UrBC, Magnitogorsk, Chelyabinsk Region, September 6, 2016. Magnitogorsk Iron & Steel Works (MMK) saved 230.5m RUR due to various improvement proposals and their implementation in the first half of 2016. This was 7.1% more than one year earlier. ‘Around 3,000 proposals got submitted in the first half of the year, with 2m RUR paid out in royalty fees. Over a quarter of proposals considered by our department committees had to do with job and industrial safety. Approximately 11% of proposals were related to cutting costs and resource spending as well as to increases in energy efficiency,’ the

UrBC, Yekaterinburg, September 6, 2016. Six employees of Ural Vagon Zavod Corporation’s 103 Bronetankovyy Remontnyy Zavod, an armored vehicle repair plant in Chita, received Russian Defense Ministry’s awards, the corporation’s press service reports. The decree to this effect was signed by Russia’s Defense Minister Sergei Shoigu. The plant’s Deputy Executive Director Evgeny Lapshakov, who has been with the company for thirty-one years now, miller Sergei Matvienko (twenty-five years’ work experience at the plant), Senior Technician/Engineer Pavel Zhusman (six years), and repair technician

UrBC, Yekaterinburg, September 6, 2016. AI Machine Learning options offered by the telecommunications provider MegaFon allowed the Ural Bank for Reconstruction & Development to reduce its expected loan loss by as much as 8%, MegaFon’s press service reports. MegaFon and UBRD Group first announced they were going to work together at the Innoprom 2016 International Exhibition in July. MegaFon’s service is now available to two of the Group’s leading institutions, VUZ-Bank and UBRD, and is used to ensure a better estimate of a borrower’s paying capacity and more efficient repayment risk

UrBC, Yekaterinburg, September 6, 2016. EVRAZ Holding’s Nizhniy Tagil Integrated Metallurgical Works (NTMK) is currently getting its pipe shell grinding repair facility retooled and upgraded, the company press service reports. Once all the renovations and improvements have been completed, the pipe shell output is expected to double, with improved product quality and a wider range of produce as accompanying bonuses, EVRAZ Holding states. The retooling involves installing a second pipe shell grinding repair line with a wheel-abrator machine to ensure complete removal of surface oxidation, a

UrBC, Yekaterinburg, September 6, 2016. SKB-Bank is now among the top banks in the Urals and Siberia bank rating for the first half of the year according to Expert-Ural analysts, the bank’s press service reports. The bank was No.1 in terms of asset volume (134.9bn RUR) and own funds (13.9bn RUR). SKB-Bank also issued 65.9bn RUR worth of consumer loans as of July 1, 2016, thus hitting the top of the Mid-Urals-based banks’ rating. Its corporate loan book rose by 16% against last December and reached 13.9bn RUR. SKB-Bank also came second in the rating in terms of amount of money deposited by

UrBC, Yekaterinburg, September 6, 2016. Ural Vagon Zavod Corporation’s Chelyabinsk-based member enterprise Electromachine is going to present some twenty of its new developments at a large-scale overall corporation stand at the Army 2016 Forum, the company press service reports. Power supply systems will serve as this exhibition’s special feature. The plant will be showing its diesel power plants DEA 2, DEA 4K, and DEA 10T that have been used successfully at both Russian and international customers’ facilities. A promising development will be demonstrated for the first time: a rather powerful