Russian Financial Control Monitor

MOSCOW. Russian Railways (RZD) said it has reduced stake in its subsidiary, Novosibirsk Switch Plant, to 25%. Vossloh Cogifer, an industrial subsidiary of the Vossloh Group, one of the world leaders in the switch gear field for all types of rail transportation networks, won an auction to acquire 75% minus two shares in the plant for RUR2.03bn ($62.8mn, or €47.75mn) in May this year. The transaction with Vossloh Cogifer SP Technology was registered on July 18.

CHELYABINSK. Chelyabinsk Zinc Plant produced 85,489 metric tons of Special High Grade (SHG) zinc and its alloys in January-June 2013, up 5% from 81,247 tons in the same period of last year. More than 70.8% of the Urals plant’s production was sold on the domestic market, up from 65.1% in the first half of 2012.

2023-10-08 11:42:18