CHEMK will invest $550m in Serov ferro-alloys expansion.CHEMK is to invest $550m over the next two years in upgrades at the Serov ferro-alloys plant and the Saranovsk chrome mine, a company spokesman told Metal Bulletin.DaviesJanie
Serov Ferroalloy Plant, owned by Russia's ChEMK Group, significantly reduced net profit in 2023. The plant's profit fell to RUB 566.4 million ($6.05 million), which is 6.7 times below the result of 2022. Meanwhile, the facility's revenue dropped to RUB 25.67 billion (-23.5%). Metal ...