The auction aimed at the sale of 25.5% of Goginskaya corn reserve shares was declared invalid in view of the absence of applications, reports Chelyabinsk subsidiary of Russian Federal Property Fund. The total amount of shares was 4397 with face value of 1 RUR per share. The opening bid was 10.9m RUR. The price floor was 5.45m RUR.

In 2005, the investments of Yuzhnouralskiy Armaturno-Izolyatorniy Zavod JSC (South Ural Reinforcing Insulator Works) into production base and launch of new goods amounted to 16.4m RUR. Over 6m were saved up due to the more effective production and purchases policy; the social expenses came to 8.672m. The company paid 115.3m in taxes, and profits reached the point of 609.850 RUR (1.6% better than a year earlier). The shipments for Russia went up by 34%, foreign export increased by over 10%. In 2006, the company is going to raise profits by 35% and invest over 100m RUR into the company’s

Ariant Agricultural Enterprise sold its 14.73% share holding to Chelyabinsk Electrometallurgical Industrial Complex on March 31, 2006, reports the official announcement.

VSMPO-Avisma Corporation JSC has gone through the tax inspection that had been on from November 21, 2005 to March 17, 2006. The tax inspectorate specialists had been examining the company’s activity for the period of January 1, 2003 to December 31, 2004. ‘To make the examination possible, we had to produce the P % L tax registers as well as all the other accounting documents. Our book-keeping, the profits tax, VAT, the single social tax, property tax payments, transport tax, water use tax, imputed earnings tax, local taxes, the sales tax (cancelled on January 1, 2004), tax on profits coming

Metallurgical Industrial Complex of Nizhniy Tagil (part of Evraz Group) introduces the new system of information management of technical servicing and equipment maintenance. According to their spokesperson, the system provides for the coordinated functioning of all corresponding services; it’ll have on file all the data concerning the equipment repairs, its quality, the work of storage facilities, and budget design. Having everything in a single database will ensure production of the planned amount of high quality goods with increasingly fewer expenses. This program is based on the current

Mountain-skiing centers of Sverdlovsk Region are about to usher out the season for 2005/2006. ‘The mountain-skiing complex of Gora Yezhovaya is down since April 1, 2006. The weather conditions hinder us from further activity, and getting by with artificial snow is not advantageous. What is more, the demand for our services has gone down to nearly a zero,’ Deputy Director of Gora Yezhovaya complex Alexei Khvostov said to UrBC representative. Meanwhile, Yezhovaya is summing up its success in the last skiing season. ‘Any definite conclusion concerning profitability of the season would be

On April 2, 2006, a hunter of Sukholozhsky wildlife service mortally wounded Mr Ryabtsev, Director of Sukholozhcktsement JSC (cement works of Sukhoy Log). The incident occurred because of the hunter’s casual handling of fire-arms. The Public Prosecutor of Sukhoy Log charged the offender with Reckless Homicide (Article (Part 1) of the Russian Criminal Code). ‘By now, we have established that at 4.30 p.m. on April 2, 2006, 8 kilometers away from Kuryi village, the suspect, being in a state of intoxication, mortally wounded the victim by a casual shot from his state-registered 7.62-mm caliber

ChelyabEnergo JSC is getting ready for the upcoming flood and thunderstorms, the company’s spokesperson said to UrBC representative. The company’s employees are examing the equipment, particularly transmission facilities and substations; the supports are being further fortified, new emergency power supply schemes have already been developed. The emergency and repairs staff are given additional training, and the 24-hour emergency service has been made available. The company ahs also issued the decree stating all the regulations for the troublesome period to ensure more safety. The company has

In 2006, EuroCement will invest over 70m RUR into its Katav Cement Works (2 more million RUR than in 2005). This should allow the works to increase their output up to 1.25m tons in 2006 and 1.4m in 2007, the spokesperson for EuroCement said to UrBC representative.

Chelyabinskoblgas JSC is going to hold the annual meeting of shareholders on April 26, 2006. The points on the agenda include confirmation of the company’s financial activity in 2005, P & L distribution as well as allotment of dividends. The shareholders will also have to elect the Board members and the inspection committee as well as the Auditor.

MMK JSC, metallurgical industrial complex of Magnitogorsk, grouped with Al-Tuwairqi and Arif Habib Group to take part in an auction and buy 75% share holding of Pakistan Steel Mills Corporation that is currently being privatized by the Pakistani Government. The auction was held in Islamabad, Pakistan, on AMrch 31, 2006. The second participant was the consortium headed by Noor Financial Investment Company. According to the spokesperson for MMK, their consortium’s bid was the highest ($ 361.8m), so now the Government of Pakistan is to send them a letter of acceptance within 30 days. MMK’s

South Ural Bank of Social Development Reserve JSC decided not to give out the dividends for 2005 in the course of the annual meeting on March 24, 2006. The participating shareholders were the ones having a total of 6,841,199 of voting shares that constitute 97.73% of the total amount needed for a quorum. The shareholders were presented with the report of the Chairman summing up the company’s success in 2005; they had to confirm the annual report and the annual bookkeeper's record, including the P & L statement for 2005. The company’s net profit, for instance, came to 996,053.49 RUR

Stankomash JSC is to hold a general shareholder meeting on April 27, 2006. The points on the agenda include confirmation of the annual bookkeeper's record, profit distribution, dividends, and amendments to the company’s Charter. The shareholders will also have to elect the Board members and the inspection committee as well as the Auditor.

Chelyabcokschimremont JSC, a coke dealer, was partially put up to auction. For sale are the incomplete industrial areas (1245, 376.2, and 2192 square meters). The opening bids are 1.520m, 497.200, and 2.741m RUR, respectively. The auction will take place on May 5, 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

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

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

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

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

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