The rolled section department of Magnitogorsk Iron & Steel Works (MMK) shipped 1,128,000 tons of hot-rolled products to customers in January-September 2011, which was nearly 50% more than in January-September 2010. ‘The increase in output was most considerable as far as Mill370 was concerned: its output rose by over two times compared with the nine months of 2010. An increase this big was made possible due to the growing consumption on the part of the building industry and thanks to the growing production output at MMK METIZ, MMK Group’s metal goods plant and the largest consumer of our

Ural Airlines is planning to get four Airbus planes in 2012, says the company’s CFO Kirill Skuratov. The company currently operates twenty-one Airbus aircraft and will add another Airbus to its fleet of vehicles on December 25. In February and November 2012, the air carrier will get two more Airbus planes leased from the Bank of Scotland. What is more, Ural Airlines is planning to buy two more aircraft next spring. ‘Our goal for mid-range haul airplanes is to get about thirty of them. We’ll have twenty-four to twenty-six planes next year and four more in 2013; from then on, we’ll concentrate

Ural Airlines was the first Russian airline to join Citibank’s bonus program recently. According to ZAO Citibank’s BOD member and Loans Director Mikhail Berner, Ural Airlines was invited to become the bank’s partner because of its business reputation, rapid growth, and market success. ‘It is a great honor for our company to become a member in a project like this,’ says the airline’s CFO Kirill Skuratov.

Acting Governor Anatoly Gredin chaired a meeting with Okuma Europe GmbH’s Chairman of the Supervisory Board and Director-General Karl-Heinz Dreyer and President and Managing Director Kaoru Aoyama and with Director-General of UMK Pumori-SIZ Alexander Balandin at Sverdlovsk Region Government House. The meeting resulted in Sverdlovsk Region Government, Germany-based Okuma Europe GmbH, Japan-based Okuma corporation, and Yekaterinburg-based UMK Pumori-SIZ signing a protocol of intent regarding the construction of a metal-cutters manufacturing plant. According to Alexander Balandin, the

Somewhere around January 10, 2012, Unilever is to come up with an offer to buy out the remaining portion of Concern Kalina’s shares. The 82% shareholding in the Russian cosmetics manufacturing company comes at the price of about 17.4bn RUR, which is approximately 700m RUR more than what was originally declared. This increase is due to a number of changes in what regards the actual cost of the transaction. Kalina’s estimated value has remained the same, namely, about 25.9bn RUR, Unilever’s press service reports. Unilever expects that the deadline for accepting the offer will come to about

The construction of the Radisson Hotel in Yekaterinburg will only begin in the summer of 2012, the Director-General of Atomstroycomplex Valery Ananyev said at a press conference today. ‘We had some difficulties getting all the permissions for the project, so some changes had to be made. The design work is expected to be completed next April, and this is when the construction will start,’ he explained. The hotel’s estimated value comes to about 6bn RUR. Radisson SAS will be located at the intersection of Malyshev St and Krasnoarmeyskaya St. The developer announced earlier that they could