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CHZN - Chelyabinskiy Tsinkovyi Zavod PAO News Story

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BRIEF-Chelyabinsk Zinc Plant To Complete Modernization And Focus On Altai Resources - CEO

Tue 24th April, 2018 2:45pm
April 24 (Reuters) - 
    * CHELYABINSK ZINC PLANT  CHZN.MM  IS CLOSE TO COMPLETING
LARGE-SCALE MODERNIZATION, AIMED AT INCREASING OUTPUT TO 200,000
TONNES IN 2019 - CEO PAVEL IZBREKHT TOLD REUTERS
    * THE FIVE-YEAR MODERNIZATION, WHICH CAME TO RUB 3.5
BILLION,
SHOULD BE COMPLETED IN SEPTEMBER 
    * CHELYABINSK ZINC PLANT PLANS TO FOCUS ON MINERAL RESOURCES
IN
ALTAI, HOPING FOR FURTHER GROWTH OF ZINC CONSUMPTION IN RUSSIA
    * THE COMPANY SEES 2017 REVENUE HIGHER THAN RUB 23.4 BLN IT
REPORTED IN 2016
    * "FOR THE CURRENT YEAR THERE ARE ALSO CERTAIN PLANS FOR
GROWTH,
THERE ARE GOOD INDICATIONS FOR THAT - PRICES AND GROWTH OF
OUTPUT INDICATORS" - CEO
    * IZBREKHT EXPECTS GROWTH OF ZINC CONSUMPTION IN RUSSIA IN
2018 TO
220,000-230,000 TONNES
    * IZBREKHT BELIEVES THAT IN TWO-THREE YEAR PERSPECTIVE, SOME
PRICE
REDUCTION IS POSSIBLE, AS AT THE CURRENT LEVEL OF PRICES,
PRODUCERS WILL INCREASE CAPACITY FOR BOTH ZINC AND ZINC RAW
MATERIALS

    
 For the story in Russian, click:  urn:newsml:reuters.com:*:nL8N1RN4HL
    
 Further company coverage:  CHZN.MM  
   


 (Reporting by Natalya Shurmina, translated by Gdynia Newsroom)
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))
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