The last carriage loaded with parts of the new PT-90 steam turbine meant for the power station located in People’s Republic of China started its journey from the premises of Ural Turbine Plant (part of Renova Group) on October 30, 2006. Another such turbine is now being made as well. In addition, the works is planning to sign a contract involving production of the first 300-megawatt steam turbine with Harbin Turbine Works in April 2007. This turbine will be installed at another Chinese power station. At the recent meeting of the two parties, they had a chance to look at the working schedule.

Pipe Metallurgical Company (aka TMK) announced that it managed to go through with the over-allotment option with the help of its global coordinators. The option amounts to 18m shares sold at $5.40 per share. The right to go ahead with the over-allotment was received due to successful offering of 180m shares. Now the company offers 198m shares (excluding the incidental selling of shares to the company’s personnel); the total profit from the operation comes to $1,069,200. The Global Depositary Receipts of Pipe Metallurgical Company quoted at London Stock Exchange were given the ticker tape

The Improvements Department of Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) looked at the results of its activity during the summer and fall 2006. Over six months, the employees of the department have surfaced 58,000 square meters of roads with asphaltic concrete pavement, renovated almost 3,000 square meters of sidewalks, and made some improvements in a few of the company’s remote shops. The bulk of the work was done it the oxygen-compressor shop, in the shaped casting shop, in No. 3 metallurgical equipment repair shop, and in the company’s central square, reports

A militia station in Yekaterinburg received a phone call at 9.20 PM yesterday about the bomb allegedly placed at the local railway station. In compliance with the existing rules, all passengers that happened to be there at that moment were evacuated and the overrunning train was placed on the first railway. The rescue team surveyed the area but found no explosives or suspicious-looking items either on the platforms or in the building. The railway started operating again at 10.30 PM. ‘There were no passengers on the premises during the surveying period,’ says Yulia Verkhovikh, PR Director of

The 51-day overhaul consisting in the replacement of the drum of the winder has been completed at Kazskiy subsidiary of Evrazruda (ore maker and part of Evraz Group). This overhaul is quite unique in that this is the first replacement of such a bulky obsolete item in the company’s history. The drum shaft weighs 34 tons, the main part weighs 70 tons, and the diameter of the drum is 5 meters. It was actually delivered on the premises of the company on three railway platforms. In the course of the overhaul, the company’s general contractor, NSK Novokuznetsk Ltd., applied the original yet simple

Around thirty retail outlets of EuroSet, the mobile phone trader, started dealing in selling and booking tickets for Ural Airline flights on November 1, 2006. Prior to this, buying a ticket in the mobile phone shop was only available to residents of little Ural towns (for instances, for people living in Polevskoy, Artemovskiy, Kackanar, Miass, Snezhinsk, etc.). The outlets of EuroSet in Yekaterinburg were selected based on the geographical criterion: the air carrier wanted its offices to be located in all of the city’s districts. The second criterion consisted in the long working hours of the

Izhorsk Works is going to hold an extraordinary general meeting on November 28, 2006. The maim item on the agenda is reelecting the Board of Directors. United Machine Building Works (which Izhorsk Works is part of) decided to elect two representatives of Federal Atomic Power Agency Members of the Board of Izhorsk Works. This will be done within the framework of the joint venture project with AtomEnergoMash. The reelection is also targeted at improving cooperation among all parties involved as well as at trying to obtain a state contract (according to the federal Nuclear Industry Development

The 1500/180 primary crusher delivered by OMZ Uralmash (part of United Machine Building Works) started operating at No. 3 crushing plant of Severniy Ore Mining and Processing Enterprise, the Ukraine. The crusher was made at Uralmashzavod based on the engineering project of OMZ Crushing and Reduction Equipment (both enterprises are part of OMZ Uralmash). Ukrainian Prime Minister Viktor Yanukovitch attended the launching ceremony that took place in mid-October. The introduction of No. 3 crushing plant at Severniy Ore Mining and Processing Enterprise (part of MetInvest Holding) has become the

According to the Central Bank of Russia, the volume of loans given by Mechel Bank to natural persons for a term of 91 to 180 days has gone down by 68.02% (from 37,137,000 RUR to 11,876,000 RUR) throughout January-September 2006.

The employees of ChelyabEnergoSbyt, Chelyabinsk Region heat and electricity supplier, took part in the second series of New Generation Business Leader Program. According to their spokesperson, more people from the company attended the seminar this time compared with the first series. In order to select the participants, an ad hoc committee made up of managers, psychologists, and the company’s employees assessed the essays of the candidates written of the topic of what the 21st century business leader should be and look like. The authors of two best essays (Anatoliy Dzyuba and Andrey Sokolov)

First Power Generating Company (aka OGk-1) received the certificate of preparedness for the winter season. All of its power stations have been considered well-prepared for the maximum workload expected in late fall and winter; they got their certificates as early as October, reports the company’s spokesperson. OGK-1 has already repaired both major and supplementary equipment, buildings, and facilities; the corporate repair campaign is almost over now, with over 1.3bn RUR spent over the nine months of 2006. The oil-receiving and discharging systems, fuel preparation facilities, and

United Machine Building Works has recently published a report on the intermediate results of its financial success (based on the IAS) in the first half of 2006. The enterprise made 9.6% more profits in the first six months of 2006 compared with the first six months of 2005; the figure came to $374.3m, with international sales amounting to 55% of revenues. The company’s operational profit reached the point of $25m in June 2006, which is 21% better than one year earlier. EBITDA came to $37m, which exceeds the figures for January-June 2005 by 22%, reports the spokesperson for United Machine

Vysokogorskiy Ore Mining and Processing Enterprise (part of Evraz Group) upgraded its gas-tracking facilities located in the boiler and the ignition furnaces of agglomachines of Lebyazhinskiy agglomeration shop and in the boiler of Vysokogorskiy processing shop. These improvements provide for more reliable data on gas consumption and allow the company to keep track of its spending patterns as well as reduce their gas bills. The enterprise obtained the technical provisos from the gas supplier and had to redo its calculations and buy some new meters that were fixed in places with dramatic

The Interregional Federal Tax Service Inspectorate laid a claim against UralSvyazInform, the local mobile operator, demanding that the defendant pay 690m RUR worth of taxes and fines that it allegedly failed to pay in 2003-2004. The taxes come to 567.7m, with fines adding up to another 122.1m RUR, of which 448.2m comprise the income tax the inspectorate never received and 117.9m comprise the VAT. This information was reported by the spokesperson for UralSvyazInform; the spokesperson says the company is going to appeal against the claim.

The Managing Director of Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) Alexei Kushnarev has received a special letter of thanks from the Federal Agency of State Reserves (RosREserve). The management of the Complex was awarded for fruitful cooperation and achievements in the field of storing and maintaining valuables classed as the emergency reserve. The Complex, one of Russia’s largest metallurgical enterprises, has for a long time been the responsible keeper of RosReserve. The company ensures immunity and regular updates of storehouses with raw stuffs and materials

Rescue teams are still operating at the site of an air-gas mixture explosion in UralCement JSC (based in the village of Pervomayskaya in Korkino District). On October 29, 2006, an air-gas mixture explosion occurred at No. 2 firing house of UralCement JSC. The explosion had been caused by a sudden gas pressure jump that resulted in a gas escape and a gas bolt fracture at the technological gas pipeline. The explosion destroyed the kiln control center and caused a collapse of the reinforced concrete constructions on area of 2,000 square meters. At the moment of explosion, 11 company employees

Magnesite Industrial Complex (part of Magnesite Group) installed unique natural gas record-keeping equipment at No. 1 and No. 2 gas-distributing units. This is the first equipment of such kind in Russia. The company used to have SuperFlow II (precision of 1.1% to 2.5%, depending on the flow), yet due the ever-growing energy resource tariffs the management of the Complex and of Magnesite Group decided to switch to the modern facility based on Dutch Q Sonic ultrasonic transducer (precision of up to .6%). As the spokesperson for Magnesite Group said to UrBC representative, this new

Sverdlovsk Region Court of Arbitration officially confirmed the bankruptcy of VIK Ltd., Vysokogoriye Trade House and Ural Gold Platinum Association Ltd. These companies were found insolvent, so now they have to undergo bankruptcy proceedings. Mr E. B. Rokhlin was appointed trustee in bankruptcy. The debtees may place their demands within two months of the official report of bankruptcy, thus the deadline for applications is December 28, 2006.

United Machine Building Works won the Corporate Media Leader 2006 contest as the owner of The Best Corporate Site 2006. The competition took place in Moscow on October 26-27, 2006 as part of the 3d All-Russian corporate media forum (CorPress 2006). It was organized by the Russian Department of International Association of Business Communication (IABC) and supported by Russian Federation Chamber of Commerce and Industry and the Guild of Corporate Media (part of Media Industry Association Committee) Forty corporate media, including those of VneshTorgBank, SberBank, SUAL Holding, RAO UES of

OMZ Uralsmash (part of United Machine Building Works) set to constructing a large modern storage facility meant for servicing the corporate divisions as well as other local clients. The area is currently occupied by the storage houses of Uralmashzavod (a business unit of OMZ Uralsmash). The project will have been completed by May 2007. Uralmashzavod is already using its vehicles and facilities to render services to a number of organizations such as receiving, shipping, and forwarding railway carriages and containers, maintenance and storing of goods and equipment, customs clearance,