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Ural Metal and Mining Company (UMMC), a Russian vertically integrated producer of semi fabricated products, has said that it will continue its investment projects in semi-finished copper and copper alloy products despite a 6% y-o-y Jan-July decline in rolled demand this year. The company broke this figure down into its constituent segments: demand for copper pipes fell by 18% y-o-y and flat rolled products sales dropped 8% y-o-y in Jan-July. UMMC currently sells between 58,000-62,000t of rolled products per annum through its Kirov (flat rolled), Revda (flat rolled), Kolchugtsvetmet (tubes) and Majdanpek (tubes) operations. UMMC will complete its delayed 4-year investment strategy in 2013 with an upgrade of machinery at its Kolchugtsvetmet operation.

Gaisky GOK, a subsidiary of UMMC, the Russian miner and producer of copper semis, announced on 26th November that its net revenue for the first nine months of the year increased by 6.89% to RUB12.28B (US$395M). However, the company's net profit fell by 6.4%, to RUB2.53B (US$81M) in the same period compared to a year before. Gaisky GOK is based at the Gaisky field and controls three quarters of the copper reserves in the Orenbursky region of Russia. UMMC manufactures semis products from its Kirov non-ferrous plant and recently acquired a new round rolled production line from German company TUF-CERT according to its website.