Evrazruda JSC completed overhaul of mine manufacturing equipment and grinding and mineral processing equipment in its Abaza subsidiary in Khakasia. According to the company’s spokesperson, they were not able to produce anything for 9 days, but the shipments of iron-ore concentrate met all the deadlines due to the earlier stocks. The overhaul included pile-driving block welding deposition in Glavniy groove, replacement of skip supports, laying the extra 185-meter long dewatering pipeline, renovation of the jawbreaker and of the car dumper. Besides, the company employees repaired the grinding

The annual shareholder meeting on April 25, 2006 resulted in the decision to pass a dividend for 2005. The shareholders also approved of the annual report, of the annual accounting report, elected the Board of Directors and the inspection committee as well as the company’s Auditor (Economics and Finance Ltd.)

UIK Bank Ltd. assessed its achievements in the first quarter of 2006. The bank’s assets came to 606.9m RUR, the net loan debt amounted to 475.3m RUR (an increase of 50%). 393.4m RUR were invested in the form of savings and deposits, the net profit came to 1.3m RUR. The bank capital reached the figure of 70.9m RUR.

Stockholders’ meeting of Makfa JSC was held on May 10, 2006. The stockholders approved of the company’s annual report for 2005 and the profit and loss distribution. The company’s net avails went down by 60,456,000 RUR (1.4%); the total prime cost of the sold production went down by 161,000,126,000 RUR. V. Belousov, D. Meshkov, V. Yurevich, N. Yurevich and G. Yefimova were elected the company’s Board of Directors. The stockholders also elected members of the company’s inspection commission and approved of Audit-Classic CJSC as the auditor of the Association. They approved of Makfa Management

A stockholder meeting of Trubodetal JSC is to be held on May 26, 2006. The agenda contains confirmation of the company’s annual report, profit distribution, election of members of the company’s Board of Directors and inspection commission. The stockholders will also address the question of approving of potentially beneficial transactions between Trubodetal JSC and OMK-Stal Ltd. The transactions could amount to up to 1.5b RUR and 1b RUR, respectively.

Sotsialnaya Zaschita Starosti (Social Protection of the Elderly) non-governmental pension fund and Renessans Capital Management Company Ltd. signed the superannuation funds management contract. This fact was reported to UrBC representative by a spokesperson for the Fund. According to their CEO, Igor Skrypkin, the offer of Renessans Capital meets the strategic objectives of the pension fund, primarily aimed at conserving pension contributions of private persons, and hedging them against the inflation. To date, the total investments of the pension fund trustors amounts to 120m RUR. Within the

Within the first quarter of 2006, the sales of Chelyabenergosbyt JSC, Chelyabinsk regional electricity supplier, came to 98.5% of the company’s sales target. The same figure for the previous year amounted to 97.4%. During the three months the company’s accounts receivable grew by 77.1m RUR. According to PR-department of Chelyabenergosbyt, some heavy electricity users keep their debts to the company unpaid during a number of years. The total amount of indebtedness of the Chelyabinsk Region housing and communal services comes to 141.7m RUR, including 38.6m RUR of debts made by Oblkommunenergo,

No official orders to withdraw Borjomi mineral water from Sverdlovsk Region stores have been issued yet; however, the executives of local division of Rospotrebnadzor, a consumer goods watchdog, have already sent letters to their departments asking to check out all ‘suspicious-looking’ Borjomi bottles, their spokesperson Anna Kalinina said to UrBC representative. ‘We’re not going to withdraw every single bottle, just the suspicious-looking ones. The latter will undergo an expert examination and, should they fail to meet our demands, they will have to be taken away from the stores anyway,’ Ms

S7 Airlines signed interline agreements with Singapore Airlines and TAP (Air Portugal). The agreements provide for mutual acceptance of bills of lading and other papers concerning cargo. According to Interline Director of S7 GROUP Dmitriy Pavlushin, passengers using S7 can now acquire tickets for any Singapore Airlines and TAP flights, and vice versa. Besides, they can use a single form to book and buy the ticket for any of the three carriers’ flights. S7 spokesperson also mentioned the upcoming special agreement with Singapore Airlines that will allow S7 passengers use special tariffs for

Gorno-Shakhtskiy and Irbinksiy subsidiaries of Evrazruda, Russian ore maker, located in Kemerov Region and Krasnoyarsk Region, respectively, have recently undergone working conditions certification procedure that lasted for 6 months. According to Evrazruda spokesperson, the company executives carried out the full examination and assessment of working conditions against the technical, technological, safety, and organizational standards. Some of the working places were found suitable, some of them only partly so; now the company is taking steps to improve the quality of the latter. Thus the

Stockholder meeting of Yekaterinburgskaya Electrosetevaya Kompaniya JSC (Electric Supply Network Company of Yekaterinburg) is to be held on June 13, 2006. The agenda includes six points: stockholders are to elect members of the company’s Board of Directors, the inspection commission and to approve of the company’s auditor. They also are to consider the questions of approving of the company’s annual report and annual accounting statements for the fiscal year 2005 as well as the questions of declaring dividends and of profit distribution. The company’s Board of Directors has recommended that

Within the first quarter of 2006, the net profit of Chelyabinsky Zincovy Zavod JSC (Zinc Works of Chelyabinsk) increased by 65.7% against the same figure for the previous quarter. According to the company’s press release, the increase is due to the escalation of zinc prices on the world market. The company’s net profit in the first quarter of 2006 has amounted to 344,550,000 RUR.

The stockholder meeting of Chelyabinsk-Lada JSC is to be held on May 25, 2006. The agenda contains approving of the financial results of 2005, profit distribution including the dividends declaration, determining the number of members of the company’s Board of Directors and approving of the company’s auditor. The stockholders will also address the question of the possible capital increase through placement of an additional stock issue, and the question of approving of a transaction the company is interested in completing.

Annual meeting of Chelyabinskiy Kuznechno-Pressoviy Zavod JSC (Forge-and-press Works) shareholders is going to take place on May 25, 2006. The shareholders will be acquainted with the results of the company’s financial activity in 2005; they will also have to decide on the profit distribution, elect the Board members, the inspection committee, and the company’s Auditor. Another issue concerns the amendments to the company’s Charter.

Annual meeting of Varnenskiy bread production complex shareholders is going to take place on May 18, 2006. The points on the agenda include assessment of the company’s financial success in 2005, electing the Board members, the inspection committee, and the company’s Auditor.

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.