HomeMaterials for 12.04.2010
12 April 201009:16

Industrial safety violations detected at NTMK

The Ural division of Rostechnadzor (the state environmental, technological, and nuclear safety watchdog) completed its multi-faceted inspection of Evraz Holding’s Nizhniy Tagil Iron & Steel Works (NTMK), the spokesperson for the division reports. The inspecting committee detected and ordered to eliminate forty-two violations of industrial safety regulations at the plant. The inspectors compiled twenty-six administrative offense protocols involving the plant’s management and two protocols regarding the plant as a legal entity.
12 April 201009:15

NLMK’s metal goods plant’s net profit plunges 650.82%

According to the financial report of NLMK’s Nizhneserginskiy metal goods plant (complied in accordance with the Russian Accounting Standards), the enterprise’s net profit plunged by 650.82% in 2009. The plant’s sales revenues decreased by 46.82% last year and reached 19.3 million RUR, whereas its gross profit came to 1.9 million RUR. ‘The decrease in revenues and gross profits in the fourth quarter of 2009 in particular in the year 2009 in general by 23% and 46%, respectively, was brought about by reduced sales volumes and decreasing selling prices. This, in its turn, was caused by the
12 April 201009:15

VIZ-Stal’s net profit goes down 73.59%

According to the steel manufacturer’s financial report (complied in accordance with the Russian Accounting Standards), VIZ-Stal’s net profit plummeted by 73.59% last year compared with the year 2008. The company’s revenues decreased 51.8% in 2009. The enterprise’s gross profit amounted to 1.6 million RUR in the last quarter of 2009 and to 4.9 million RUR by the end of last year. ‘A little downfall in the company’s financial performance in the fourth quarter of 2009 had to do with the reduced average selling prices, even though the sales volumes did go up a bit. Also, our administrative