Nizhnetagilsky Metallurgichesky Kombinat JSC (NTMK, Metallurgical Industrial Complex of Nizhny Tagil), member of Evraz Group, began the thorough overhaul at one of the company’s major rolling shops. All the soaking pits of the NTMK blooming mill department will be repaired within a year. According to the NTMK PR-department, the company has 6 functioning rolling shops. The bloomer was set into operation in 1947, among the first NTMK rolling shops. Soaking pits form a part of primary equipment of the blooming mill department. They are meant for preparing for the rolling process, through an

‘Due to the increase of kerosene cost at the Koltsovo airport and destination airports, Ural Airlines increases fuel tax starting March 1, 2006. The increase of fuel tax by $5 is scheduled for all of the company’s regular international flights to come into effect on April 1, 2006,’ the Deputy Commercial Sales Manager of Ural Airlines Alexey Sadovsky said to UrBC representative. For domestic flights, the fuel tax rates are to remain the same.

The Board of Directors of Pervouralsky Novotrubny Zavod JSC came up with the decision to hold the annual stockholders’ meeting on April, 21, 2006. The list of people entitled to present in the meeting was compiled according to the roll of those eligible to take part as of March 6, 2006. The agenda contains the confirmation of the company’s annual report, and the company’s annual accounts including the P&L account, as well as the distribution of annual profits and losses among members of the JSC. The stockholders will also elect the members of the company’s Board of Directors and of the

The first edition of Who Is Who in Russian PR Business came out via the editors of Sovetnik magazine, Sovetnik.ru web portal, and Russian Managers Association. The printed version is based on the digital source available at Sovetnik.ru for the last two years; it provides information on both market operators and employees of PR-Departments of various private businesses, public organizations and state bodies. According to the editors, the book is aimed at highlighting the personal aspects of Russian PR business and to build up the knowledge different specialists have of each other. One copy of

Ufaleynickel JSC has been trying to prevent the potential flood damage to its mines in the coming spring. As the company’s spokesperson said to UrBC representative, an extra ditch and dibholes have been dug to divert the flood water and a special unwatering borehole put into operation to lessen the subsoil waters influx. The road-ditches are being cleaned and macadam stocked for road repairs. № 15 unwatering borehole is being reinstalled to operate on the underlying level. Everything is being performed timely, and the human and technical resources are fully prepared to meet the elements.

The Board of Directors of Svechel JSC has scheduled the annual shareholder meeting for April 25, 2006. The points on the agenda include approving of the company’s financial activity in 2005, distribution of profits and some amendments to the company’s Charter. The shareholders will also have to elect the company’s General Director, the Board of Directors, the members of the inspection committee, and the company’s auditor.

‘The state defense industry orders make up about 3% of all the orders we receive; besides, we’ve been cooperating with the companies performing the state orders on commercial basis,’ GD of Ural Mechano-Optical Works Production Association Sergei Maxin announced at today’s press conference. Mr Maxin said the special equipment and civil goods made up 60% and 40% of the works’ produce, respectively.

The Board of Directors of Metallurgical Works of Asha has decided to adopt the Development Program for 2006-2010. The company is planning to raise the steel and production and increase its authorized capital as well as restructure the management. This will require a number of steps to be taken. In 2006, the continuous steel casting line will be installed, alongside with the development of a business plan targeted at renovating the Martin furnaces and assembling the high-voltage lines and an electric furnace. In 2007, the steel casting technology will have been fully adopted and the

‘We haven’t come up with any final decision about allotting the bonded debt yet,’ said the company’s GD Evgeniy Kryuchkov. ‘We have been considering several ways of attracting investments needed for renovating our electricity networks and equipment; some of them are investors’ money, a bank loan, and allotting the bonded debt. We’ve already done the preliminary calculations and we’ll decide what’s best for the business in the nearest future; we might settle for either the bonded debt or extra share issue,’ Mr Kryuchkov said. Chelyabenergo was offered to allot the .5 to 1 billion RUR bonded