‘We expect our rolled stock output to reach about 10 million tons by the end of the year. This is going to be 20% more than a year earlier. What’s more, the company intends to go back to its ante-recession annual output of 12 million tons as soon as next year. This means another 20% increase in production is to be expected,’ BOD Chairman of Magnitogorsk Iron & Steel Works (MMK) Viktor Rashnikov said in his interview to Kommersant. The executive explained MMK would fully recover after the recession thanks to the growing domestic demand and the enterprise’s carrying on with its

OAO Uralgipromez incurred 2.73 million RUR worth of losses in the third quarter of 2010, whereas just a quarter earlier, the company’s net profit reached 6.17 million RUR. Uralgipromez reports its losses result from the current situation on the design and development market.

Sverdlovsk Region is planning to get more consolidated budget revenues through taxing the specialized divisions of companies, enterprises, and contractors which are currently working on some investment projects in the region. This idea was the main issue on the agenda of a recent government meeting on support of local business chaired by the region’s Minister for Energy and Communal Housing Services Yuri Shevelev. For one, about forty sub-contractors are now involved in the construction of the fourth power generating unit at Beloyarskaya nuclear power plant. The town council of Zarechniy only

‘Yekaterinburg automobile market players tend to have their shares re-shaped and re-distributed these days. Some more changes are yet to come, so it’s a bit early to make any forecasts at the moment,’ Avtoplus Group’s PR & Internet Communications Director Tatiana Meshkoy said to UrBC. ‘In fact, the number of dealing centers our Group runs has doubled since the start of the recession: five new centers, including the ones in Omsk, Kamensk-Uralskiy, and Nizhniy Tagil, complemented the five already existing dealerships. In addition to companies specializing in Toyota, Lexus, and Audi, we now

A delegation of RENOVA-StroyGroup officials headed by President Veniamin Golubitskiy visited the chemical concern’s headquarters in Ludwigshafen upon the invitation of the company’s Board. The two enterprises actually signed a partnership intentions agreement on July 15, 2010; this was done within the framework of Saint Petersburg Dialogue intergovernmental counseling session in Yekaterinburg. Besides, the first building fitted with BASF’s Neopor thermal insulation panels has already been put up in Yekaterinburg’s Academic district. Now Neopor insulation is a sound economic and environmental

The enterprises of OOO NLMK-Sort (Novolipetsk Iron & Steel Works (NLMK) bar and profile division) sold 1.2 million tons of metal goods in January-September 2010, which was 3.8% less than in the nine months of 2009. NLMK-Sort sold 966,000 tons of metal goods on the domestic market; this figure exceeded that for a year earlier by 16%. These sales included 758,000 tons of reinforcing bars (which was 11% better than a year earlier), 41,000 tons of rolled wire (which was 25% better than a year earlier), and 142,000 tons of metalware (which was 19% better than a year earlier). All in all, the