Russia`s MAIR buys Swiss metals trader Centramet
MOSCOW. March 9 (Interfax) - The MAIR industrial group - one of the biggest players on Russia's scrap metals
market - will announce the acquisition of Swiss metals trader Centramet in May, Viktor Makushin, MAIR's president,
told a press conference.
Makushin did not say how much the deal would be worth, only that Centramet was one of Europe's biggest metal
traders.
Makushin also said MAIR planned this year to form a joint venture with Beckers - Europe's biggest paint
producer. He said the Zagorsk Paint Factory near Moscow would host the joint venture, which would produce 2,000-3,000
tonnes of coil-coating paint and control 30%-40% of the Russian market for this product. Planned output growth at the
paint factory is 30%-50% in 2004.
Makushin also said MAIR offloaded some non-core assets from other sectors, including the Bashkirsky Biochemicals
Combine, Kalinin Rubber Factory and Truboplast works in the Kursk region in 2003 because they could not bring the group
future benefit. [RU ASIA EUROPE EEU EMRG ECI MAC CH MET MRG] pr <>
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