Inprom

INPROM was established on February 15,1996.For many years INPROM has been one of the largest Russian metal service networks. The Company annually supplies its customers with hundreds of thousands of tons of carbon and alloyed steel and tubes, produced by nearly every iron and steel works in the CIS countries. INPROM is listed among reliable partners in the federal register of the Russian Chamber of Commerce and Industry. In the all-Russian rating of the largest metal service companies for the 2nd half of the year 2005 INPROM was ranked the 2nd according to the Russian "Metal Bulletin" and the website. In 2005 the Company turnover amounted to 8.2 billion rubles ($ 279 million), having exceeded the analogous figure of the previous year by 25%. As of March 31,2006 the company assets came up to more than 6.683 billion rubles ($ 247.5 million). In the current year the Company turnover will total about 11.443 billion rubles ($ 423 million).INPROM is a public company, which regularly increases transparency of its assets along with investment attractiveness. INPROM top-management promotes a policy of information openness for the investment community and stimulates investors to pay attention to the Company corporate securities. The company MAUER-Audit conducts auditing of the Company statements according to Russian standards and Deloitte&Touche - according to international ones. Production facilities of INPROM Group are estimated by the American Appraisal Company.INPROM fulfills orders of various complexity and content ranging from several kilograms when selling from warehouses to railway supplies to any destination in Russia or neighboring countries. The Company has more than 15000 customers. The clientele includes companies of Building, energy, mining and machine-building industries, the housing and communal services sphere as well as small-scale businesses. INPROM metal service centers are located in the cities of Moscow, St. Petersburg, Nizhniy Novgorod, Rostov-on-Don, Saratov, Krasnodar, Astrakhan, Volgograd, Taganrog, Voronezh, Belgorod, Lipetsk, Vladimir, Ryazan, Bryansk, Kaluga, Tula, Penza, Ulyanovsk, Saransk and Orenburg. The total area of production and storage facilities is estimated to exceed 1 million sq. M. All subsidiaries meet the requirements of the united corporate standard, are distinguished by efficient production infrastructure and storage facilities and equipped with powerful load-lifting equipment and cranes. Service centers are excelled by modern European machines for cutting and bending rolled steel. The Company is able to ship metal products half-finished and in the form of steel billets in accordance with individual customers&＃39; requirements. The centers have immediately available over 500 grades, sizes and shapes of rolled steel and tubes for a total of more than 100 thousand tons. The Company has its fleet of 80 heavy trucks that allows to deliver production Just in time.The Company management adhere to a strategy of evolutionary stable growth, expanding business scales and increasing investment volumes, the latter contributing to a stable development of the company activity on the domestic market. INPROM introduces modern European management standards, exercises experience of its European partners, adopts advanced branch knowledge and innovation techniques to raise labour productivity and increase performance effectiveness. The Company is managed by qualified personnel. Special attention is paid to raising the level of employees&＃39; skills. More than a half of the Managing Company top managers have graduated with honors degrees. Efficiency in work and focusing on the best result are the most characteristic features of the managing staff. INPROM employs about 2000 people. At that, the personnel average age does not exceed 35 years.