Chelyabinsk Zinc Plant boosts 2015 investment program 32% to 2.24 bln rubles
MOSCOW. March 5 (Interfax) - Directors at Chelyabinsk Zinc Plant (CZP) approved a 2015 investment program of 2.24 billion rubles at a meeting on March 4, the company said in a statement.
The company will invest 1.77 billion rubles of this in CZP's development.
The 2014 investment program was 1.68 billion rubles, of which 1.45 billion rubles was spent on CZP's development.
The 2015 program will be 32% higher than the 2014 program.
The board also nominated four new candidates for election at this year's AGM: Pavel Izbrekht, the CEO, who took up office at the end of last year; Yury Kachuro, partner at UCP; Vladimir Shvedov and Viktoria Lazareva.
The board has seven directors. The other candidates serve on the current board: Ural State Law Academy rector Vladimir Bublik; CJSC Skat-Reil CEO Igor Myskin; Ural Federal University President Stanislav Naboichenko; former CZP general director and current UMMC technical director Andrei Panshin; LLC UMMC Holding corporate relations and special projects director Oleg Melyukhov; Alexander Koval, member of the board of directors at Uralmash Oil and Gas Equipment Holding; and UCP partner Mikhail Trofimov.