Russian steelmaker Severstal, controlled by billionaire Alexey Mordashov, has invested in Arcanum Alloys, a Michigan-headquartered company that develops new steel-based alloys, Reuters reports.
Despite exporting some steel products, Russia has to rely on imports of stainless steel to cover the bulk of its domestic needs of about 370,000 tonn worth...
India is in talks with Russia to jointly manufacture the very powerful S-400 air defense missile system, Sergey Chemezov, the head of Russia’s state tech conglomerate Rostec, told Russian RBC in an interview.
The development will likely further antagonize the United States, which has repeatedly threatened strong sanctions on India...
In a bid to serve the growing food, retail and manufacturing sectors in Russia’s Rostov-on-Don, France-based logistics company FM Logistic has opened a 35,000 sqm warehouse in the region, The Load Star reports.
According to the company, the new facility will bring about 200 jobs to the Aksai district of...
Russia is emerging with relevant technologies and strategies and is ramping up its production of automated and driverless vehicles, recent research conducted by data and analytics firm GlobalData reveals, according to ESI Africa.
“According to GlobalData forecasts, Society of Automotive Engineering (SAE) Level 3 and Level 4 automated light vehicles...
As growth in the Eurozone is slowing down, Turkey's machinery sector is focusing on the U.S. and Russian markets, the head of the country’s Machinery Exporters’ Association (MAIB) has said, according to Anadolu Agency.
Companies from this sector exported machinery worth $11.6 billion in the first eight months of this...
Sales of car and light commercial vehicle (LCV) in Russia declined 1.3% year-on-year to 145,545 units in August, pulling sales for the first eight months of 2019 down by 2.3% to 1.1 million, Autostat reports citing data from the Association of European Businesses (AEB).
According to VTB Capital, the market...
One of the world’s biggest diamond mining companies, Russia’s Alrosa, has contacted several global retailers about jointly marketing the miner’s jewelry brand that uses fluorescent diamonds, Reuters reports.
The move comes as diamond miners are seeking new approaches to battle falling demand and competition from lab-produced diamonds manufactured in laboratories.
“We...
A Moscow court on Friday issued an international arrest warrant for the founder of Russian car dealership Rolf, Sergey Petrov, who is charged with funneling 4 billion rubles ($61 million) abroad, Meduza reports.
"The court ruled to grant the investigation’s request and elect the pre-trial restriction as the custodial restraint...
Severstal has acquired licenses for two sites adjacent to its Vorgashorskaya mine, therefore extending the life of one of its six coking coal mining assets by five years, from 2024 to at least 2029, S&P Global Platts reported on Thursday.
A spokeswoman for the Russian mining and steel company said...
China’s General Administration of Customs said on Thursday that it has allowed imports of soybean meal, rapeseed meal, sunflower meal and sugar beet pulp from Russia, Reuters reported.
Exporters of these animal feed ingredients must be inspected and approved by Russian authorities and also registered with the Chinese regulator, the...
