February 13, 2015. Magnitogorsk Iron & Steel Works (MMK) is planning to retain its current production output during the next decade and therefore make some 12,000,000,000 kg of metal goods at its primary production site in Magnitogorsk. To ensure maximum output, MMK will focus on efficiency, the company’s Business Development & Management Director Maxim Lapin said at an Adam Smith Conferences media event dedicated to the CIS and Russia’s metallurgical and mining industry. ‘MMK strategy for the following decade is making sure its head plant in Magnitogorsk remains efficient, which

February 13, 2015. Magnitogorsk Iron & Steel Works (MMK) is planning to retain its current production output during the next decade and therefore make some 12,000,000,000 kg of metal goods at its primary production site in Magnitogorsk. To ensure maximum output, MMK will focus on efficiency, the company’s Business Development & Management Director Maxim Lapin said at an Adam Smith Conferences media event dedicated to the CIS and Russia’s metallurgical and mining industry. ‘MMK strategy for the following decade is making sure its head plant in Magnitogorsk remains efficient, which

February 13, 2015. All the preparations for the Russian Classic hockey game that is to take place at Uralvagonzavod Corporation’s head plant’s stadium on February 14 are complete in Nizhniy Tagil. Nizhniy Tagil’s Sputnik will play against Yuzhniy Ural from Orsk. ‘Russian Classic is more than a grand hockey match. This is a performance that is meant to show Nizhniy Tagil as a city where serious and positive changes are taking place. Nizhniy Tagil has always been keen on sports: take, for example, the successful round of the World Cup Ski Jumping Championship, as well as the upcoming hockey

February 13, 2015. LEPSE Electric Machine-Building Plant (a member enterprise of Uralvagonzavod Corporation) launched Combomax 400, a laser welding unit. This new Russian equipment, made by Bulat, was delivered onto the plant in late 2014 as part of the company’s import replacement program, the corporation’s press service reports. The unit is meant for welding parts of electric mechanisms, eliminating the defects of castings, repairing compression molds, and for other operations where welding without thermal deformation is required. ‘Combomax 400 has a powerful laser beam source that allows

February 13, 2015. One of the world’s major pipe manufacturers, Pipe Metallurgical Company (TMK) bought a 100% stake in ChermetServisSnabzheniye. The transaction cost the company some 2,73bn RUR. This purchase is not going to affect the capital expenses in 2015; on the contrary, the deal is expected to reduce the CAPEX by over 34% compared with 2014, the company’s press service reports. ChermetServisSnabzheniye was set up in 2000; it is now one of the largest players on the Russian scrap ferrous metal market and keeps building up on its sales and revenues. ChermetServisSnabzheniye is TMK’s

February 13, 2015. Pipe Metallurgical Company (TMK), one of the world’s leading OCTG producers, redeemed its convertible bonds (to be paid off in 2015) with 5.25% coupon yield, the company’s press service reports. The bonds could be converted into TMK’s GDRs, each of which stand for four ordinary shares. In order to pay off the bonds, TMK used the money obtained through its operational and financial performance, including a four-year U.S. dollar loan taken out from one of major Russian privately run banks. The company isn’t planning to go through with a public offer of its 17,876,489 GDRs

February 13, 2015. The Sociology Department of Financial University under the Russian Federation Government carried a rating of the country’s cities with the best living standards in 2014. According to Yekaterinburg Council’s press service, the research involved 37 Russian cities with population over 500,000 people. The rating positions were ascribed based on statistical and sociological data that were obtained through population surveys. Yekaterinburg was given the 6th position in the rating in terms of the quality of education it offers. Head of Yekaterinburg Council Education Department