Over the first six months of 2016, Russia’s Chepetsky Mechanical Plant (CMP), part of the Fuel Company TVEL, made a net profit of RUB846m ($12.9m), 37.3% above target. “Besides production and sale of nuclear sector and general industry products, the additional profit was achieved by optimizing general economy expenses and the sale of non-related assets,” CMP said on 4 August. Total proceeds during the period were more than RUB5bn, up RUB440m year on year. In 2015 CMP’s net profit was RUB1.98bn and proceeds totalled RUB12.579bn. CMP is a world’s largest producers of zirconium items for the nuclear industry, as well as calcium metal and natural and depleted uranium products. CMP is setting up a metallurgical centre, which will unite all the metallurgical stages of TVEL. Uranium conversion operations have been transferred from CMP to Siberian Chemical Combine.
Over the first six months of 2016, Russia’s Chepetsky Mechanical Plant (CMP), part of the Fuel Company TVEL, made a net profit of RUB846m ($12.9m), 37.3% above target. “Besides production and sale of nuclear sector and general industry products, the additional profit was achieved by optimizing general economy expenses and the sale of non-related assets,” CMP said on 4 August. Total proceeds during the period were more than RUB5bn, up RUB440m year on year. In 2015 CMP’s net profit was RUB1.98bn and proceeds totalled RUB12.579bn. CMP is a world’s largest producers of zirconium items for the nuclear industry, as well as calcium metal and natural and depleted uranium products. CMP is setting up a metallurgical centre, which will unite all the metallurgical stages of TVEL. Uranium conversion operations have been transferred from CMP to Siberian Chemical Combine.