Financial News and Economical Crisis

In 2009, Vyksa Steel Works (part of OMC) has made 1 500 510 tons of pipes, which is 7,5% more performance in 2008 (1 395 058 tons), the company said in a statement. Production of large diameter pipes (LDP) was 967 235 tons, which is 31,6% more than in 2008 (734 961 tons). Wheel-set VSW produced 433 100 pieces of railroad wheels.

In December, the volume of production of pipes at VSW up 138 142 tonnes, which is 68,5% more than in December last year (94 730 tons). This LDP production totaled 101 171 tons, which is 66,6% more than in December 2008 (67 394 tons). Wheel-set produced 40 969 pieces wheels.

“Our success is primarily - the result of deeply thought-out investment policy aimed at re-equipment companies, construction of new plants and renovation of existing ones. Today, the plant and the company is working on standards that are held by leading European and global enterprises,” - commented Plant production results, Vice-President of CJSC “OMK, executive director of OJSC” VMZ “Vladimir Kochetkov.

“United Metallurgical Company (OMK) - Russia”s manufacturers of pipes, railway wheels and other metal products for energy, transport and industrial companies. OMK comprises - 7 major companies in the steel industry. Tube OMK includes “Vyksa Steel Works (Nizhni Novgorod Region), Almetyevsk Pipe Plant (Republic of Tatarstan) and Plant Trubodetal (Chelyabinsk region), OMK includes&ada8mp;quot; Chusovskoj Metallurgical Plant and Gubakha Coke “(Perm Region),” Shchelkovo Metallurgical Plant (Moscow region) and “Casting and Rolling Complex (Nizhny Novgorod region).

In 2008, OMK has provided over 16% of Russia”s use of pipes, including 35% of large diameter pipes, 63% of railroad wheels, and about 80% of automobile springs. In 2008, the OMK enterprises produced more than 1.5 million tonnes of pipes of various sizes, as well as 783 thousand railroad wheels. Among the major consumers of OMK products - Gazprom, Russia”s railways “,” Luka “,” AK Transneft, Surgutneftegas, Rosneft, TNK-BP “, ExxonMobil, Royal Dutch /Shell, General Electric, Samsung .
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