07 March 200610:48

Deputy GD Alexander Suslov to become provisional GD, reports Mayak Production Association

Deputy GD and Chief Engineer Alexander Suslov will become the company’s provisional GD, reports Mayak Production Association. The decree to this effect was signed by General Director Vitaliy Sadovnikov and agreed on with the Head of Federal Atomic Energy Agency S. V. Kirienko today, reports the company’s spokesperson. On March 2, 2006, Leninskiy Court of Yekaterinburg approved of the Russian Federation Public Prosecutor’s Ural Division decree concerning the temporary removal of Mr Sadovnikov due to the legal action taken against him. The Court’s order was then sent to the Federal Atomic
07 March 200610:46

Bank of Russia to start payments to 2405 Granite Bank depositors

On February 17, 2006, The Board of Russian Central Bank decided to start payments to the depositors of the bankrupt Granite Bank. The Bank of Russia will pay 2405 depositors within the period of March 6 to July 6, 2006. The total amount of payments is to come to 122.4 million RUR. ImpexBank won the competition to become the intermediary bank as it asked for the smallest commission payments and possesses the greatest number of subsidiaries and offices. The amount of money allotted to each depositor is determined by the whole sum the bank owns to them but the payment will not exceed 100,000 RUR
07 March 200610:44

Metallurgical plant of Zlatoust to receive 184 million RUR worth of investments in 2006

Metallurgical plant of Zlatoust will receive 184 million RUR worth of investments from ESTAR Ltd. in 2006, the plant’s GD Alexander Rybkin announced at the meeting with Chelyabinsk Region Minister of Industry Evgeniy Teftelev. The reconstruction project includes installation of new equipment, replacement and innovation of hoisting gears, environmental protection schemes. The acquisition of a bar wire mill is currently under consideration, and so is the offer made by Tanaka of Japan to deliver the mill with the capacity of 250 tons a year; it costs $ 28 million. The next stage is to improve
06 March 200613:00

Metallurgical industrial complex of Nizhniy Tagil upgrades its fifth cokery

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) has almost completed upgrading its fifth cokery that had to be put out of operation in July 2005. According to the company’s spokesperson, they have already managed to do refractory masonry and started reinforcement. The builders now have to assemble the anchor columns needed to preserve the solidity of the structure and complete the technological rigging. This is predicted to take about one to two months and the final upgrading of the cokery is to take place in the second half of 2006. The improvements will allow the
06 March 200612:58

Building contractor of Park-House Trade Center pays 10 million RUR of compensation to Yekaterinburg Administration

Vremya Ltd., the building contractor of Park-House Trade Center, had to give 10 million RUR for ecological damage to Yekaterinburg Administration. The damage was caused by the company’s felling the trees in Osnovinsky park while building the trade center. Prior to the payment, the investigation performed by the State Environmental Inspection Rosprirodnadzor Deputy Head Oleg Mitvol had claimed to find that the building of Park-House and the related reconstruction of Osnovinsky park entailed serious violation of law. ‘The company’s building operations caused no law violations. As to the
06 March 200612:56

Ufaleynickel JSC replaces titanic air-ejection gas flue of reactors in its hydrometallurgical shop

Ufaleynickel JSC has recently accomplished a replacement of titanic air-ejection gas flue of reactors in its hydrometallurgical shop. According to the company’s PR-department, the first section of the gas flue was replaced in September 2005. The second section was to be replaced in April 2006, but, since the flue worked into the end of its operation life, the company has come up with the decision to start preparing its replacement before the due date. On February 15, 2006, the first hydro-compartment was shut down to start the preparations. The necessary rolled titanium was acquired before
06 March 200612:54

N.A. Semikhatov Scientific Production Association of Yekaterinburg awarded Federal Scientific Production Center status

N.A. Semikhatov Scientific Production Association of Yekaterinburg was awarded the Federal Scientific Production Center status after the corresponding decree had been signed by Head of Russian Federation Government Mikhail Fradkov. The Association comprises 1000 researchers, including 31 Candidates of Sciences and 1 Doctor of Sciences. The new status gives the company some extra benefits and is exempt from the property tax.
06 March 200612:52

Fireproof Works of Kyshtym introduce new high-alumina fills

Fireproof Works of Kyshtym started producing high-alumina fills in February 2006. As the spokesperson for Magnesite Group said to UrBC representative, the preparatory work started as early as 2005 with learning about the possibility of using various types of raw materials for the fills. After the best mixture had been designed, the production line had to be renovated, as there emerged the issues of acceptance, storing, and processing the new raw materials without any contact with the old kinds. At the moment the production is still experimental, and the results of this experiment are soon to
06 March 200612:50

Oktyabrskiy Court of Yekaterinburg settles preventive punishment for UralTransBank JSC Chairman Valeriy Zavodov

Oktyabrskiy Court of Yekaterinburg agreed on the preventive punishment for UralTransBank JSC Valeriy Zavodov, detained on March 1, 2006, a day later, reports the court representative. The Court decided that while his criminal lawsuit is being processed, Mr Zavodov had to give a written undertaking not to leave the city. The Chairman has been charged with subornation (Clause 204 (Part 3) of Russian Criminal Code). As previously reported by UrBC, the officers of Oktyabrskiy Internal Affairs Administration investigative force withdrew the documents of UralTransBank JSC on February 14, 2006. This
06 March 200612:48

Tilo Klinner, German Consul General in Yekaterinburg, visits Metallurgical Industrial Complex of Nizhniy Tagil

Tilo Klinner, German Consul General in Yekaterinburg, visited Metallurgical Industrial Complex of Nizhniy Tagil on March 2, 2006. According to the company’s spokesperson, the Complex has for a long time been cooperating with German firms, for example, in the field of production renovation. Thus, the new ultrasound control line was assembled with the help of German Fraunhofer Society for the advancement of applied research; the German subsidiary of Voest-Alpine Industrieanlagenbau took part in constructing section machines and # 6 blast furnace; the large machine-building enterprises Krupp
06 March 200612:46

Shareholders of Yekaterinburg Municipal Bank to discuss increase of authorized capital at the general meeting

Yekaterinburg Municipal Bank announced that the Board meeting had taken place on February 28, 2006. The meeting resulted in setting the agenda for the annual general meeting. The agenda includes issues having to do with the increase of the company’s authorized capital, the election of the Board members and the President. ‘The meeting will take place on May 26. There’s no knowing how the Board might change before this,’ says President’s Assistant Igor Vasilyev.
02 March 200610:00

Karpinsk Mashinostroitelny Zavod JSC to hold extraordinary stockholders’ meeting

Board of Directors of Karpinsk Mashinostroitelny Zavod JSC has come up with the decision to hold an extraordinary stockholders’ meeting on April 6, 2006. The list of stockholders eligible for the meeting is composed according to the situation for March 3, 2006. The shares are nominal and noncertificated, the face value of a single share is 95 RUR. The total quantity of the shares is 247,890 items.
02 March 200609:56

Magnesite Group to increase its export of periclase powders to Europe in March

In February 2006, Kombinat Magnesite JSC, member of Magnesite Group, supplied a consignment of 1,000 tons of PPTI-1-92 periclase powders to Czech and Romanian factories. The consumers are satisfied with the price and the quality of the shipped powders, hence their demand rates remain stable, the company’s PR-department reported to UrBC representative. Having regard to the state of the market, Magnesite Group is going to extend its presence in Eastern and Central Europe. The company plans for March 2006 provide for supplying a total of 3,000 tons of periclase powders to Germany, Czech Republic
02 March 200609:54

National Banking History Bureau JSC included in the state roll

Following the order of Federal Financial Markets Service, National Banking History Bureau was included in the official state roll of bureaus, reports the company’s spokesperson. By February 28, 2006, over 350 banks have signed the information exhange agreements with the Bureau, which means it is now cooperating with crediting organizations from all Russian Federation subjects. At the moment, there is a total of five bureaus on the list.
02 March 200609:52

Metallurgical works of Nizhny Tagil uses the billets of Novokuznetsk Metallurgical Works in its rail and structural steel productions

The similar productions of Evraz Group achieve closer cooperation. As part of these cooperative activities, the metallurgical works of Nizhny Tagil (Nizhnetagilsky Metallurgichesky Kombinat, NTMK JSC) integrated in Evraz Group received a rail rolling metal consignment of 600 tons from another member of Evraz, Novokuznetsky Metallurgichesky Kombinat JSC (metallurgical works of Novokuznetsk). The decision to ship the metal from Novokuznetsk to Nizhny Tagil was made by the Evraz Group balance committee to improve the distribution of production capacities of its metallurgical works, NTMK JSC
02 March 200609:50

Uraltrack Ltd. houses technological park

CHTZ-Uraltrack Ltd. housed Traktorozavodskiy Technopark Ltd. According to Uraltrack representative Evgeniy Kitaev, the park is home to a furniture factory, leather goods manufacture, ravioli production line, toys and a number of other firms. The new company is to run the commercial management of Uraltrack’s assets, including offering the offices for rent. It has already become the administrator of the company’s main buildings, equipment, engineering services and railways. Thus, it is going to be fully responsible for their repair, protection, and maintenance. The company’s constitutors are
02 March 200609:48

Uralkaliy JSC distributes over 5 billion of its profits for 2005

Uralkaliy JSC has distributed its profits for 2005. The company’s stockholders’ meeting has come up with the decision to pay the share dividend of 2.46 RUR, hence the total of distributed profits has come to 5,225,999,400 RUR. The liabilities to stockholders are to have been fulfilled by February 28, 2006. By March 1, 2006, the total of paid share dividends came to 5,149,091,707.44 RUR, the company’s report says. Therefore, the payment of 76,907,692.56 RUR of share dividends remain unfulfilled.
02 March 200609:46

Chelyabinsk transportation service to borrow 40 million RUR from the banks

Chelyabgortrans is going to arrange a bank loan of 40 million RUR with Chelyabinsk Administration as guarantor; such was the decision made by the city Duma at the meeting yesterday. ‘To ensure uninterrupted public transport service, we thought it would be a good idea to consider a credit,’ said Vice Mayor for Transportation Vladimir Aleinikov. He believes the money should be used for the repayment of debts and buying combustive-lubricating fuel. Chelyabgortrans owed the local electricity supplier nearly 16.5 million RUR in mid-February, which resulted in power cuts in the buildings and