Monday, August 19, 2019
Russia's Rusal, the world’s second-largest aluminum producer, expects that global demand for aluminum will grow by 2% to 67.5 million tons this year, the company said in its report released at the Hong Kong Stock Exchange on Friday. "We expect global demand for primary aluminum to grow by 2% year-on-year...
Russian mining and steel company Evraz has reached an agreement to sell its wholly-owned subsidiary Evraz Stratcor Inc., based in Arkansas, to a third party in July 2019, TASS reported citing the company’s 1H financial report released on Thursday. "The group expects that the sale of this subsidiary will not...
Russian air carriers will need about 300 aircraft with a seating capacity of 30 to 110 passengers and nearly 500 planes that would seat less than 30 passengers within the next 20 years, Russia’s state tech corporation Rostec told Izvestia. "Although regional aviation is not the largest segment in Russia...
Starting August 1, AvtoVAZ is raising prices for the entire Lada model range by almost 1%, TASS informed. “Yes, it is true. The adjustment is not related to suppliers. Prices are increased by exactly 0.9%,” AvtoVAZ said. Avtomir, which is one of the largest dealers of the automobile plant, also reported...
Russian company Rimera Group, the service division of steel pipe maker ChelPipe, has opened a subsidiary in the United Arab Emirates, the company said, according to Africa News. The main purpose of the new subsidiary is to promote Rimera Group’s integrated oilfield services in the global market, the company said....
Russian state-controlled carrier Aeroflot is to purchase six re-engined medium-haul Airbus A320neo family aircraft, according to documents posted on the country’s public procurement portal. Deliveries of the aircraft are scheduled for 2020, Rusaviainsider.com reported. The carrier placed a request for proposal (RFP) with a value up to US$566 million to...
Russian independent LNG producer Novatek is shelling 60 billion rubles ($952.96 million) to build four icebreakers running on liquefied gas to provide navigation services along the western part of the Northern Sea Route, Kommersant reports.  The Zvezda Shipyard, managed by a consortium of Rosneft and Gazprombank, will get the order,...
One of Russia’s largest steel companies, Severstal, has launched its SteelTech Accelerator this year, an ambitious program to fund metallurgical start-ups offering new technologies to solve challenges in the steel sector, Mining Technology writes. The winning applicants will be given access to laboratories, mentors and the ability to work with...
The hot metal output of Russian steel producer Severstal fell 3% on-quarter in the second trimester of this year to 2.3 million tons due to maintenance at blast furnaces, Kallanish reports citing a company statement. However, crude steel production was flat at 3.06 metric tons (mt), reflecting electric arc...
The Russian Navy will have a nuclear-powered aircraft carrier in its structure, although this will not happen in the immediate future, the commander-in-chief of the Russian Navy Nikolai Yevmenov told reporters at the St. Petersburg International Maritime Defense Show (IMDS) on Wednesday. "There will be, of course, a nuclear-powered aircraft...