Chelnetma JSC is going to hold the annual general meeting on April 17, 2006. The points on the agenda include approving the annual balance sheet as well as the profit and loss account; the shareholders had to confirm the Board’s decision to withhold dividends for 2005, too. In addition, the meeting has to result in electing the new Board of Directors and the inspection Committee as well as deciding on the company’s auditor for 2006.

Uralmashzavod JSC, member of OMZ-Uralmash, produced wicket gate and foundation units for modernization of water turbines at two stations of Volzhsky coordinated hydroelectric system and shipped them to Silovye Mashiny JSC. The total weight of the equipment is 370 tons. The production contract with Leningradsky Metallichesky Zavod (branch of Silovye Mashiny JSC) was negotiated in May 2005. According to the report of Uralmashzavod PR-Department, this contract is the company’s second contract for production of water turbine equipment. Under the terms of the first one, OMZ shipped 712 tons of

UglemetBank JSC Board of Directors decided to close their Moscow subsidiary last Monday. According to Deputy GD Nikolay Romanenko, this had to do with the final transfer of the bank’s headquarters to Chelyabinsk and therefore making the structure of the company less extended. Up to then, two of the bank’s subsidiaries were operating in Moscow, one of which was set up in 2005 as an interim office. ‘Now the representative functions of one of the offices in Moscow are to be delegated to the other subsidiary,’ Mr Romanenko said.

Metallurgical company of Magnitogorsk made 29,819,793 million RUR in net profit in 2005, which is 10.84% (3,626,687 million RUR) less than a year earlier. The company reports that the decrease was caused by the prime cost going up faster than the sales profits, which in turn had been caused by the increase in raw and fuel energy prices.

Chelyabinsk-Stroyindustriya Manufacturing Commercial Enterprise Ltd. (part of ChelSI) building materials producer of Chelyabinsk, repaired 159 kilometers of roads in 2005, including 73.8 kilometers of federal highways and 85.2 kilometers of city roads (Gorky St, Komsomolskiy Ave, Brothers Kashirini St, Gagarin St, Tankograd St, Svoboda St, Zhukov St, Tchaikovsky St, Meridian Rd, Troitskiy highway). The enterprise fitted 259,192 square meters of road concrete mix, 16,800 square meters of paving slabs, 26,030 meters of curbing, 32,368 fencing units, reports ChelSI spokesperson.

In April 2006, machines for press rigging production will be supplied to Kombinat Magnezit JSC (a member of refractory industry holding company Magnezit Group). The company negotiated an equipment delivery contract with Swiss firm GALIKA AG. The equipment is destined for the high-tech centre of Kombinat Magnezit JSC. The company is going to launch a domestic manufacturing and maintenance of press rigging by 2008. The total costs of the project will come to 76 million RUR, the PR-department of Kombinat Magnezit JSC reported to UrBC representative. The first project evaluations and results are

A new loading tray is installed and set into operation in the ore and charge conditioning plant of melting shop of Ufaleynickel JSC (nickel producer of Verkhny Ufaley in Chelyabinsk Region), the company’s PR-department reported to UrBC representative. The chute moves the ore from the plant into the melting shop. It opens up a possibility to proceed with ore transportation during any kind of the main tray repairing and hence prevents from interrupting the company’s production operations.

Chelyabinsk-Stroyindustriya Manufacturing Commercial Enterprise Ltd. (part of ChelSI) building materials producer of Chelyabinsk, produced 3.5 million tons of rock products in 2005. Thus, the enterprise produced 2.3 million tons of crushed stone, 1.1 million tons of macadam-sand mixture, 395,000 tons of asphalt, 40,000 cubic meters of concrete, 120,000 square meters of paving slabs, 100,000 square meters of curbing, 130,000 fencing units, 200,000 face wall bricks, 300,000 masonry units, 10 kilometers of gutter, reports ChelSI spokesperson.

‘We are going to resume production within the next few days’, Lyubov Slepukhina, Production Manager of Yuzhno-Uralsky Spirtovo-Vodochny Zavod Ltd. (vodka distillery of Southern Urals located in the town of Ozyorsk, Chelyabinsk Region) said to UrBC representative. In January 2006, Russian spirituous liquors producers, unable to acquire new federal excise duty stamps, had to suspense their operations. ‘At the moment, our vodka distillery is completing the bank guarantee for the new duty stamps. In addition, we are about to finish putting into operation the barcode equipment. So, regardless of

Trubnaya Metallurgicheskaya Kompaniya JSC, tube and pipe producer, allotted their third issue of debenture bonds with the total face value of 5 billion RUR on February 21, 2006. The bonds were allotted via Moscow Interbank Currency Exchange (MMVB Stock Exchange) in the course of an open auction aimed at determining the interest rate coming from the first warrant. 130 investor applications were presented altogether, the total demand coming to 7,745.505 million RUR with first warrant interest rate ranging from 7.70% to 8.15% a year. Most applications fell into the 7.9% to 8.0% bids. The

Ural car factory has recently gone through an auditing procedure which took four days. The executives of Moscow-based InterCertifica-TUF, on behalf of German ТUV-CERT, the major certificating authority, examined the factory and stated that the company’s management system was in full compliance with the international norms ISO 9001 of the year 2000, the company’s spokesperson said to UrBC representative.

Vanadium, the ore mining and processing enterprise of Kachkanar, has recently paid dividends for the nine months of 2005. According to the decision made at the extraordinary general meeting, the total value of dividends coming from the company’s shares amounted to 4,498,360,888.56 RUR, the dividends per share coming to 11.78 RUR. It was also decided that the dividends should be fully paid off before February20, 2006. The total value of the dividends actually paid came to 4,496,941,575.20 RUR, the company’s spokesperson said to UrBC representative.

According to the date presented by Sverdlovsk Region Energy Committee, Makovskiy food enterprise Ltd. will raise meat prices by the average of 13% starting March 1, 2006. Tallinskaya smoked sausage, for example, will cost 134 RUR per kilo instead of the earlier 122 RUR, Krakovskaya kind will jump to 140 RUR from the previous 128 RUR, Lipetskaya variety will be sold at 116 RUR instead of 105 RUR, Doctorskaya boiled sausage will go up from 120 RUR to 135 RUR, Molochnaya variety will go up from 119 RUR to 134 RUR per kilo, Russkaya variety – from 120 to 135 RUR. As for the slightly more upmarket

Magnesite Industrial Complex (part of Magnesite Group Holding) is going to receive the new Swiss press rigging equipment in April 2006. The corresponding agreement was signed between the company’s hi-tech center and GALIKA AG of Switzerland. As Magnesite Group spokesperson said to UrBC representative, the project is going to cost 76 million RUR, covering the setting up of their own production line (to be completed in 2008) and its further maintenance. The first tangible results are expected to be seen early in 2007. The project’s economic sustainability is such that it may actually pay off

Okami Motors trade center sold 241 cars in January 2006, of which 154 were Hyundai ones and 87 – Mitsubishi models, the company’s spokesperson said to UrBC representative. These sales figures indicate a decrease of 35.73% compared to December 2005. ‘The reasons for this are, most likely, the winter holidays and the traditional lapse in the buying activity until mid-January,’ the spokesperson explained. Hyundai Getz, Hyundai Tucson, Hyundai Accent, and Mitsubishi Lancer were in the greatest demand last month, with sales figures coming to 13.3%, 12%, 25.3% and 25.6% of the total sales turnover,

Ufaleynickel JSC, regional nickel maker, assembled and put into operation the new shifting chute to be used in the company’s Raw Processing and Furnace Charge Preparation Department, the company’s spokesperson said to UrBC representative. The chute will help transfer ore from the Department to the melting workshop. Its particular handiness consists in providing the uninterrupted ore supply even when the main chute is under renovation or repair.

Chelyabinsk-Stroyindustriya Manufacturing Commercial Enterprise Ltd. (part of ChelSI) building materials producer of Chelyabinsk, produced 3.5 million tons of rock products in 2005. Thus, the enterprise produced 2.3 million tons of crushed stone, 1.1 million tons of macadam-sand mixture, 395,000 tons of asphalt, 40,000 cubic meters of concrete, 120,000 square meters of paving slabs, 100,000 square meters of curbing, 130,000 fencing units, 200,000 face wall bricks, 300,000 masonry units, 10 kilometers of gutter, reports ChelSI spokesperson.

‘We are going to resume production within the next few days’, Lyubov Slepukhina, Production Manager of Yuzhno-Uralsky Spirtovo-Vodochny Zavod Ltd. (vodka distillery of Southern Urals located in the town of Ozyorsk, Chelyabinsk Region) said to UrBC representative. In January 2006, Russian spirituous liquors producers, unable to acquire new federal excise duty stamps, had to suspense their operations. ‘At the moment, our vodka distillery is completing the bank guarantee for the new duty stamps. In addition, we are about to finish putting into operation the barcode equipment. So, regardless of

The executives of Uralskiy Turbinniy Zavod (Ural Turbine Works) CJSC presented the specialists of Indonesia’s leading state enterprises Perusahaan Gas Negara (PGN, dealing in state-wide gas supplies) and Perusahaan Listrik Negara (PLN, electricity supplier) the TGU-11 expansion gas turbine with the capacity of 11 megawatt. This took place in Jakarta at the beginning of the year. ‘The turbine was developed by the works’ employees as early as the 1990s, yet it is only going to become more and more necessary as new opportunities spring up for electricity production. Even though there are strict

Director of German InterMedico GmbH Andre Kohl has recently visited Yekaterinburg to hold a number of meetings. The German enterprise InterMedico GmbH deals in developing construction projects for medical establishments and can carry out the full building and equipment procedures as well as provide technical maintenance afterwards. The company’s priorities have to do with cancer and heart disease treatment clinics, prenatal diagnostics and perinatal childcare. At the meeting with Governor of Sverdlovs Region Eduard Rossel, Mr Kohl noted that he would like to introduce German management styles