Stock market news

Cherkizovo Group

Cherkizovo Group plans to increase its chicken meat production capacity to 1 million tons, pork - up to 500 thousand tons, turkey - up to 75 thousand tons per year, according to the company's presentation for the company's bond issue. The group does not specify a specific timeframe, saying only that it is a "medium-term target". In 2021, the production of ch...

Severstal

Severstal has sold to a private investor company Neva-Metal, which specializes in handling of containerized cargo arriving by sea, river, rail and road transport. Decision is connected with change of logistic flows of company, explains Severstal. Terms of the deal company did not disclose. Neva-Metal's revenues last year were ₽2.8 billion, with a net profit...

MMC Norilsk Nickel

Nornickel's Kola MMC resumed platinum group metals production. Nornickel's specialists continue to assess the extent of the damage and the period of work required to eliminate the consequences of the fire for cobalt production.

Novolipetsk Iron and Steel Works

NLMK reached an agreement with the Belgian investment fund SOGEPA to integrate the Danish company NLMK Dansteel into the joint venture NLMK Belgium Holdings. NLMK Dansteel specializes in the production of thick plates. Combining assets and strengthening the portfolio will allow NLMK to reduce operating costs and optimize its operations on foreign markets in...

VK

Ministry of Education, the Ministry of Education and Science and VK have signed an agreement on cooperation in the creation and development of services for convenient interaction between teachers and parents and students as part of the implementation of FGIS "My School". Among the communication tools are chats and video conferences, which will be developed a...

Sistema

Agroholding Steppe has launched production of a line of eco-garnishes under its own brand. Range includes green buckwheat, chickpea, couscous, quinoa, bulgur, green and red lentils. First batches of products will soon be available on marketplaces and will appear on the shelves of federal retail chains. Agroholding sees great potential for growth in the healt...

Adobe Systems

Adobe's GAAP net income for 9 months of 2022 was $3.58 billion, down 0.3% from $3.589 billion in the previous year. Revenue rose 12% to $13.081 billion from $11.675 billion a year earlier.

Adobe Systems

Adobe announced purchase of Figma, a startup that creates collaboration tools for designers online. The amount of the deal is $20 billion. Payment will be made in cash and shares of Adobe in a 50/50 ratio. The deal is scheduled to close in 2023.

Cherkizovo Group

Cherkizovo Agro Holding has built six new poultry houses at Altai Broiler. Investments in the project amounted to ₽1.8 billion. Commissioning of new poultry houses will increase production volumes by almost 20%. At the moment the capacities of Altai Broiler allow to produce 73 thousand tons of products in live weight. Next month the company will also launch...

KAMAZ

Automobile Concern Kamaz has handed over the KAMAZ-6282 electric bus to Volgograd for test operation on the city streets. Within a month the electric bus will operate on various routes of the city public transport so that the residents of all districts could test the novelty. During this period, the municipality will accept feedback from Volgograd citizens t...