Yet another meeting of Sverdlovsk Region Arbitration Court regarding the claim of Concern Kalina’s minority shareholder Igor Platonov took place in Yekaterinburg recently. Platonov placed a claim against VTB Registrator with Sverdlovsk Region Arbitration Court, asking to declare the writing of 2,844 ordinary shares of Concern Kalina (face value 70 RUR) off his account invalid and to restitute the shares onto his personal account. Platonov claims that the writing off, which took place on November 15, 2011, was done illegitimately and without his consent. VTB Registrator provided the court with

The vehicle operators of Yekaterinburg-based Concern Kalina are protesting against the layoffs that they feel are unlawful, their representative and Managing Partner of YurLiga Ivan Volkov told UrBC in all the detail. ‘There are twelve protesters, many of whom have worked for the company for over thirty years. The long-haul truck drivers had a salary of 13,000 RUR plus a 13,000 RUR monthly bonus if the employer felt like it. Now they have been fired. They were accused of entering exaggerated figures in their speedometer logs throughout the year 2011 in order to hoard fuel. However, no proof

The construction of a high-speed railway link between Moscow and Yekaterinburg is an uncertain project. The Russian Rail cannot decide yet whether there will be passengers willing to use the road, Vedomosti reports. The Director of Russian Railways’ daughter enterprise High-Speed Railways Denis Muratov promises in the fall of 2011 that the tender aimed at choosing the contractor for the project would be held in December 2012. According to his estimates, the construction of a 1,595-km road from Moscow through Nizhniy Novgorod and Kazan to Yekaterinburg would cost 1.5 trillion RUR. The trip

One of the world’s largest OCTG producers Pipe Metallurgical Company (TMK) is now shipping longitudinally welded large-diameter pipes meant for transporting natural gas from Turkmenistan’s largest deposit Southern Yolotan to the country, TMK press service reports. To meet the customer’s requirements, the production of longitudinally welded LDPs with special properties was mastered at TMK’s Volzhsky Pipe Plant (VTZ); for one, these pipes have more rigid geometric parameters and a special angle of chamfer as well as enhanced anti-corrosion coating. 12,000 tons of TMK’s longitudinally welded

Maria Maksimova insists that the twenty-two agreements signed by Novolipetsk Iron & Steel Works (NLMK) and Nizhneserginsky Metal Goods Plant over various months of 2010 and worth over 19bn RUR altogether be declared invalid. According to the materials available via Sverdlovsk Region Arbitration Court’s website, the plant placed a petition with the court, asking to involve Maxi Group as a third party without its own claims in the case, as the company owns a 35.5% voting shareholding in the plant. NLMK supported this petition, and the court sustained it. The preliminary court hearing will