Rautaruukki reorganizes operations in Russia
Finnish steelmaker Rautaruukki's
construction solutions division announced that it is reorganizing its operations in
Russia. The lease of Taldom plant near Moscow will run out in February 2004. Accordingly, the company will stop
production at Taldom. This closure is going to affect 44 employees.
Company officials expressed that
production at Taldom will be compensated partially by
production at St Petersburg plant and also by reinforcing retail sales in
Russia. The company is also seeking for alternative plants in Moscow for
production.