Date: 3 months ago   Category: Industry

Pipe Metallurgic Company doesn't expect inclusion in Belousov's list because of low profitability on EBITDA — Rambler News Service


Pipe Metallurgical Co. (PMC) doesn't expect inclusion in the list of the Assistant to the President Andrey Belousov who has suggested the head of state Vladimir Putin to withdraw more than 500 billion rubles of super profits for 2017 from the metallurgical, mining, chemical and petrochemical companies. "We can't tell that we are down on to the train of thought of the president, but proceeding from what is declared as criterion of getting into lists (Belousov) as far as I remember, there profitability on EBITDA is key. She at us, of course, has a little improved – there were 15% on the second quarter. But if to be guided by statements in media, about what profitability on EBITDA is super profits, we, to our regret, are far before. If criteria such, then we are sure that we won't be included in this list" — I have told during a teleconference the deputy CEO of Pipe Metallurgic Company for strategy and development Vladimir Shmatovich. He has noted that he can't make statements concerning change of a general political and all-investment situation after the publication in media of the letter of Belousov, but has noted that he "we is members of RUIE - the position of RUIE is on this matter known". "If to speak on business, then we don't put that we will be included (in Belousov's list) there. We have no such natural rent that we could have such profitability. Our profitability – it is exclusive result of our work and the competitive environment" — Shmatovich has told. Also the top manager has noted that Pipe Metallurgic Company doesn't see risks of increase in prices for steel in domestic market after the publication of the list of Belousov. Shmatovich has also told that capital investments of the company following the results of 2018 can exceed $200 million, in the first half of the year they have made $120 million. Earlier it was reported that RUIE was criticized by Belousov's proposal. "The initiative doesn't promote increase in competitiveness of national economy and will lead to mass leaving of investors from the Russian market. Measures for state regulation of income of industrialists liquidate incentives for development of production, increase in labor productivity and overall effectiveness of the companies" — I reported the union, commenting on Belousov's proposal.

URL:

Photo: globallookpress.com the Ministry of Foreign Affairs of the Russian Federation called new restrictive measures of the USA against the Russian Federation a routine which reason - internal political fight, follows from the comment of department. "In Washington continue by the increasing speed to accept sanctions against Russia. Their recent exp...


The Moscow Department of Mass Media and Advertising announced a public auction on the right of installation and operation of billboards on Kiev, Kaluga and Borovsk the highway in Nova Moskve, the press service of department reported. "Billboards will be located on outgoing highways – Kiev, Kaluga and Borovsk the highway and also on the adjoining ro...


Rosaviatsia plans to use results of investigation of an incident with the person and plane on a runway in Sheremetyevo for prevention of similar situations in the future, the head of Rosaviatsia Alexander Neradko told journalists. "The purpose of investigation is prevention of similar situations in the future. Therefore results of investigation for...


The Minister of Industry and Trade of the Russian Federation Denis Manturov disclosed results of tests of three cars within the national system of crash tests of the RuNCAP cars. "Tests which were passed with use of methods of the destroying control successfully took place the Lifan Murman and Hyundai Solaris cars, on them violations were not revea...


The federal news agency (RIA of the FANNS) submitted a claim to Federal district court of Northern California in the USA against Facebook social network, reported the agency. "on November 20, 2018 Federal news agency, Inc. submitted a claim against Facebook, Inc. in jurisdiction of the USA in District court of the Northern District of California …...


Photo: globallookpress.com the Ministry of Transport will make recommendations to the Russian airports following the results of investigation of an incident in Sheremetyevo where the plane struck and kill the person on a runway. "Following order: now the commission is created, it will understand. When there is the first understanding what systems d...