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17.09.2009   General news

Factory resumes operatons

Источник: Donetsk News

The A1 company, which is an investment division of the Russian consortium Alfa Group, has started up the main production capacities of the Donetsk Electrometallurgical Plant (DEMZ).

When representatives of Alfa Group arrived in Donetsk to look at their new acquisition, they saw a factory which was at a total standstill. “This picture surprised us, and we decided to regain the lost market position of DEMZ,” said Alexander Babikov, A1’s Managing Director, who is also Chairman of the DEMZ Supervisory Board. “The necessary foundation is there. On the one hand, DEMZ is one of the best companies in Europe, in 2001 its modernization was completed, and now it has state-of-the-art machinery. On the other hand, we have successful experience with metalworks projects in Russia. And finally, we are an investment company interested in maximizing the factory’s value, so it should be operating successfully.”