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News: Industry & manufacturing 16 May '08 | Ekaterinburg UTZ announces 3-fold increase in upgrades investment Ural Turbine Factory says total 2008 investment into technical upgrades will top $8.4m, including raft of purchases from Swiss firm Schaublin. 16 May '08 | Novosibirsk ELSI kicks off $30m overhaul of metal works factory A $30m project to overhaul the Linvesky Metal Construction Works got underway today, Novosibirsk's regional administration announces. 16 May '08 | Rostov-on-Don Donsky Tabac posts 16.7% rise in 2007 profits 2007 net income at Rostov-based tobacco manufacturer Donskoy Tabac totaled $7m, up 16.7% on 2006, says the company's annual report. 16 May '08 | Ekaterinburg Cosmetics-maker Kalina 1Q profit surges 15.6% to $8.7m Kalina, a major Russian cosmetics maker, saw its profits rise 15% in 1Q. 15 May '08 | Kazan UAZ votes to forgo dividends on 2007 profits Shareholders in the Ulyanovsky Automobile Plant have votoed to forgo dividends on 2007 profit and instead inject $34.1m into upgrading facilities. 15 May '08 | Ekaterinburg Sverdlovsk's VSMPO-AVISMA Q1 sales top $250m First quarter results released by VSMPO-AVISMA show shipped products totaled $257.5m, 40.1% up on 2006 levels. 15 May '08 | Kazan GRAS to build $67m Saratov factory Moscow-based financial firm GRAS is to invest $67m into construction of a factory to build autoclave gas-concrete products in Saratov region, the region's Investment Ministry announced today. 15 May '08 | Ekaterinburg Metafrax posts $28m Q1 profit First quarter results released by Perm-based chemical product manufacturer Metafrax show net profit totaled $28m. 14 May '08 | Krasnodar Kabardino-Balkariya passes $100m garden scheme The city administration in Kabardino-Balkariya approves a project to set up an experimental garden, in which investment is expected to top $100m over 3 years. 14 May '08 | N. Novgorod Dzerzhinskoye Orgsteklo announces new plan Dzerzhinsk chemical producer Dzerzhinskoye Orgsteklo announces plans to install a third extrusion line in July-August. 14 May '08 | Krasnoyarsk Chipboard factory launched in the Krasnoyarsk region Siberian Industrial & Investment Company has launched its chipboard manufacturing factory in the town of Kansk, the Krasnoyarsk region, Interfax reports. 14 May '08 | N. Novgorod Expansion approved at Volga Brewery The Nizhny Novgorod Investment Council under the regional governor has okayed the second stage of expansion at Volga Brewery (member of the Heineken group). 14 May '08 | Ekaterinburg Azot posts Q1 2008 profit up 3.1 times First quarter results released by Perm-based fertilizer manufacturer Azot show net profit for the period totaled $56m, up 3.1 times on the first quarter 2007. 13 May '08 | Kemerovo Sibirsky Les wins Kemerovo $0.9m timber tender Timber and furniture firm Sibirsky Les (Russian Forest) wins Kemerovo's highest value and largest area tender, after securing a 49-year lease on a timber site. 13 May '08 | Kazan EIAZ 2008 Q1 profits hit $50 First quarter results released by the Elabuzhsky Automobile Factory (EIAZ) show profit hit for the period hit $49.1m, up 1.8 times on the first quarter 2007, though certain sales fell. 13 May '08 | Chelyabinsk ChKPZ posts 2007 profit up 4 times 2007 results released by the Chelyabinsk Forge & Press Factory (ChKPZ) show profit totalled $13.6m, almost four times 2006 profit. 13 May '08 | Kazan KamAZ posts first quarter growth First quarter results released by auto giant KamAZ Group show sales came in at $1.3bn, up 15.8% on the first quarter of 2007, while exports were also up. 12 May '08 | Ekaterinburg UMPO announces $126m 3rd share offering The Ufa Engine-Building Factory (UMPO) has announced it will make a third share offering worth $126m for the period of three years. 12 May '08 | Krasnodar EuroChem announces $22.5m upgrade package in 2008 Mineral and chemical firm EuroChem has announced plans to invest $22.5m upgrading its Nevinnomyssky Azot fertilizer manufacturing factory in 2008, REGNUM reports. 09 May '08 | Chelyabinsk $60m profit at AMZ could mean dividend berth Chelyabinsk's Ashinsky Metallurgic Factory (AMZ) announces 2007 net profit in excess of $60m, sparking its directors to recommend the firm's first ever dividend payment.

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