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BUILDING OF COMPLEX elektroliza OF ZINC IN CHELYABINSK IN 1997,

				
				
				
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BUILDING OF COMPLEX elektroliza OF ZINC IN CHELYABINSK IN 1997,
POSSIBLY, IT WILL NOT BE RENEWED.
      Chelyabinsk, on February, 13th. A/PRIME-TASS/. Jobs on
To end of building of the complex largest in the CIS
elektroliza zinc on Chelyabinsk elektrolitno-zinc
Factory, apparently, and in 1997 g will not be continued. From -
For absence of means a complex which is under construction from the end 80
Years, it is preserved in 75 percentage stages of readiness.
      The total cost of the project makes 150 million dollars
Designed capacity - 200 tys t zinc in a year of stamp Special
High Great with cleanliness of 99,9995 percents From the beginning
Complex buildings in it it has been enclosed an order 120
Million doll, the necessary technological is bought
The equipment.
       As has informed PRIME-TASS agency on Wednesday
The sales manager of Open Society "Chelyabinsk elektrolitno -
The zinc factory "Michael Tchaplygin, already now the European Reconstruction and Development Bank is ready
To grant to factory the loan in 25 million doll under 10 percents
Annual on building end. This money quite
Could suffice to complete a complex and to deduce it
On a designed capacity within three years. The business plan
Building end has been prepared by the English
Consulting company Boosalen&Hamilton. Therefore
Problems with credit reception will not be. However at
To factory it is not favourable a present tax policy of the state
To take the credit even on enough concessionary terms. No
Full confidence, that with creditors will be possible
In due time to pay off. In today's conditions
The complex can be completed only, if the state
Will give to factory tax clearing for 5 years. After
It will be stage by stage long to budgets are returned.
      Now the factory has no budgetary debts.
The creditor debts make 80 mlrd rub,
debitorskaja - 12 mlrd rbl.
     In 1996 g the enterprise has made more than 110 tys t zinc
Stamps High Great that corresponds to level 1995 g
/capacity of factory allows to make to 130 tys t in
Year/. 50 percents of made production were
It is exported.
       Factory, not having the certificate of the London stock exchange
Metals, it is compelled to sell zinc on 4 percents more cheaply
World quotations/1000-1100 doll for 1 t/. To receive
The certificate of the London stock exchange of metals it will be possible only with
Development of manufacture of zinc of stamp Special High Great on
New complex elektroliza. Probably, that for
Financings of building of a complex it is necessary to factory
To sell the share in the only thing in Chelyabinsk
Three-star hotel "Victoria". In 9,5 million hotel in cost
doll has been constructed last year at individual share
Elektrolitno-zinc factory/60 percents/, Swiss
Companies Euromin/Zheneva, 30 percents / and administrations
Chelyabinsk/10 percents /
        The Chelyabinsk elektrolitno-zinc factory was
It is privatised in 1993 g by the second variant of privileges. The size
The authorised capital of the enterprise has made 536,796 million rub
At face value of actions 1000 rbl. of Company Euromin belong
48 percents of actions, 28,5 percents - Joint-Stock Company "п?п п я п я п п?п ", 10 percents -
To labour collective and 6,6 percents - to Chelindbank. Balance
The factory profit for 1995 g has made 81,4 mlrd rub, pure
Profit - 53,7 mlrd rbl. Following the results of 1995 g shareholders
The enterprises have received dividends at a rate of 700 percents
godovyh. - 0 - nb/oa
//* an information Source: the Prime-TASS, 13.02.97
//* Reg. Nom. - 6070200020.99-------------------------------------------