Metalloinvest puts 2020 capex at $434 mln, to fulfill all projects - Metals & Mining - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

Metalloinvest puts 2020 capex at $434 mln, to fulfill all projects

MOSCOW, Nov 19 (PRIME) -- Capital expenditures of Russian metals holding Metalloinvest will amount to U.S. $434 million in 2020, the company will implement all projects that it had planned, CEO Nazim Efendiyev said on Thursday during a summit.

Unlike many other companies in the metals industry, Metalloinvest increased production in January–September during the coronavirus pandemic. Its capacities were fully loaded, he said.

“The situation allowed us to continue implementation of all investment projects. I mean that this year the sum investment, the sum of investment that has already been done, will stand at around $434 million. This is a serious figure given the current situation. We will finish all investment projects we planned to finish this year,” he said.

End %%md/jst%%

19.11.2020 10:46
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 90.0291 +0.1411 27 nov
USD 75.4518 -0.0209 27 nov
Stock Market Indices
1D 1W 1M 1Y
rtsi 1224.65 -1.11 14:14 13 nov
micex 3014.25 -0.38 14:14 13 nov
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 179.33 +3.71 13:59 13 nov
lkoh 4854.50 +0.03 13:59 13 nov
rosn 414.30 +0.49 13:59 13 nov
sber 241.46 -0.26 13:59 13 nov
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 91.6275 +0.5075 13:59 13 nov
USDTD 77.4900 +0.2550 13:59 13 nov