Saturday, October 31, 2020
Capacity utilization of systemic companies in the Russian automotive industry declined from 50% to less than 30% after two months of the lockdown due to the coronavirus pandemic, Izvestiya newspaper reports on Saturday, citing data of the Russian Ministry of Industry and Trade, TASS reported. Automobiles production plummeted by 60.2%...
Finnish forestry group UPM-Kymmene said on Tuesday it would permanently close its Jyvaskyla mill, which produces spruce and birch plywood in central Finland, Reuters informs. “Competition in the birch plywood market is increasing constantly. New birch plywood capacity has been built especially in Russia, where the production cost level is...
Russian plant of Toyota carmaker in St. Petersburg has resumed full operation on Tuesday, a spokesperson with the company told TASS. On March 30, the plant suspended the work of the conveyor in line with the decree of President Vladimir Putin on non-working days in Russia due to the coronavirus...
Kamaz plans in August 2020 to complete certification and start production of Euro-6 eco-friendly trucks for the Russian car market, the company’s CEO Sergei Kogogin said in a statement, TASS reported. According to Kogogin, despite the fact that Euro-5 environmental standards are currently in force in Russia, the company is...
Advance government procurements of motor vehicles will total 33,500 units in May - July, Russian Minister of Industry and Trade Denis Manturov said on Sunday in an interview with the Rossiya-24 TV Channel. "We provisionally worked out this program related to the automotive industry support in the government. This pertains to...
The pharmaceutical company Evalar, which produced ten coronaviruses in Biysk in the Altai Territory, halted all production except the release of antiseptics, antiviral drugs, and vitamins, TASS reported. According to TASS in the Altai Territory Administration for Food, Processing, Pharmaceutical Industry, and Biotechnology, ten people were detected at the Evalara...
A gauge of Russian manufacturing slumped to the lowest level since records began in 1997 as coronavirus lockdowns across Europe choked demand. The Manufacturing Purchasing Managers’ Index fell to 31.3 in April, down from 47.5 in March, IHS Markit said on Thursday. The median estimate of eight economists surveyed...
Two of the biggest metal trade events in Russia this year, the Metallurgy Russia and Litmash Russia trade fairs, originally scheduled for 9 to 11 June 2020, will be postponed to June 2021, Foundry Planet reported. The two events have been successfully organised by Metal Expo/Russia in cooperation with Messe...
Falling demand amid the COVID-19 crisis has taken a hit on car sales in Russia, which may drop up to 50% due to the pandemic, and the risks of massive layoffs at assembly and auxiliary enterprises is growing, Nezavisimaya Gazeta writes. According to data provided by Boston Consulting Group, the...
Finnish industrial machinery company Metso has won a contract for the supply of SAG and ball mill linings for the upcoming facilities of Russian Copper Company’s (RCC) Tominsky Processing Plant, IM-Mining reports. The deal complements two earlier mill lining contracts for RCC’s Mikheevsky Processing Plant, signed in December 2019. With a...