The Board of Directors of Uralmashzavod JSC, a machine-building plant, decided to hold the general meeting on June 24, 2006. The points on the agenda include confirmation of the annual report, the accounting report, including the P & L statement, and profit and loss distribution for 2005. The shareholders will also have to elect the company’s Auditor, the Board Members, and the inspection committee, as well as approve of the amendments to the company’s Charter. The list of attendees was complied according to the state of events as of May 5, 2006. The Board also stated that given the

The general shareholder meeting was held by Magnesite Industrial Complex JSC (part of Magnesite Group) on April 29, 2006. The shareholders approved of the annual report, the accounting report, including the P & L statement, and settled the issue of P & L distribution. It was decided that the company should pass a dividend for 2005 and invest the undistributed net profit into the investment and social programs as well as in enlargement of circulating assets. The shareholders elected Audit Classic JSC as their Auditor for 2006. The Board meeting held on the same day resulted in electing

Ural Airlines JSC summed up its achievements in the first quarter of 2006. According to the company’s spokesperson, the passenger turnover has come to 367, 557,000 passenger/kilometers, which is an increase of 19% against a year earlier. 153,098 (18% more) people have used the airline since the beginning of the year, with the ratio of occupied seats coming to 67.5%. The carrier has performed a total of 1,759 flights, of which 1,343 were within Russia, 129 flights were to the countries of the NIS, and 286 were international ones. In the summer, the maximum daily number of flights is predicted

Yuzhnouralsky Armaturno-Izolyatorny Zavod JSC (Reinforcement and insulator producer of Yuzhnouralsk) has resumed its grinding bodies production using advance payments of prospective buyers. The amounts of sales and production has been determined until the end of year, with monthly deadlines. Porcelain works of Bugulma and Bogdanovitch should be the main buyers of uralite produced at the plant. The contracts have already been signed. Having shipped their orders, the porcelain insulator production management is going to take orders from other clients as well, as there are some applications

Chelyabinsk Trade Center JSC to hold annual meeting on May 23, 2006. The points on the agenda include confirmation of the annual report, the accounting report, including the P & L statement, and profit and loss distribution for 2005, and the issue of dividend. The shareholders will also have to elect the company’s Auditor, the Board Members, and the inspection committee.

The general shareholder meeting held by Snezhinkskiy Bank JSC on April 21, 2006 was adjourned with the decision to distribute 25,000,153.75 RUR worth of profits according to the 1.25 RUR-per-registered paperless share scheme. Besides, in accordance with the recommendations of the Supervisory Board the net profit is to be split as follows: 1,225,000 RUR is to go to the Special Purpose Fund, 200,000 to Production and Social Development Fund, 50,603,280 to Savings Fund. The shareholders also agreed on the annual report, the accounting report, including the P & L distribution for 2005, the

Throughout January to March 2006, Chelyabinskiy Tsinkoviy Zavod JSC, zinc plant of Chelyabinsk, produced 34,763 tons of zinc and zinc-based alloys, which exceeds the figures for the first quarter of 2005 (27,361 tons) by 27%. The sales amounted to 2.139m RUR, which is 147% better than a year earlier (865m). 69% of produce was distributed on the home market. The company’s production plan for 2006 provides for the output of 150,000 tons of zinc and alloys, the company’s spokesperson said to UrBC representative.

This year’s first meeting of the local environmental club members comprising representatives of some social groups took place in Nizhniy Tagil. One of the points on the agenda was discussing the renovation plan proposed by Metallurgical Industrial Complex of Nizhniy Tagil JSC (part of Evraz Group). According to the director of coke-chemical production of the Complex Nikita Berkutov, starting this year, all of the new projects meet the environmental provisos. Thus, the No. 5 cokery currently under construction includes the unit providing for dust-free delivery of coke; the new slaking units

Mechel JSC announced its acquisition of 100% share in VtorResource Ltd., a Chelyabinsk secondary metal reprocessing firm. The acquisition was made through Mechel-Service Ltd., Mechel’s subsidiary. VtorResource Ltd. carries out the full operating cycle of secondary metal collecting and reprocessing works. Its acquisition price is about $6m. According to Mechel PR-department, the consolidation of VtorResource Ltd. into Mechel holding is directed at reducing dependency of Chelyabinsk integrated metallurgical complex and Izhstal works on the secondary metal market supply. In 2005, VtorResource

Before the end of the year, People’s Republic of China will set up Consulate-General in Yekaterinburg. The issue was discussed at the meeting of 2 would-be consulate executives with Sverdlovsk Region Minister of International and Foreign Economic Relations Viktor Koksharov on April 28. According to the Ministry’s spokesperson, this should further promote the Ural-Chinese cooperation (China’s turnover of goods in Sverdlovsk Region reached the point of $459.5m in 2005).

The annual shareholder meeting held by UglemetBank JSC on April 24, 2006 resulted in the decision to pass a dividend for 2005. Of these undistributed profits, 500,000 RUR will be given to General Director Fund, 200,000 RUR to the Board of Directors Fund, and 600,000 RUR to Social Development Fund. The shareholders approved of the annual report for 2005 and of the accounting report, including the P & L statement. The following Board Members were elected: Konstantin Panfilov, Dmitriy Konstantinov, Tatiana Polosina, Alexander Ovchinnikov, Vyacheslav Fedotov, Alexei Vorobyov, Ryana Doronina.

An overhaul of the ball crusher No. 2 was carried out at the wet magnetic concentration division of Vysokogorsky ore mining and processing enterprise, member of Evraz Group. The ball crusher is the company’s primary equipment that stands the heaviest duty during the ore processing. According to the company’s PR-department, the first section of the enterprise was shut down for five days. The concentrate was produced at the second section only. During the overhaul, the ball crusher seating was underpinned, its row pinion, gear shaft, discharge tables, and a number of other parts were replaced.

On April 28, 2006, Tube Works of Sinara (Sinarsky Trubny Zavod JSC, member of Tube Metallurgical Company, Trubnaya Metallurgicheskaya Kompaniya JSC) put into operation the new press upsetting oil country tubular goods. According to the company’s PR-department, the press was designed by the SMS Meer, a German mechanical engineering firm, and was constructed on the company’s special demand, with a regard to the modern operational requirements. The installation of the press has been scheduled within a modernization investments program of Tube Metallurgical Company. The press is to increase its

On April 27, 2006, Turkish Airlines launched the scheduled flights from Yekaterinburg to Istanbul. A-320 aircrafts of the company are to fly to Istanbul twice a week on Mondays and Thursdays. The first Yekaterinburg flight of Turkish Airlines took only 7 passengers, the spokesperson for Koltsovo airport of Yekaterinburg said to UrBC representative. ‘Turkish Airlines launched their flights almost without advertising them. We expect the subsequent flights to be used by Yekaterinburg passengers at their full capacity,’ indicated Yulia Fedotova, the PR-Director of Koltsovo Airport JSC.

Mechanical works of Chelyabinsk will hold the annual stockholder meeting on May 25, 2006. The points on the agenda include confirmation of the annual report, P & L distribution, the dividend issue. The shareholders will also have to elect the Board of Directors, the cast of the inspection committee, and the company’s Auditor.

Severskiy Trubniy Zavod JSC, tube works of Seversk, Sverdlovsk Region, has decided to stop using the blooming mill meant for sheet products and rolled section billets. The mill, which has been operating for over 60 years, will soon be replaced with a modern arc furnace, reports the company’s spokesperson. The strategic investment program of Trubnaya Metallicheskaya Kompaniya, owner of the works, is going to be on until 2010 and provides for the launch of a continuous casting unit and a piercing mill in the end of 2006 and of an electric furnace in the end of 2007. The blooming mill was

In the first three months of 2006, Uralsevergas CJSC (associated operator of ITERA in Sverdlovsk Region) has supplied the region with 6.065bn cubic meters of natural gas, which exceeds the figures for the corresponding period of 2005 by 4.84%, reports the company’s spokesperson. The company manages to fully cover the region’s industrial and social needs. The supplies are currently being performed under the Cooperation Agreement for 2004-2008 signed by Sverdlovsk Region Government and ITERA. The average annual amount of gas supply by Uralsevergas went up from 15.3bn cubic meters in 1999 to

MMK-Metiz JSC, a calibrating metal products producer, has recently held the annual shareholder meeting. In 2005, the company produced 206.3 tons of goods (10% of Russia’s total output). 17.2% of produce was exported, of which 71% was made up by wire. The shareholders confirmed the annual report, P & L distribution, and decided to pass a dividend. The shareholders also elected the Board of Directors, the cast of the inspection committee, and Universe Audit as the company’s Auditor, the company’s spokesperson said to UrBC representative. The following Board members were elected: Rafkat

Yekaterinburg is not going to get a new subway station until 2009, says director of MetroStroy Yuriy Dosorets. ‘The reason for such procrastinated construction is the lack of subsidies. We’ve been given 450m RUR, of which 20% was allotted by the federal budget and 80% by the local authorities. But, in order to introduce new stations every three or four years, we need at least 1-2bn RUR,’ Mr Dosorets said.

Russian Chrome 1915 CJSC assessed its success in the first quarter of 2006: their total output came to over 18,000 tons, which is 6.5% better than a year before. The company produced 29.2% more of potassium dichromate, 5.9% more of sodium dichromate, and 7.8% more of chrome oxide yet less chrome tanning agent and salt cake than had been planned. Profits grew by 55.6%.