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THE VOLUME OF MANUFACTURE CHETSZ IN 1996 G HAS DECREASED ON 4 PERCENTS TO 111,5

				
				
				
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THE VOLUME OF MANUFACTURE CHETSZ IN 1996 G HAS DECREASED ON 4 PERCENTS TO 111,5
TYS T ZINC.
        Chelyabinsk, on April, 9th. A/PRIME-TASS/. Volume
Manufactures of the largest in Russia Chelyabinsk
elektrolitnogo zinc factory/CHETSZ/in 1996 g has decreased
To 111,5 tys t zinc of stamp Hi Great that makes 96
The percents from level 1995 g, have informed the PRIME-TASS on Wednesday
The assistant to the general director of Open Society "п?п?п?п " on
Commerce Michael Tchaplygin.
     Profitability of manufacture has decreased for a year with 20 to
The Net profit has made 5 percents 17 mlrd rub, which
Practically everything, according to M.Tchaplygin, has left on
The maintenance of welfare projects. In 1995 the pure
The profit was made 53,7 mlrd rub, by which most part
It has been directed on payment of dividends at a rate of 600 percents
Annual/face value of actions 1000 rbl. / From the beginning 1997 g factory
Has passed to balance to a city all the a vein
The fund, two kindergartens and the culture house. However, has told
M.Tchaplygin, dividends for 1996 g will not be paid. In
This year it is necessary to reduce a minimum of the labour of 10 percents
The factory collective which number makes on
Today 2150 persons. Thus it is supposed also
To reach 10 percent growth of volumes of manufacture on
To comparison since 1996
      Management CHETSZ considers now
Possibility of end of building of the largest in
The CIS of a complex elektroliza zinc annual capacity 200
Million t zinc of stamp Special Hi Great with cleanliness 99,9995
The percents the Complex are under construction from the end of 80th years and are
Now in a 75 percent stage of readiness. A total cost
The project - 150 million dollars For building end
Investments into volume of 25 million dollars Annually are necessary from
Own profit the factory can allocate on 5 million doll
On complex completion. The first means it is planned
To receive this year from sale of a share of joint-stock company/60 percents / in
The only thing in Chelyabinsk 3-star hotel "Victoria".
Considering, that the hotel has already started itself to pay back, the factory is intended
To sell the share for 9,5 million dollars Other co-owners
"Victoria" are Swiss company Euromin/30 percents
Actions / and administration of Chelyabinsk/10 percents / Having completed
The complex elektroliza zinc, can receive factory
The certificate of the London stock exchange of metals and to sell zinc on
To stock quote. Now the enterprise is compelled to realise
Metal on a foreign market on 4 percents is cheaper its exchange
The prices.
       The annual meeting of shareholders is appointed by council
The director for May, 15th.
      The factory has been privatised in 1993 g on the second
To variant of privileges. The size of the authorised capital - 536,796 million
rub at face value of actions 1000 rbl. the Basic shareholders:
Swiss company Euromin/Zheneva/-48 percents of actions,
Chelyabinsk Joint-Stock Company "п?п п я п я п п?п " - 28,5 percents, labour
Collective - 10 percents, Chelindbank - 6,6 percents - 0 - dk/oa
//* an information Source: the Prime-TASS, 9.04.97
//* Reg. Nom. - 6070400011.35-------------------------------------------