Chelyabinsk Zinc Plant will increase the production of zinc

"Chelyabinsk Zinc Plant" in 2011 to expand production of zinc and zinc alloys up to 160 thousand tons. This was stated by the company.

It is expected that at least half of CZP sells products on the Russian market, and the rest will be shipped under the contract tolling processing.

In order to further increase the production of the Board of Directors decided to increase the company's investment program for the next year to 1.25 billion rubles. In this case, 915 million rubles. will focus on the development of CZP.

Recall that the company is in the III quarter of 2010 a net profit of 290.5 million rubles. This represents a 0.3% increase compared to the previous quarter. In turn, the proceeds of CZP in a given period amounted to 2.42 billion rubles., Up 4% compared with the II quarter.

"Chelyabinsk Zinc Plant" is the largest Russian producer of zinc metal. In 2009 it produced 119.931 tons of commercial zinc (all the produced zinc match the quality SHG).

Ordinary shares of JSC "CZP" are traded on the stock exchanges RTS and MICEX exchanges under ticker CHZN, Global Depository Receipts are traded on the London Stock Exchange under the ticker symbol CHZN.

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