Metallurgical plant “Dneprospetsstal” closes the office in Moscow

Liquidation of representative office explain it uneconomical.

The Supervisory Board of plant “Dneprospetsstal” (Zaporozhye) at the meeting on 2 June, decided to close its office in Moscow.

This is stated in the press release of the plant.

According to the report, the office closed in connection with economic inexpediency of its further activities.

Earlier, the representative office performed the functions of representation and protection of commercial interests of enterprises on the Russian market.

As reported, in 2016 compared to 2015 Dneprospetsstal decreased the net loss by 42.9%, or 302,9 million hryvnia to 403,651 million hryvnia, reducing net income by 7.9%, or 538,334 million hryvnia to 6,319 billion.

In 2016 compared to 2015 year, the plant has reduced steel production by 3% to 237,033 thousand tons.

PJSC Dneprospetsstal produces long products and forgings of special steels: stainless, tool, high-speed, bearing, structural and heat-resistant alloys based on Nickel.

VS Energy International Group owns assets in Ukraine (“Kievoblenergo”, “Odessaoblenergo”, “Sevastopolenergo”, “Khersonoblenergo”, “DSS” to them. A. N. Kuzmina, hotel business (“Premier international”)).

Beneficiaries of VS Energy are the Russian businessman Yevgeny Giner, the Deputy of the state Duma Alexander Babakov, Mikhail Voevodin and Sergey Shapovalov.

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