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...
The 2018 core earnings of Russian steel and coal producer Mechel dropped 7 percent versus the previous year, with lower sales in the mining division only partly offset by higher coal prices, Reuters reported citing company data.
The 2018 earnings before interest, taxation, depreciation, and amortization (EBITDA) were at 75.67...
Vehicle imports to Russia dropped in February by 3.6% year-on-year after 22 months of steady growth, Automotive Logistics reported citing data by the Association of European Businesses (AEB). Analysts say the population's lower incomes and weakening purchasing power are among the reasons for the drop in imports.
In 2018, the...
Global palladium prices set a new record high on Friday on worries of a supply deficit, as the market was shaken by news that Russia may ban exports of precious metal scraps, along with expectations that China's economic stimulus would drive demand for the auto catalyst metal, Reuters reports.
Spot...
German carmaker Opel will restart its local production in Russia after a four-year absence by making three models available at Russian dealerships in the fourth quarter of 2019, the company said in a statement.
Opel’s owner, French group PSA owns a plant in the western Russian city of Kaluga, where...
A planned water bottling plant on the shores of Russia’s Lake Baikal will be audited by authorities, Russia's Prime Minister Dmitry Medvedev vowed Tuesday, according to NTV.
Local residents in the Siberian village of Kultuk were angered by reports of the construction of the bottling plant, with more than...
Sales of new passenger cars and light commercial vehicles (LCVs) in Russia fell for the first time in nearly two years last month as the effects of a 2% increase in VAT are affecting prices, Vedomosti reports.
The market lost 3.6% in February or by 4,771 sold units and amounted 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...
U.S. carmaker Ford Motor Co could close two plants in Russia as part of its global plan to restructure operations in unprofitable regions, Reuters reported citing three industry sources.
In case the company decides to close the plants, Ford would probably produce only light commercial vehicles in Russia, two of...
Russian steelmaker Novolipetsk Steel (NLMK) announced on Monday a new five-year plan to increase core earnings by $1.25 billion annually and revised its dividend policy, the company’s President Grigory Fedorishin told Vedomosti in an interview.
The Lipetsk-located NLMK, controlled by billionaire Vladimir Lisin, said its 2022 strategy also aims...
