Krasny Oktyabr

Volgograd company Krasny Oktyabr wants to buy Zelezara Smederevo

Loss-making steel plant Zelezara Smederevo, which belongs to the Government of Serbia, continues to attract Russian investors. Following Uralvagonzavod, Krasny Oktyabr has been interested in the asset. But it offers to radically reduce production, keeping only capacities for special steels rolling. Analysts doubt that Belgrade will agree, as it will lead to layoffs.
The Volgograd metallurgical plant Krasny Oktyabr, which produces special steel, has applied for a tender for the sale of the Serbian steel plant Zelezara Smederevo (should be held in September), the company’s general director Dmitry Gerasimenko told the Kommersant. According to him, the plant exports about 30% of the 400 thousand tons per year to Europe, and the purchase of Zelezara will expand the range and increase its presence on the market. The plant has rolling mills for the production of flat cold-rolled and hot-rolled steel (over 50 thousand tons per month), they can be adapted for special steels rolling from Krasny Oktyabr’s billets. The Volgograd plant’s steel capacities can produce 60 thousand tons per month, not less than 20 thousand tons will be supplied to Zelezara. According to the top manager, this will reduce the costs in Russia.

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New owner invests 2.7 billion rubles in Zlatous electrometallurgical plant

The Volgograd metallurgical plant, Krasny Oktyabr has invested about 2.7 billion rubles into the Zlatous electrometallurgical plant (ZEMZ), the Kommersant reports with reference to the company's general director, Dmitry Gerasimenko.
"About 1.5 billion rubles were allocated for social payments - compensation for laid-off employees, as well as for the current staff. 1.2 billion rubles more were invested into current assets of the plant, "- said the head of the enterprise. Today, the complex ZEMZ is 100% loaded, the production of special steel makes up 6 thousand tons per month. The monthly cash turnover is 400-500 million rubles (excluding VAT).

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What tasks shall metallurgy be ready for?

There won’t be a sharp rise in the economy in the next few years. Nevertheless, perhaps, new long-term trends may appear on the Russian market by 2015-2016.
So, the priority for many Russian producers is the domestic market of rolled metal, the share of exports in the total output is reduced. The situation on the world market deteriorates for Russian steel companies, besides their foreign assets may be under threat of sanctions. Quite symptomatic can be called the recent statement of Severstal about possible sale of the remaining assets in the United States.

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Krasny Oktyabr reduces production costs in steel smelting

Volgograd metallurgical plant Krasny Oktyabr has launched an arc furnace №5 after overhaul. The furnace upgrade will have a significant impact on reduction of production costs for steelmaking and will help to realize goals of the plant’s environmental programs on decrease of emissions into the environment, the company’s press centre reports.

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Krasny Oktyabr continues to upgrade its facilities

Implementation of upgrade programs has been continued at metallurgical plant Krasny Oktyabr within technical re-equipment of industrial facilities. Last year, a number of important overhauls were carried out with this end in view and several units of new high-tech equipment were launched. Repairs of wet washing of arc steel furnace-5 in MSP-2, seven-roll leveler in metal finishing shop, mill-1150, arc steel furnace-2 in MSP-1 were finished.

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Output of stainless steel products increases by 11.4%

According to expert assessment of the association Spetsstal, in 2013 output of primary types of stainless steel products in Russia grew by 11.4% as compared with 2012 and made up 114 195 tons.
Leading Russian producers of primary stainless steel products are Krasny Oktyabr, which share was 32.8% of the total production, Chelyabinsk metallurgic plant – 29.2%, Elektrostal – 12.3%, Zlatoust metallurgic plant – 11.0% and Izhstal – 5.9%.

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Rostekh’s enterprise decides not to buy plant, controlled by Mechel

The Volgograd plant Krasny Oktyabr, which is controlled by the state-owned corporation Rostekh, has dropped out of talks on the purchase of pre-bankrupt Zlatoust metallurgic plant (ZMZ), a source, who is familiar with the negotiations, reported to the ITAR-TASS.
According to him, the Volgograd enterprise was ready to pay ZMZ’s debts in the amount of about 2 billion rubles, but Mechel insisted on payment of 1 billion rubles more for control over the enterprise.
Another informed source confirmed the information on breakdown of negotiations on ZMZ acquisition.
Earlier the Governor of the Chelyabinsk region, Mikhail Yurevich called the stand of the Mechel’s Management on ZMZ “inconsistent”, accused it of disruption of talks on the plant's acquisition.

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New Enhancements to Rusmininfo,full story selector available in Russian

Rusmininfo is pleased to announce some further enhancements to the news service.This week we have launched a full story selection system in Russian so now every user can select the news they want to receive according to their exact parameters in both Russian and English for full e-mail alerts.
To set up your new selections please log in and click on 'My News Alerts' then use the drop down menu and click on the companies,countries and sectors you want to receive news on.
If you have mislaid your log in details please e-mail [email protected]
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Rhod Mackenzie
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VMZKO dispatches metal products at the rate of 12 billion rubles in 2011

In 2011,the Volgograd metallurgical plant Krasny Oktyabr (VMZKO) dispatched metal products at the rate of about 12 billion rubles –  more than 10% than in 2010 (about 10.7 billion rubles).


VMZKO started increasing its sales volume at the beginning of Q4, 2011 when the new team of managers came to the plant. Before  Q4 the monthly dispatch made up about 20 thousand tons, in October-December – up to 24 thousand tons of finished rolled metal. Read more »

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