The fifth largest steel pipe producer in the world in terms of volume, Russia’s ChelPipe, is growing steadily and is considering an initial public offering (IPO), the company’s chief financial officer (CFO) Valery Borisov told bneIntelliNews in an interview.
“Our market share in Russia was 49% in 2019 in seamless...
Russian steel pipe producer Chelpipe is focusing on increasing exports and investing in high-value added projects amid a competitive domestic market, its chief executive officer said in an interview with Reuters.
The company, controlled by businessman Andrei Komarov, has hired banks to organize a potential share offering n Moscow this year,...
The volume of rail freight transportation between Russia and Azerbaijan amounted to 6,240 tons in 2019, while in 2018 and 2017 this indicator was 4,744 tons and 4,774 tons, respectively, the chairman of Azerbaijan Railways has said, according to AzerNews.
According to Javid Gurbanov, this type of transportation increased by 31.5 percent...
Sheremetyevo International Airport has summed up the results of cargo production activity for 2019. The total volume of cargo handled at the airport amounted to over 329,000 t, and mail, 49,500 t. The volume of freight traffic in 2019 grew by 6.9%, and the volume of mail handled grew...
German transport company Siemens Mobility Services has announced it will be acquiring two additional StratasysFortus 450mc 3D printers to expand part production for the Russian rail industry, the Associated Press reports.
To date, the transport company has successfully adopted Stratasys’ technology for the production of rail parts for Germany and...
One of the biggest players in Russia’s ride-sharing market, French startup BlaBlaCar, has stopped offering its services in the annexed peninsula of Crimea, for fear of being caught up in EU sanctions against firms operating there, Interfax reported.
The service, which connects drivers with spare seats with travellers looking to...
India and Russia will use the International North-South Transport Corridor for movement of goods, reducing transport time by half, The Indian Express reports.
Within three months, exporters and importers from India and Russia can move goods between the two countries through Iran, said Concor CMD V Kalyana Rama on Tuesday...
After officially opening its brand new Terminal C1 last month, Sheremetyevo Airport’s next terminal will be built no earlier than 2026. The airport plans to increase the capacity up to 100 million passengers with its long-term development strategy, the Chairman of the Board of Directors of JSC SIA, Alexander Ponomarenko,...
Works have begun on the construction of a new highway in the Russian republic of Bashkortostan, with Turkish company Limak undertaking the $538 million project together with local construction firm Marashstroy, RBC reported.
The Ufa Eastern Output, a link between Russia’s M5 and M7 federal highways, will start the projects defined...
A new high-speed railway between Moscow and Helsinki, allowing trains to travel the distance in six hours, is being considered by the Finnish government, RBC reported this week.
Ville Skinnari, Minister for Development and Foreign Trade of Finland, has recently visited Moscow and discussed the prospect of such an initiative at...
