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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  United Company RUSAL Plc    486   JE00B5BCW814

UNITED COMPANY RUSAL PLC

(486)
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United Rusal : Aluminium wiring returns to the Russian market

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11/15/2017 | 08:20am EDT

Moscow, November 15, 2017 - UC RUSAL (SEHK: 486, Euronext: RUSAL/RUAL, Moscow Exchange: RUAL), a leading global aluminium producer, is pleased to announce that aluminium alloys 8030 and 8176 have been successfully approved by Russian authorities for the use in electrical wiring applications. This approval opens up new market opportunities for aluminium.

The Ministry of Energy of the Russian Federation has approved the order that regulates construction of electrical installations and permits the use of aluminum wiring in buildings and structures.

In 2000, due to the outdated technical specification of electrical wiring, the market regulator imposed a ban on the use of aluminium wiring in the construction of residential and public buildings.

Having analyzed the long-present international practices in cable production for residential, public and industrial buildings, RUSAL's technical specialists have launched the production of 8030 and 8176 alloys at the Kandalaksha and Irkutsk aluminium smelters.

These alloys are subsequently widely used in electrical wiring production in the United States and China.

The new aluminum wiring has the highest level of fire safety which is obtained through the addition of combustion-resistant polymer insulation that does not contain halogens.

The aluminium wiring, manufactured by Irkutskkabel and Kamskiye Cable, has undergone extensive testing in accordance with the current testing methods. Experts from RosElectromontazh Association and the Russian Ministry of Emergency Situations Research Institute were involved in the evaluation process of the reliability tests.

The cables with the power core made of aluminium alloys 8030 and 8176 have a number of significant advantages in comparison with copper peers, among them being its more favorable price, lower weight and increased flexibility.

Aluminium and its alloys are used in electrical engineering worldwide. The permit received from regulator is a major breakthrough for Russian producers of aluminum wiring on the domestic market and in the CIS countries.


United Company RUSAL plc published this content on 15 November 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 15 November 2017 12:19:02 UTC.


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Sales 2020 8 895 M - -
Net income 2020 781 M - -
Net Debt 2020 6 131 M - -
P/E ratio 2020 7,76x
Yield 2020 1,41%
Capitalization 6 097 M 6 097 M -
EV / Sales 2020 1,37x
EV / Sales 2021 1,18x
Nbr of Employees 52 611
Free-Float 9,92%
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Evgeny Nikitin Chief Executive Officer & Executive Director
Bernard Zonneveld Chairman
Victor Mann Technical Director
Oi-Sie Leung Independent Non-Executive Director
Dmitry Valeryevich Vasiliev Independent Non-Executive Director
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