Tube and Pipe Metallurgical Company announced the results of its financial activity in the six months of 2006 according to the international accounting standards. The auditing was carried out by Ernst and Young Ltd. The company sold 1,462,200 tons of tubes and pipes, including 482,800 seamless oil country tubular goods (OCTG), and produced 1,108,800 tons of steel. The company’s consolidated return came to $1,576.34m, the prime cost of the goods sold amounted to $1,076.82m, the gross profit reached the point of $499.52m, EBITDA margin came to 24.9%, the net profit to $229.05m, reports the

Russian Managers Association and Kommersant Publishers drew up their seventh 1000 Most Professional Managers List based on ‘the best choose the best’ principle. This year, the General Director of Ural Airlines Sergey Skuratov has hit the list once again, which is already becoming a tradition. Besides, the list includes Kirill Skuratov, who got on the 200 Most Professional Commercial Directors list, and Financial Director Elena Ichkurina, who hit the Top 200 list in her respective category. Ural Airlines have recently hit the World’s Top 200 Leading Carriers rating, published by Airline

The company produced 225,800 tons of coal in September 2006, which only falls short of the figures for September 2005 by .6%. This includes 65,600 tons of coal extracted at Kapitalnaya mine and 25,300 tons coming from Komsomolskaya mine. The daylighting operations resulted in 422,000 cubic meters of coal (which amounts to 73.9% of the figures for September 2005). The company’s miners developed 380 meters (78.8% of the figures for the year earlier). The company shipped 20.8% less coal to consumers – the figure only came to 247,500 tons, the company’s spokesperson said to UrBC representative.

A veterans’ meeting devoted to the upcoming Senior Citizen’s Day was held on the premises of Zinc Plant of Chelyabinsk on September 28, 2006. The Assembly Hall hosted some 300 retired people (who had been employed by the plant), and General Director Vsevolod Geihmann addressed the audience with a speech, covering the current state of events at the plant and sharing the company’s development plans. ‘The plant has always been proud of its pensioners, and it was largely due to them that the company managed to reach the production and economic levels it did. We have been supporting and will try

The reorganization of OGK-1 JSC (First Power Generating Company) was completed on October 2, 2006. As a result of the reorganization, the five joint-stock electric power stations integrated into First Generating Company became its branches. The first was State District Power Plant of Verkhny Tagil (it acquired the status of OGK-1 branch in the summer of 2005) On October 2, 2006 Tyumen Regional Department of Russian Federal Tax Service registered the discontinuance of operating of the join-stock power stations due to reorganization resulting in affiliation to another business. The shares of

Subdivisions of IES-Multiutilities Ltd, the heat energy supplier for 15 towns of Sverdlovsk Region, have received certificates of power equipment readiness for winter service. This event was reported by the company’s PR-department. The inspection board consisting of Sverdlovsk Power Utilities JSC, Regional Heat Power Supplier Company Ltd, Rostekhnadzor and local administrations representatives checked the equipment survivability, its ability to carry extra load during the heat deficit period as well as the personnel awareness of the safety measures and its emergency operation skills. To date,

The Federal Antimonopoly Service in Sverdlovsk Region found TechnoSila guilty of violating point 15 of the federal law on advertising. The company had launched an inadequate advertisement (buy one and get one free). Two natural persons who never got the presents they had been promised initiated the legal action against the company. The Service is currently considering the way of punishment. TechnoSila may experience anything between being prohibited to advertise and having to pay a fine.

On October 2, 2006, Ural Turbine Works CJSC (part of Renova Group) started the new turbine blades high-speed processing sector. The company management chose the specialized machines produced by Lichty, Shaublin and Koher of Switzerland as the main manufacturing equipment of the sector. The machines display high-level technology processing and have proved to be effective while employed by the world’s leading power equipment and turbine blade manufacturers. The introduction of the machines will result in speeding up the production of turbine blades of an innovative design, reducing the duration

The Board of Directors of United Machine Building Works considered and approved of the resignation of General Director Sergey Lipskiy due to expiration of contract on September 29, 2006. Deputy General Director and Director of OMZ-Atom division Evgeniy D. Sergeev was appointed acting GD. Mr Lipskiy joined the company in 2003 in the capacity of the Executive Director and was promoted to General Director in 2004. Under his supervision, the company’s top management was able to reorganize and improve the production process in 2004-2005; the works also decided on its main strategic programs,

ComEnergo, the local power supplier, has been certifying 24 of its subsidiaries located in Sverdlovsk Region, reports the spokesperson for IES-Multiutilities Ltd. The company used to have the certificates signed by the company’s leading technicians last year; this year, the readiness certificates must be signed by the mayor of the city or town where the subsidiary is located.

CHELINDBANK JSC and European Bank for Reconstruction and Development signed a 140m RUR credit agreement for the term of 7 years. The funds attracted by CHELINDBANK are to be invested in mortgage lending development. The agreement represents another step in active cooperation of EBRD and CHELINDBANK that began in 2002 within the framework of EBRD small business support program, said the spokesperson for CHELINDBANK to UrBC representative. ‘We hope that the signing of the agreement will open up the era of effective cooperation between our banks in the field of mortgage lending,’ said GD of

Two subsidiaries of ChelyabEnergo, the regional power supplier, (Chelyabinsk and Central Electrical Networks) were the first to obtain documents that certify their readiness for the coming winter season. A special commission, headed by the company’s top managers, had been checking the degree of preparedness of the subsidiaries in terms of how well they would operate in low temperature, how smoothly the dispatching could be performed, whether there were enough employees and supplies and so on for two weeks. The certificates awarded to the subsidiaries prove that they have fully met all the

‘The arrival of Auchan chain stores is an important event for the city of Yekaterinburg and a real challenge for local shops. The new rival will make many sellers reconsider their pricing and supplier policy and range of products; it will also affect the customers’ buying behavior,’ the Marketing and Advertising Director of Monetka Trade Center Alexei Gribanov said to UrBC representative. ‘No local retailer can boast of such a competitive advantage as being located on the premises of MEGA, a huge trade center. This factor is going to make Auchanan even more influential player on the market,’

‘The arrival of Auchan chain stores is an important event for the city of Yekaterinburg and a real challenge for local shops. The new rival will make many sellers reconsider their pricing and supplier policy and range of products; it will also affect the customers’ buying behavior,’ the Marketing and Advertising Director of Monetka Trade Center Alexei Gribanov said to UrBC representative. ‘No local retailer can boast of such a competitive advantage as being located on the premises of MEGA, a huge trade center. This factor is going to make Auchanan even more influential player on the market,’

‘The arrival of Auchan chain stores is an important event for the city of Yekaterinburg and a real challenge for local shops. The new rival will make many sellers reconsider their pricing and supplier policy and range of products; it will also affect the customers’ buying behavior,’ the Marketing and Advertising Director of Monetka Trade Center Alexei Gribanov said to UrBC representative. ‘No local retailer can boast of such a competitive advantage as being located on the premises of MEGA, a huge trade center. This factor is going to make Auchanan even more influential player on the market,’

Three representatives of Uralmashzavod got on the best managers list compiled by Kommersant Publishers. The company’s Director of Economy and Finances Elena Abysova, Personnel Director Mikhail Stolovitskiy, and General Director Boris Vasilyev hit the Top 1000 Financial Directors rating in their respective categories.

Three representatives of Uralmashzavod got on the best managers list compiled by Kommersant Publishers. The company’s Director of Economy and Finances Elena Abysova, Personnel Director Mikhail Stolovitskiy, and General Director Boris Vasilyev hit the Top 1000 Financial Directors rating in their respective categories.

Three representatives of Uralmashzavod got on the best managers list compiled by Kommersant Publishers. The company’s Director of Economy and Finances Elena Abysova, Personnel Director Mikhail Stolovitskiy, and General Director Boris Vasilyev hit the Top 1000 Financial Directors rating in their respective categories.

The gross margin of UralmashSpetstal Ltd. (part of United Machine Building Works OMZ Spetsstal) increased by 3.4 times in January-June 2006 and reached the point of 214.6m RUR. This was due to 18% production growth and reducing the company’s outgoings. For example, the plant managed to halve its scrap metal consumption through improving their record-keeping and keeping track of the way burden material was used. The profit thus obtained will be used for upgrading the production process via putting up a modern differential thermal processing facility for rolls in 2007, buying two Skoda

The gross margin of UralmashSpetstal Ltd. (part of United Machine Building Works OMZ Spetsstal) increased by 3.4 times in January-June 2006 and reached the point of 214.6m RUR. This was due to 18% production growth and reducing the company’s outgoings. For example, the plant managed to halve its scrap metal consumption through improving their record-keeping and keeping track of the way burden material was used. The profit thus obtained will be used for upgrading the production process via putting up a modern differential thermal processing facility for rolls in 2007, buying two Skoda