Cement works of Chelyabinsk Region will invest over 1.4bn RUR in production development and environmental projects in 2006-2010, the spokesperson for Chelyabinsk Region Ministry of Construction, Infrastructure, and Roads said to UrBC representative. UralCement CJSC is expected to invest ?5.5m in a number of environmental projects and equipment upgrading. KatavCement JSC (part of EuroCement JSC) will direct 536.6m RUR to the development of marl extracting mine, introducing automated equipment, improvements in energy supply and other projects. Magnitogorskiy Cementno-Ogneuporniy Zavod JSC

Uraltrubprom JSC, Ural tube maker, assessed its productivity in April 2006. According to the company’s PR-department, the sales in April 2006 came to 19,054 tons of goods, which exceeds the correspondent figures for the previous year by 31.5%. A large share of the goods sold (13,338 tons or 70%) was made up by electric-welded joist closed web. The company sold 5,176 tons of oil pipes as well. Uraltrubprom also opened OY Trubprom Europe Ltd, its representative office in Finland, in order to extend its market.

In April 2006, Ashinsky Metallurgichesky Zavod JSC (Metallurgical Works of Asha) produced 556,657,000 RUR worth of goods. This was reported to UrBC representative by the company’s PR-department. Within the month of April, the company produced 48,818 tons of steel, 40,516 tons of rolled metal, 5,115.8 kg of amorphous tape, 165,978 magnetic conductors. The company also produced 32,371,800 RUR worth of consumer goods.

The official receiver of Yuryuzanskiy machine building works announced an auction aimed at selling the company’s assets, namely, part of the rights to electrical facility 1500/300, a dock, and some rooms in the automatic mechanical shop. The auction is to take place on May 30, 2006.

In April 2006, Teplopribor JSC successfully finished the qualification testing of SC-02 universal communication module with data memory for KASKAD-E intelligent controller. SC-02 is a high-speed communication module for connection to managed-data network. It ensures data transfer from the input-output system built on KASKAD-E intelligent controllers to the network master device (PS compatible computer etc.) According to the company’s marketing department, SC-02 is to be put into batch production within May 2006.

CHTZ UralTruck Ltd. supplied its new B-12 bulldozer to a company in Afghanistan dealing in mining equipment supplies to the north of the country. As the company’s spokesperson said to UrBC representative, the transaction was the logical outcome of direct contacts of CHTZ with its foreign partners. Provided that the bulldozer proves effective in Afghanistan, the company should receive more orders.

Chelyabinsk regional court decided on May 11 as the date to proceed with the preliminary trial of GD of Mayak Production Association Vitaliy Sadovnikov. According to the spokesperson, they are not allowed to announce the names of the judges yet. Mr Sadovnikov was charged with violation of regulations concerning operation and maintenance of environmentally hazardous equipment and waste (Clauses 246 and 247 (Part 1) of Russian Criminal Code) in February 2006. According to the results of the investigation carried out by the General Public Prosecutor of Russian Federation, the management’s

Abagurskaya processing and agglomeration plant (part of Evrazruda JSC) completed the scheduled overhaul of No. 2 stationary car dumper; the overhaul was meant to ensure uninterrupted operation of the device. According to the company’s spokesperson, the employees of NSK Novokusnetsk Ltd. and the company’s specialists repaired the mechanical and electrical equipment, the dumper platform, and the header bin hardware. They also replaced worn-out parts such as the feed apron tape, lined the mounting surface, examined the center shaft drive, and assembled new brackets. All operations were completed

The management of Ural Aggregate Mechanical Plant JSC (part of Ivolga Holding Ltd.) located in Emanzhelinsk, Chelyabinsk Region, is considering the option of introducing regular overhauls of agricultural equipment. As the spokesperson for the town administration said to UrBC representative, the plant has already repaired 8 tractors that went to Troitskiy District to be used in sowing. According to Director V. Lenivtsev, these repair orders should revive the company as it currently uses only half of its production capacity.

Ural Fund JSC will hold the general shareholder meeting on May 24, 2006. The points on the agenda include confirmation of the annual accounting report, profit distribution, and amendments to the company’s Charter. Besides, the shareholders will have to elect the Board of Directors, the inspection committee cast, and the company’s Auditor for 2006.

The meeting of UIK-Bank stockholders was held on April 27, 2006. The stockholders heard and approved of the report on the bank’s operations in 2005. The auditor’s opinion prepared by the auditing firm Class-Audit Ltd. was presented to the stockholders. They also approved of the reports of the bank’s inspection commission and of the bank’s internal control department. According to the stockholders’ decision, the profit earned by UIK-Bank Ltd. during 2005 has been transferred to the Production Development Fund.

On April 28, 2006, Board of Directors of Uralsvyazinform JSC defined time and place of the company’s stockholders meeting. The meeting is to be held on June 22, 2006, the company’s PR-department reports. The list of attendees was complied according to the state of events as of May 5, 2006.

Management of Russky Khrom 1915 CJSC (Russian Chrome 1915) is considering opportunities to renounce the tolling contract of sodium dichromate delivery to Kermas Company. The contract came into effect in May 2005. ‘Although tolling is a perfectly legitimate scheme of production organization which is widely used worldwide, Russian joint proprietors of the company are inclined to reduce processing of goods made on commission and seek to arrange direct raw materials supplies,’ the message of the Russian Chrome 1915 PR-department indicates.

The Board of Directors of United Machine Building Works JSC decided to holdthe annual shareholder meeting on June 5, 2006. The Board compiled the agenda and suggested that the shareholders should declare and pay the preference share dividend of 12% of face value. Part of the profit will probably be invested in the company development. The list of shareholders was closed on April 17, 2006. The total number of placed equities is 35, 480,186, that of preference shares is 2,750,000. The face value of one share is .1 RUR.

According to the accounting report of Bank Khlebniy JSC presented in the course of the general shareholder meeting on April 20, 2006, the bank’s assets as of January 1, 2006 came to 75,903,000 RUR, which exceeds the sum for January 1, 2005 by 24.51%. The net loan debt went up by 57.24% and reached the point of 40,589 RUR. The bank’s liabilities rose by 32.98% because of the funds obtained via People’s Bank of Kazakhstan, proprietor of Bank Khlebniy JSC. The bank’s loan portfolio rose by 1.6 times compared to the beginning of 2005 and amounted to 44,844,700 RUR. Most of the loan portfolio

A pilot batch of protective devices for VAZ-1118 Kalina cars was produced at Metallist plant of Verkhniy Ufaley in April 2006. The device had been designed by Trek Production Association CJSC. It is a hood with traditional molded edges that allow to triple its stiffness against ‘flat’ configurations and to decrease the weight as much as possible. The hood is fixed onto the bearing members of the body without any additional location bracketry and does not need to be specifically fitted in, which makes it handy for drivers. The device provides for extra protection around the bleed holes of the

Machine Building Works of Kopeisk JSC sold out its subsidiary Krystal Ltd. Its share holding in the subsidiary amounted to 80%. The selling out procedure was recorded (minutes No. 4) at the general meeting of Crystal shareholders on April 26, 2006.

CHPATO-2 JSC is going to hold general meeting on May 26, 2006. The points on the agenda include confirmation of the annual balance sheet and the profit distribution for 2005. The shareholders will also have to elect the Board Members, the inspection committee, and the company’s Auditor.

In the first quarter of 2006, net profit of Power Generating Company of Chelyabinsk JSC went up by 62,528,000 RUR (24%) against a year earlier. According to the spokesperson, this has to do with the seasonal increase in heat consumption.

Ashinsky Metallurgichesky Zavod JSC (Metallurgical Works of Asha) announced its acquisition of 51% interest in Karamet Ltd (Kazan, Tatarstan). The date of change of interest of Ashinsky Metallurgichesky Zavod JSC in the authorized capital of Karamet is March 28, 2006.