Source Pravda.Ru

United Metal Company buys controlling stake in Almetyevsk Pipe Plant

The Solid company has announced selling of a controlling stake inAlmetyevsk Pipe Plant to United Metal Company. Earlier the controllingblock of shares was owned by Tatneft and a number of other enterprises ofTatarstan. The cost of the deal was not reported, however, it is known thatit considerably exceeded the initial price of 238m rubles ($7.52m).As it was reported earlier, in July 2002 the financial and investmentcompany Solid, the organizer of the deal, announced a tender on sellingcontrolling stakes in Tatarstan's enterprises, Almetyevsk Pipe Plant andTatincom.United Metal Company includes more than 20 enterprises. Among them are theChelyabinsk Tube Rolling Plant, Vyksa Steel Works, Chusovskoy Steel Works,Schelkovo Steel Works and others. In 2002 the transformation of thesecompanies into the financial and industrial group has started. United MetalCompany acts as the central company. Enterprises of United Metal Companyprovide 36 percent of Russian pipe production. The group's enterprises arealso the largest producers of automobile springs, railroad wheels and otherproducts.Almetyevsk Pipe Plant produces steel pipe of small and medium-sizeddiameter. Depreciation of basic units of its production facilities is from5.56 percent to 26 percent. In the first eight months of this year, theplant manufactured 50,485 tons of products, 63,924 tons were shipped..

©

&to=http://www.tatneftjsc.ru/' target=_blank>TATNEFT

&to=http://www.solidtech.com/' target=_blank>SOLID

Comments
Russia to rebuild its former Soviet naval base in Syria's Tartus
Russia not pulling out from any international agreements, Putin says
Capitalism reduced Indonesian cities to infested carcases
ISIS threatens to conduct large-scale terrorist attacks in USA for Jerusalem decision
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
Kim Jong-un's tactic of hard power teaches USA lesson of obedience
USA looking for reason to see nuclear weapons in action
Tel Aviv, Jerusalem, capitals and puppets
Capitalism reduced Indonesian cities to infested carcases
North Korea declares victory over USA
Capitalism reduced Indonesian cities to infested carcases
Tel Aviv, Jerusalem, capitals and puppets
Tel Aviv, Jerusalem, capitals and puppets
US-led coalition killed more than 9,000 people in Syria since 2014
US-led coalition killed more than 9,000 people in Syria since 2014
US-led coalition killed more than 9,000 people in Syria since 2014
Turkish President Erdogan issues ultimatum to Washington and Brussels
Capitalism reduced Indonesian cities to infested carcases
Russian special services detain Hizb ut-Tahrir members in Crimea
Donbass without militia will be worse than Srebrenica - Putin
Russian scientists find a way to look inside black holes