March 23, 2017 8:24 PM ET

Metals and Mining

Company Overview of OAO Amurmetall

Company Overview

OAO Amurmetall processes ferrous metal scrap into profiled iron and rod. It manufactures plate steel rolling with lens-shaped corrugation; rolled steel; rolled steel for shipbuilding; and plate rolled steel. The company also offers wire of carbon and low-alloyed steel; steel for armouring of concrete constructions, hexagonal steel, rod-iron, l-steel, and rod; and slag gravel and sand for road building. OAO Amurmetall was founded in 1997 and is based in Komsonolsk-on-Amur, Russia. As of April 5, 2010, OAO Amurmetall operates as a subsidiary of VEB-Invest OOO.

30 Vagonnaya street

Komsonolsk-on-Amur,  681000

Russia

Founded in 1997

Phone:

7 4217 52 95 02

Fax:

7 4217 52 94 65

Key Executives for OAO Amurmetall

Chief Executive Officer
Compensation as of Fiscal Year 2016.

OAO Amurmetall Key Developments

Amurmetall Up For Sale

OAO Amurmetall has been put for sale. The price is set at RUB 2.50 billion. Bids will be accepted until November 28, 2016.

OJSC Amurmetal Reports Earnings Results for 2015

OJSC Amurmetal reported earnings results for 2015. For the period, the company saw net losses to Russian Accounting Standards (RAS) rise 75% year-on-year RUB to 3.603 billion against RUB 2.058 billion a year ago. Revenue was RUB 10,973,828,000 against RUB 12,451,504,000 a year ago. Operating losses were RUB 1,395,583,000 against operating profit of RUB 129,073,000 a year ago. Pretax losses were RUB 3,502,856,000 against RUB 1,976,117,000 a year ago.

Reportedly Amurmetall Auction Postponed To May

Reportedly, the auction to sell OAO Amurmetall has been postponed for a month-and-a-half. Metal Bulletin reported that the latest auction, which was scheduled April 5, 2016, will now take place on May 17 2016, according to the information published on April 4 on the website of the inter-regional electronic trading system of Russia, www.m-ets.ru. The first two attempts to sell the plant in 2015 did not attract any potential buyers.

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Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
 

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