Vladimir Butenko, former Sales Director of Maxi Group, was appointed GD of Nizhneserginsk Metallurgical Works by the company’s Board of Directors Former General Director Alexander Kutakov was offered to lead the construction of Electrometallurgical Works of Togliatti. The Board also arranged for the shareholder meeting on April 3, 2006. The list of attendants is to be determined by the inscribed stock owners roll as of March 10, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account and their distribution. The other points concern the

The Board of Uralkhimplast JSC, chemical works, scheduled the general shareholder meeting for April 21, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account and their distribution, the payment of dividends, electing the Board members and the inspection committee as well as the company’s auditor. Besides, the meeting will have to result in the decision as to a merger with Ural Chemical Company JSC and the merging agreement. This merger appears to be mutually beneficial in terms of prospective increases in profits and produce

‘By December 31, 2006, the investments into voluntary insurance had reached the point of 37,994,330 RUR, the payments for this insurance comprised 10,659, 513 RUR; 2,171,835 RUR were invested in the obligatory car insurance, with payments for it being 585,382 RUR,’ said the spokesperson for Yekaterinburg subsidiary of Renaissance Insuracne Company Ltd.

‘The court officers of Yekaterinburg began enforcing the payment by Kalina JSC of the reputation damage and money loss compensation to Nefis Cosmetics JSC imposed on the former for counterfeiting the washing powder of the latter,’ the company’s spokesperson said to UrBC representative. ‘Kalina has to pay Nefis Cosmetics 10.5 million RUR after the corresponding verdict was returned by the Court of Appeals on January 31, 2006. We gave it a full month to do it voluntarily, and on March 1 we had to send the act of execution to Sverdlovsk Region law-enforcement agencies. On Marc h13, the officer

Starting March 23, the BH-600 block of Beloyarskaya nuclear power plant will be gradually deactivated to make possible the fuel refill and the regular technical examination. The procedures will be accompanied by the emission of inactive steam through the safety valves of turbogenerators. The block will be out of operation until May 21, 2006. In the meantime, the hot water and heating will be provided by city boiler house and the # 4 block now under construction.

Mechel JSC Chairman Igor Zyusin owns 47.1% of the company’s shares after the first transaction has been performed between him and V. Yorikh, the company’s spokesperson said to UrBC representative. A 3.4% share holding is now available to investors. To find the money, Mr Zyusin had to sell 15.9 million GDR that stood for 47.7 million shares and exchangeable UBS securities convertible to 6.8 million GDR that stood for 20.5 million shares; the total amount equaled to 68.2 million shares. The GDR cost 22 USD per share plus 7.8% discount added to the closing price at New York Stock Exchange. The

As a step in realization of nature-conservative measures program, Territorialnaya Generiruyushchaya Kompaniya # 10 JSC (TGK-10) is going to invest 9.3 million RUR into re-equipment of 9 boilers at Chelyabinsk State District Power Plant. During the last few years, the power stations of TGK-10 Chelyabinsk branch have been introducing the new method of gas cycling inside of the boiler furnace. Implementation of this method reduces emission of nitric oxides. Within 2005, this method of gas burning was introduced to three boilers of Chelyabinsk State District Power Plant. TGK-10 is also going to

Chelyabinsk Municipal Unitary Enterprise Upravleniye Munitsipalnogo Zakaza (Chelyabinsk Municipal Contracts Office) has announced an open competition for road construction contracts 2006. According to the contract, the building owner is Chelyabinsk Municipal Works Inspectorate. Five contracts for thorough repairs and reconstruction of Chelyabinsk roads are exhibited for the competition. The length of the reconstructed parts of the road under the contract varies from 0.85 to 3.5 kilometers. They are located in Svoboda, Blyukher, Karl Marx and Kurchatov Streets and Komsomolsky Avenue of

FINAM Management, part of FINAM Investments Holding, started to sell its shares in Chelyabinsk. Milcom Invest has been acting as their agent. The company represents 2 investment funds, FINAM Perviy (mixed investments) and FINAM Obligatsionniy (conservative strategies). In 2005, the profitability of the former comprised 78.51% (17.7% in February 2006). The lower investment limit is 1,000 RUR for the first company and 20,000 RUR for the second one. One can also convert the shares of different funds, for example, by investing in securities or shares during different periods of market growth.