03 April 200609:30

Annual stockholders meeting of Uralmetallurgmontazh-2 JSC to be held on April 25, 2006

Board of Directors of Uralmetallurgmontazh-2 JSC came up with the decision to hold the annual stockholders meeting on April 25, 2006. The list of stockholders eligible for the meeting is composed according to the situation as of March 25, 2006. The meeting agenda contains confirmation of annual report and accounting statements including P&L account for 2005. The meeting will also consider the question of distribution of profits and losses according to the results of the fiscal year and the announcement of dividend rates. The shareholders will also elect members of Returning and
03 April 200609:28

Chelyabinskgorgaz JSC to invest 1m RUR in operational safety protection of its gas-supply systems

To increase the protection efficiency of the company’s working area, Chelyabinskgorgaz installs video surveillance system, primarily intended for the territories that contain gas dangerous objects including boilers and LPG-containers. Today 16 video cameras assist the company’s security office personnel in their visual observation of the central company’s storehouse that occupies more than 2.8 hectares. The cameras are highly sensitive and yield clear-cut images in the dark. On the entrance checkpoint, an electronic access control system is installed. Video surveillance is also implemented at
03 April 200609:26

Katav Cement JSC completes balancing and commissioning of 3 cement-loading units

EuroCement Group is through with its investments project worth 16.7m RUR carried out at Katav Cement JSC. The balancing and commissioning of 3 cement-loading units have already been completed, and the new packing department producing cement packs of 50 kilograms has started to operate. According to the spokesperson for EuroCement Group, the new equipment is going to enable the company to ship three different kinds of torque cement onto the railroad cars and automobiles simultaneously, excluding any product loss, and provide for the maximum automation of the process due to special Parus system
03 April 200609:24

Machine-Building Works of Zlatoust Production Association to launch their first go-anywhere SHUTTLE today

Machine-Building Works of Zlatoust Production Association is going to launch their first go-anywhere SHUTTLE today, PROMASS spokesperson said to UrBC representative. This new type of product is produced with the support of Ural Automobile Company Ltd. and Chelyabinsk Region Association PROMASS (including President, State Duma member Valeriy Panov). The car is based on TOYOTA Land Cruiser Prado. The Ural version has Mitsubishi engine, Toyota 4 Runner transmission, and Bosch fuel system. All cars will be produced as 4x4 all-wheel drive. The first models should cost approximately $22,000. The
03 April 200609:22

Mechel to float 10bn RUR bonded debt

The Board of Directors of Mechel JSC decided to float the third and the second issues of documentary interest bearing unconvertible bonds with a par value 1,000 RUR, each issue worth 5bn RUR via Moscow Interbank Currency Exchange (MMVB Stock Exchange). The money thus obtained would be used to cover the debts of the previous bond issue and for the long-term investments. The price of the second bond issue is set at 100% of the face value; they are valid for 7 years and provide for the retirement of bonds at face value. Coupons are given out every six months, with the first coupon rate of
03 April 200609:20

Ferroalloy Works of Klyuchevsk JSC and Russian Chrome 1915 CJSC meet to discuss April agenda

Ferroalloy Works of Klyuchevsk JSC and Russian Chrome 1915 CJSC met to discuss April agenda on March 27, 2006. The issued discussed included settling the finance and production plan for April and the prime cost analysis carried out by Chairman of Ferroalloy Works of Klyuchevsk Sergey Gilvarg. According to the spokespersons, the meeting also resulted in settling the issue of the necessary technical re-equipment of Russian Chrome; the correspondent sums should be included in the annual budget. This issue was earlier discussed at a meeting held on March 14, 2006, where the executives of Italian
03 April 200609:18

Four Chelyabinsk Region colleges enter the Russian top 100

Kommersant-Dengi magazine has recently published the Russian top 100 (in terms of job prospects) colleges. The rating is lead by Moscow colleges, namely, Moscow State Technical University named after N.E. Bauman, Moscow State University, Russian Federation Government Finance Academy. Four Chelyabinsk Region colleges were on this list, with Magnitogorsk State Technical University getting the 39th place, Chelyabinsk State University of Agricultural Engineering getting the 82nd place, South Ural State University and Chelyabinsk State University somewhere between the 90th and 100th positions. The
03 April 200609:16

TGK-10 prepares to invest 1.495bn RUR in Chelyabinsk heat supply system

TGK-10 prepared an investments program for Chelyabinsk heat supply system, the company’s GD Andrey Shishkin announced at the press conference. According to Mr Shishkin, the heat demand growth variation for the last few years (50 to 60 gigacalories a year) and the development indicators of the local housing program have allowed to identify the heat capacity growth for 2006-2010 as 655 gigacalories. At the moment, the heat is distributed unevenly throughout the city. The company’s employees, having done the hydraulic calculations on the redistribution scheme that would ensure reliable heating
31 March 200611:00

Metallurgical Industrial Complex of Nizhniy Tagil starts furnace foundation

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) startsed to lay the furnace foundation in one of its shops. ‘At the moment, the work is in the excavation state; the furnace foundation is also being laid. This new apparatus for wheel billet heating will be used as part of the press-rolling line built at the Complex in December 2004. The new heating system will be fully automated, quick and less energy-consuming, which will surely enhance the quality of the billets,’ the company’s spokesperson reports. The construction of the furnace is part of the general wagon wheel
31 March 200610:58

Open-cast mine of Kachkanar receives new ECG № 10 excavator

The main open-cast mine of Vanadium JSC, ore mining and processing enterprise of Kachkanar, put into operation the new ten-cube-capable ECG № 10 excavator produced by United Machine Building Works and electric machine works of Karpinsk. According to the company’s spokesperson, this is the first apparatus received since the beginning of the year. It is going to take about three months to assemble. ‘The company’s management is thinking of gradual replacement of the mining equipment with the more updated versions, like this replacement of 8-cube excavators with the more powerful ones,’ the
31 March 200610:54

Metallurgical Industrial Complex of Nizhniy Tagil experiments with replacing furnace feedstock

Metallurgical Industrial Complex of Nizhniy Tagil has been experimenting with replacing the blast furnace feedstock. ‘The furnace charge used to contain the produce of 3 ore mining and processing enterprises, namely, those of Mikhailovsk, Kachkanar, and Vysokogorskiy – the last two members of Evraz Group like ourselves. We decided in November 2005 that we would stop buying from external sources and fully switch to Evraz suppliers, which would allow to reduce delivery costs and raise the number of orders we receive,’ the company’s spokesperson said. The produce of Kachkanar is rich in vanadium
31 March 200610:48

Uvelsky Veterinary and Sanitary Utilization Plant enters Chelyabinsk Regional Privatization Plan for 2006

Chelyabinsk Region Ministry of Agriculture does not decline its responsibility for the state of events at Uvelsky Veterinary and Sanitary Utilization Plant State Unitary Enterprise. In settling the money issues, the Ministry acts according to the earlier negotiated contracts between the plant, the profile ministry subcorporation and the Regional Government. The ministry worked out a new regime of financial interaction with the plant. These claims were made by PR-department of Chelyabinsk Region Ministry of Agriculture. The plant also entered Chelyabinsk Regional Privatization Plan for 2006
31 March 200610:46

Metallurgical Integrated Complex of Chelyabinsk starts reconstruction of hot rolling mill 300-2

Chelyabinsky Metallurgichesky Kombinat JSC (Metallurgical Integrated Complex of Chelyabinsk/ChMK, member of Mechel JSC) starts reconstruction of hot rolling mill 300-2, PR-department of ChMK reported to UrBC representative. It is a medium-section mill whose rated annual capacity is 300,000 tons. The reconstruction is carried out in accordance with Mechel investments program. It is expected to raise ChMK rolling capacities for producing plain rebar and ribbed bar and to extend the range of the products manufactured in compliance with international standards DIN-EN, ASTM, BS. ChMK intends to
30 March 200608:30

Power generating companies of Chelyabinsk and Tyumen produced 3 277.6m kilowatt-hours in January and February 2006

Power generating companies of Chelyabinsk and Tyumen (members of TGK-10) produced 3 277.6m kilowatt-hours in January and February 2006, which is 243.5m kilowatt-hours (8%) more than had been planned. The release of electricity came to 2.944m kilowatt-hours (2 154.4m greater than usual), the General Director of TGK-10 Andrey Shishkin announced at today’s press conference. Mr Shishkin said that the company had produced 6,582,100 gigacalories of heat enerrgy, which exceeds the Russian Federal Tariff Service plan by 892,600 gigacalories, or 15.7%, in the first two months of 2006. The release of
30 March 200608:28

Metallurgical Industrial Complex of Nizhniy Tagil develops a project for reclaiming soil affected by refractory production dumps

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) has been developing a project for reclaiming soil affected by refractory production dumps. The production has been maintained in the city since March 1934 when the first block of furnaces for scorching refractory goods was set up. Since then, the plant has grown to become a large enterprise with the annual output of over 200,000 tons of refractory, fire clay, and magnesia goods as well as unmolded mixtures. The refractory production dump had been located and used in the vicinity of the plant for a long time, which