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Business news in Lipetsk

04/27/2018 02:00Concerns over ArcelorMittal's next move    ( Luxembourg Times )
Concerns have been raised over the next steps in the potential sale of several ArcelorMittal facilities following reports that a Russian company had shown interest in buying the assets. Belgian media reported that NLMK Group – whose headquarters are in Lipetsk in western Russia just south of Moscow, ...
04/26/2018 09:55First large-scale French Fries production plant in Russia inaugurated    ( PotatoPro )
“Together with our partner Belaya Dacha, we have built this beautiful plant in Lipetsk that provides us with a unique opportunity to expand our position in the Russian market, while supporting our international key accounts in optimizing their own value chain, growing their businesses in the region and ...
04/20/2018 09:55200 richest businessmen of Russia: Pavel Durov has risen sharply in the Forbes list    ( The Siver Times )
Pavel Durov. The next rating of Forbes magazine, which was published today, dedicated to the 200 richest businessmen of Russia. Its leader was a 61-year-old Vladimir Lisin, owner of Novolipetsk steel. His condition edition valued at $ 19.1 billion. A little behind him, the 52-year-old owner of “Severstal” ...
04/14/2018 09:55NLMK Q1 steel products sales up 13% on higher semi, long steel sales    ( )
The increase was due to higher slab sales in NLMK's export markets and rising long steel sales in Russia, the company said. The company sold 1.82 million tonnes of slabs from its Lipetsk-based facility in January-March 2018, up by 10% year on year from 1.65 million tonnes in the same quarter in 2017 ...
04/11/2018 17:45NLMK Stoilensky to boost iron ore production by 10pct    ( SteelGuru )
The launch of the pelletizing plant at Stoilensky and projects aimed at growing steel production at the Lipetsk site require more quartzites, which are used as feedstock for the beneficiation plant. Stoilensky plans to ... Stoilensky (part of NLMK Group) is among TOP 3 iron ore mining companies in Russia.
03/21/2018 08:30Chinese may be expelled from Lipetsk SEZ in Russia    ( Construction.RU )
Nevertheless, Lifan was in no haste to invest, whereas the SEZ's administration bore expenses. In particular, utility systems were laid. The Chinese company told Izvestia that it was the deterioration in the automotive market to blame. As a result, the administration of the Lipetsk Special Economic Zone ...
03/02/2018 22:35Insect protein from poultry waste    ( Poultry World )
Russian company ZooProtein is currently shaping up its technology of re-processing waste from poultry farms into protein-rich biomass for the further ... At its own production facility in Lipetsk Oblast, where the company tests its technology – ZooProtein currently has 5 million flies and plans to bring that ...
02/21/2018 00:40UPDATE 1-Stronger steel prices drive NLMK core earnings to highest in 8 years    ( Reuters )
MOSCOW, Feb 20 (Reuters) - NLMK reported a 37 percent jump in 2017 core earnings to $2.7 billion on Tuesday, its highest level since 2009, as Russia's largest steelmaker saw stronger steel prices and higher sales. Controlled by billionaire Vladimir Lisin, NLMK said that steel demand started to grow ...
02/21/2018 00:40Russia's NLMK mulling slab options after US Section 232 recommendations    ( Platts )
Russian steelmaker NLMK is mulling its options in the event the US implements any recommendations from its Section 232 investigation into the impact of steel imports on national security, Oleg Bagrin, chairman of the strategic planning committee of the company's board of directors, said Tuesday.
02/21/2018 00:40The battle with the “aggressor”: Poroshenko found a secret business in Russia    ( (press release) )
Until 2014, he says, the company is officially owned Ukrainian company “Ukrprominvest-agro” with the final beneficiary in the person of Peter Poroshenko. Also, OOO “Krahmaloprodukty” Russia is a founder of another company – LLC “Lacigreen” working in the Lipetsk region the cultivation of grain.
02/21/2018 00:40Russia's NLMK Q4 core earnings up 51 pct y/y, beat f'cast    ( Kitco News )
MOSCOW, Feb 20 (Reuters) - Russia's largest steelmaker NLMK said on Tuesday its core earnings rose 51 percent year-on-year to $786 million in the ... steel output at 4.2 million tonnes in the first quarter of 2018, due to a seasonal market slowdown and planned maintenance at its NLMK Lipetsk site.
01/30/2018 16:45Moody's upgrades ratings of number of Russian companies to investment level    ( TASS )
MOSCOW, January 30. /TASS/. Moody's has upgraded ratings of 19 Russian companies to 'Baa3' (investment level), the rating agency reported Tuesday. The move follows Russia's country ceiling for foreign currency debt rising to Baa3 and the outlook on Russia's long-term issuer Ba1 rating changing ...
01/30/2018 00:35When Russian Officials 'Nightmare' Your Business, You Can Lose Everything—Even Your Life    ( Bloomberg )
... Lipetsk region—complete with a remand prison. Eighteen months after the ribbon-cutting, the ministry accused him of embezzling because some elements of the project, such as connecting to the power grid, had cost him less than the contract forecast. Kleshchin, whom Russia Behind Bars is assisting ...
01/09/2018 23:40Kemin heads north, expands business in Canada    ( )
In March, it acquired Algal Scientific, a Michigan-based company specializing in beta-glucan technology for antibiotic alternatives for animals, while, April saw it open an office and manufacturing facility in Lipetsk, Russia. Kemin is targeting the full gamut of production species in Canada - swine, poultry, ...
01/05/2018 07:25Kemin acquires Agri-Marketing to strengthen Canadian agri and pet food position    ( FoodIngredientsFirst )
... with acquisitions and with the addition of new locations. In March, Kemin acquired Algal Scientific, a Michigan-based company specializing in beta-glucan technology for antibiotic alternatives for animals. In April, Kemin opened an office and manufacturing facility in Lipetsk, Russia. foodingredientfirst ...
12/16/2017 06:30Russia's X5 Retail To Acquire O'Key Supermarket Business    (Namnews)
RUSSIA: X5 Retail To Acquire O'KEY's Supermarket Business - Namnews
11/28/2017 05:40Bekaert in major expansion of Russian site    ( )
LIPETSK, Russia—Bekaert Lipetsk (Russia) has recently launched a expansion project at its manufacturing plant in response to growing demand.
11/07/2017 14:10How to sell a country: the booming business of nation branding    ( The Guardian )
Even in Russia, people may fail to place it. In September, when Natasha Grand was passing through Moscow on her way back from Lipetsk, she told a ...
10/27/2017 21:00Cherkizovo Pork Business Boosts Sales In First Nine Months    ( ESM - The European Supermarket Magazine )
Russian meat producer Cherkizovo has announced sales volumes of ... levels following the launch of two new plants in Voronezh and Lipetsk.
10/27/2017 04:45Russia's Cherkizovo sees pork sales rise 13 pct in Jan-Sept    ( Reuters )
The Moscow-based company expanded pork production in the central Russian regions of Voronezh and Lipetsk this year, but did not say by how ...


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