Magnitogorsk Iron & Steel Works (MMK) keeps putting up its cold-rolling Mill 2000 within the framework of the company’s cold-rolling facilities investment project. The mill is mainly meant for the production of high-quality cold-rolled and zinc-coated automobile body sheets as well as of materials for home appliances manufacturers and for the building industry. The facility’s capacity has been estimated at 2 million tons of goods a year. According to MMK’s PR Department, the workers have nearly completed the excavation and are now putting up equipment foundations as well as making and

A-Win Consultants Limited recently bought a 15% shareholding in Yekaterinburg non-ferrous metals processing plant. At the same time, the share of Indesticoplaz Trading Limited in the plant’s capital was reduced from 86.29% to 71.29%, the issuer reports.

The official visit of Sverdlovsk Region’s delegates to Mongolia that had been scheduled for April 21, 2010 was postponed. The delegation was to have consisted of the regional government’s ministers, representatives of the local business community, and some university professors. Some of the delegates report they have been informed that their visit was suddenly put off till May 23, 2010 upon the host country’s request. In the meantime, Governor of Sverdlovsk Region Alexander Misharin is to attend a joint meeting of the Russian Federation State Council’s presidium, the presidium of Science,

Czech Airlines’s Prague-Yekaterinburg flight arrived safely in Yekaterinburg’s Koltsovo Airport on Tuesday. Last week, a volcanic eruption in Iceland that left most of Europe covered in an ash cloud made most companies cancel their flights from or to Europe, including those operated to or from Yekaterinburg. However, it was recently announced that things were getting back to normal.

The net profit of OOO Uralvagonzavod-Finance decreased by 83.33% over one quarter. The figures dropped from 12,000 RUR in the last quarter of 2009 to 2,000 RUR in the first quarter of 2010. OOO Uralvagonzavod-Finance explains the drop in net profits has to do with increased general running costs and other expenses.

Head of Sverdlovsk Region Government Anatoly Gredin organized a governmental sustainability committee meeting in order to discuss the financial situation at Auchan, IKEA, METRO Cash & Carry, and OBI’s local subsidiaries with their representatives. The officials also wanted to assess the government and the enterprises’ cooperation prospects, including those concerning a number of social welfare projects, the spokesperson for Sverdlovsk Region Governor reported. Anatoly Gredin said the foreign retail chains did not fully provide the region’s trade ministry with the data on their activity.