UMMC consolidated over 95% of shares of PJSC “Chelyabinsk Zinc Plant”
In September 30, 2016 JSC “UMMC” obtained approval from the Federal Antimonopoly Service of the Russian Federation for purchase of 100% of shares of PJSC “Chelyabinsk Zinc Plant” (ChZP). By now UMMC consolidated 95.57% of ChZP’s shares. The rest shares are available to public, their owners had got a public offer as prescribed by the applicable law.
Within UMMC Group, ChZP will focus on completion of zinc production revamping with adjustment of annealing, Waelz processing and refining facilities to achieve total capacity of around 200 ths. tpy of zinc, and growth of own feedstock by construction of Korbalikhinsky underground mine in the Altai Territory.
In 2015, ChZP produced 171 ths. tons of zinc. In 2016 we expect output of 173 ths tons of zinc.