The world’s second-biggest aluminum producer, Rusal, said on Thursday that its production grew by 1.3 percent in 2018 year-on-year to 3.753 million tons, Investing.com Russia reported.
In the fourth quarter of 2018, the company's aluminum production increased in comparison with the third quarter by 0.4 percent to 943,000 tons, Rusal...
The Association of Furniture and Woodworking Industry of Russia (AMEDORO) has asked the government to renew the ban on the purchase of foreign furniture for state and municipal needs, TASS reports.
Russian entrepreneurs may lose 10 billion rubles only in this year, the industry group said.
"The Association of Furniture and Woodworking...
VTB Group, Russia’s second-biggest bank, has agreed with Kyrgyz mining company Alliance Altyn Group to finance a gold mining project in the Central Asian country worth $180 million, VTB’s CEO Andrei Kostin told reporters on Thursday, according to TASS.
"We are signing an agreement with Alliance Altyn, a subsidiary...
The coup d'état in Guinea remains the main theme in the industrial metals market, as this West African state is the world's largest supplier of bauxite, without which aluminum production is impossible, Russian media reported.
At the same time, China, as part of improving the environmental situation, closed a number...
Despite recent assurances by Turkish president Recep Tayyip Erdogan that Washington will not carry out threats to sanction his country over a deal to buy the Russian S-400 missile system, the Trump administration still plans to impose the punitive measures, Reuters reports.
Washington earlier announced it will remove Turkey, a...
Russian industrial hemp producer, Smart Hemp, wants to expand production to a dozen regions at home as demand for textiles made from the plant grows in China and elsewhere, boosting prospects for a possible future listing, its founder said.
Hemp, part of the cannabis species and in the same family...
Russian largest steel company Severstal increased its crude steel output by 3% in 2018 compared with 2017, to 12.04 million mt, the company said in its statement on operational results last week.
Higher crude steel production was explained by better production efficiency following the launch of ladle furnace no. 2...
Russian carmaker Gaz is saying the company will fall into bankruptcy if the U.S. does not abandon plans for sanctions beginning next month, Automotive Logistics writes.
Gaz Group’s owner, Oleg Deripaska, who himself is already on Washington’s sanctions list, warned that July 4, when the existing sanctions are due to...
Sales of Russia’s luxury limousine Aurus in the European market have been excellent and suppliers of the brand are provided with clients there for the next 3-4 years, Russia’s Industry and Trade Minister Denis Manturov said in an interview for Rossiya-24 TV news channel on Thursday.
European dealers have shown...
French industrial gasses company Air Liquide and Russian steel and mining company Severstal have signed a new long-term contract for the supply of oxygen, nitrogen and argon in Cherepovets, Russia, Gas World reported.
Air Liquide will invest around $55 million in the construction of a state-of-the-art Air Separation Unit...
