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. Last Updated: 07/27/2016

Business in Brief

DHL Plans Terminals



MOSCOW (MT) -- Global express delivery giant DHL said Tuesday it would spend 20 million euros ($25.6 million) next year to build three new processing centers in Russia.

DHL plans to build a 10,000 square meter, 9.5 million euro terminal in the Moscow region and one each in St. Petersburg and Samara.




Baltika Brewing Frenzy



MOSCOW (Reuters) -- Russia's top brewer, Baltika, controlled by Denmark's Carlsberg and Scottish & Newcastle, hopes to raise its 2005 output by as much as 16 percent, its head was quoted as saying Tuesday.

Baltika has said it produced 6.35 million hectoliters of beer in the first 9 months of 2004. Last year its sales were 16.2 million hectoliters.

"We hope to increase production by 10 percent to 16 percent," Baltika head Teimuraz Bolloyev was quoted by Vedomosti as saying.

Bolloyev said beer market growth would slow from last year's levels, however.




Naftogaz Eyes LUKor



MOSCOW (Bloomberg) -- Ukraine's Naftogaz said it plans to buy a 47.93 percent stake in LUKor, a petrochemicals producer in which LUKoil, Russia's biggest oil company, owns the other 52 percent stake, as the Ukrainian company expands its business.

Naftogaz, Ukraine's national oil and gas company, said it plans to use its own money to buy the stake from state-owned Oriana petrochemical company as soon as the end of the year, Kostiantyn Borodin, the head of information at Naftogaz, said in an interview from Kiev.

"We expect the purchase will help us increase profits," Borodin said. The joint venture produces hydrocarbons, such as propylene, used for making plastics, he said.




UES Gets Communal



MOSCOW (Bloomberg) -- Unified Energy Systems, Russia's national power utility, may raise its 25 percent stake in Russian Communal Systems, a provider of municipal services in the country's regions, Vedomosti reported Tuesday.

UES managers were asked to "consider the possibility of raising UES's corporate participation in Communal Systems," the paper quoted an unidentified UES official as saying. The managers need to look at the proposal "from financial and corporate points of view," the official said.




OMZ Earning Up 16%



MOSCOW (Bloomberg) -- OMZ, the country's biggest engineering company, said Tuesday first-half profit rose 16 percent from the year-ago period, excluding one-time losses for discontinued operations, as it sold and acquired some units and canceled a merger.

Net income from continuing operations totaled $5.4 million, compared with $4.7 million in the first half of 2003, based on international accounting standards, OMZ said on its web site.

Sales from continuing operations totaled $176.2 million, up from $133.4 million.

Losses from discontinued operations totaled $50.3 million.