SKRIN, 2004
SKRIN market and corporate news
April 19, 2004
Volgaburmash gains all stocks of Nairit in trust
JSC Volgaburmash, a drilling bits producer controlled by Samara
businessmen Andrey Ischuk, gained in trust all stocks of
Armenia-based ZAO Nairit, an artificial rubber and molds producer,
whose stocks were held by Armsvyazbank. JSC Volgaburmash controls 3
drilling bits plants in Russia and Ukraine, 11 enterprises producing
mineral wool insulation (10 of which are affiliated to Moscow-based
Thermosteps), 11 building and assembly departments. In 2003 the
holding’s consolidated turnover was $ 200mln, Vedomosti said.