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. Last Updated: 07/27/2016

Business in Brief

$500,000 Maybach



MOSCOW (Prime-Tass) -- U.S.-German auto giant DaimlerChrysler has sold its first luxury-class Maybach car in Russia, DaimlerChrysler Avtomobili Rus, DaimlerChrysler's official dealer, said Wednesday.

Russia's first Maybach buyer was Russky Standart Group board chairman Rustam Tariko.

The new Maybach is a remodeled version of its predecessor designed in the late 1920s, the production of which was stopped in 1940s.

Production of the Maybach began last autumn, with the ability to produce up to 1,500 cars annually.

DaimlerChrysler plans to sell 14 Maybachs this year in Russia.

Maybachs sell at 500,000 or 611,000 euros, depending on the model.




36.6 Profits Jump 68%



MOSCOW (Bloomberg) -- Pharmacy chain 36.6, the country's largest drugstore group by sales, said 2002 profit surged 68 percent after the company opened 14 self-service stores.

Net income rose to $3.28 million from $1.95 million in 2001, excluding a one-time gain from debt restructuring, according to international accounting standards, the Moscow-based company said. The company benefited from a gain from debt restructuring of $17.4 million in 2001.

The company opened 14 new pharmacies last year and seven this year, boosting the total number of stores to 59 as of June 30.




WBD Lithuania Deal?



MOSCOW (MT) -- Juice and dairy group Wimm-Bill-Dann is set to sign a contract by the end of July to become a supplier to Lithuanian retailer Vilniaus, Vedomosti reported Wednesday.

The supply deal will mark the first long-term contract by a domestic food and drink group to supply a foreign retailer.




Steelmakers Seek Help



MOSCOW (Bloomberg) -- U.S. Steel Corp., Nucor Corp. and other steelmakers have petitioned an independent U.S. agency to extend measures to protect the $2 billion market for plate steel against imports from China, Russia, South Africa and Ukraine.

The companies say they want the United States to keep a minimum price and import cap on plate, used in bridges, pipes and trucks, because they expect the World Trade Organization to strike down the separate three-year program, announced in March 2002, to protect the entire steel industry.

"We're going to lose at the WTO," Roger Schagrin, a lawyer representing Nucor, the third-largest U.S. steel manufacturer by capacity, said after a hearing Wednesday at the International Trade Commission in Washington. "This industry is still quite vulnerable."