SpyLOG
19/4/2014 16:48
RIA Novosti

Business

Rusal Pledges to Modernize Troubled Urals Plant

Rusal Pledges to Modernize Troubled Urals Plant
21:43 03/09/2012
MOSCOW, September 3 (RIA Novosti)
Tags: Bogoslovsky Aluminum Smelter, Rusal, Russia

Russian aluminum company Rusal has said it earmarked more than 200 million rubles ($6 milllion) to modernize an aluminum smelter in the Urals in the next two years, following demonstrations over the weekend about the future of the facility.

The firm also said it had made "a principle decision" not to lay off workers at the Bogoslovsky Aluminum Smelter, as earlier planned, in comments made by Rusal's press service. The company has said Bogoslovsky, in the town of Krasnoturyinsk, has been unprofitable because of increased energy costs.

The move comes after two separate rallies in the town on Sunday: one protesting cutbacks in production at Bogoslovsky announced by Rusal last week, and the other electricity cost hikes.

In the statement, the firm also dismissed a threat by Krasnoturyinsk lawmaker Ildus Khakimov to launch a hunger strike in a bid to "save the plant" as "self-advertisement" ahead of mayoral elections in the town.

 

  • Add to blog
  • Send to friend
  • Share

Add to blog

You may place this material on your blog by copying the link.

Publication code:

Preview:

RIA NovostiRusal Pledges to Modernize Troubled Urals Plant         Rusal Pledges to Modernize Troubled Urals Plant

21:43 03/09/2012 Russian aluminum company Rusal has said it earmarked more than 200 million rubles ($6 milllion) to modernize an aluminum smelter in the Urals in the next two years, following demonstrations on Sunday about the future of the facility.>>

Send by e-mail

All fields are required!



Leave a comment

    Рейтинг@Mail.ru  Rambler's Top100
    © 2014  RIA Novosti
    Some material may be inappropriate for those under 18