finishing the construction of Malachite health resort on the coast of the Black Sea and scheming houses for the company employees). ‘More

AgroPromTechnika JSC of Chelyabinsk is to hold general meeting on April 12, 2006. The points on the agenda include summing up the company’s financial success in 2005, the issue of profits and loss distribution, amendments to the company’s Charter. The shareholders will also have to elect the Board of Directors, the inspection committee and the auditor for 2006.