At the annual meeting of shareholders Vyksa Metallurgical Plant (OJSC VMZ, a member of the JSC OMC) approved the annual report and annual accounts (including the Statement of Operations), Society for the year 2008.

According to reports, sales of OJSC VMZ (minus the obligatory payments) in 2008 amounted to 73.1 billion 104 million 413 thousand (in 2007 - 73 billion 108 million 896tys.) rubles. 80.3% of the proceeds provided the tube, 19.2% - kolesoprokatnoe production.

Gross margin amounted to 21.2 billion factory rubles to 24.3 billion rubles in 2007, profits from sales - 13, 6 billion rubles to 16 billion rubles in 2007. Profit before tax amounted to 7.9 billion rubles, while in 2007, -14, 6 billion rubles. The net profit of OJSC VMZ in 2008, declined and was 5.9 billion rubles to 10.9 billion rubles in 2007.

In 2008 OJSC VMZ produced 1395.2 thousand tons of pipes (81.7% to the level of 2007), including 735 tons of large diameter pipes (77.8%), 783.3 Thousands of pieces of railroad wheels (95.4%) and 483.3 thousand tons of steel wheelbase (105.8%). The volume of commodity output in monetary terms amounted to 72.9 billion rubles (in 2007 - 72.5 billion rubles).

Shareholders' meeting decided to allocate part of the net profit for the year 2008 through the calculation and payment of dividends in the amount of 1746 rubles per common share nominal value of 200 rubles.

Also, shareholders elected a new board of directors of OJSC VMZ of 9 people, which included Vice President and Deputy Chairman of CJSC OMK Natalia Eremina, executive director of OAO VMZ, member of Board of CJSC OMK Vladimir Kochetkov, President and Chairman of the JSC OMC Vladimir Markin, Chairman of the Board of Directors of CJSC OMK Anatoly Sedykh, vice-president and member of the Board of JSC OMC Edward Stepantsov, Head of Internal Audit CJSC OMK Tsapina Jeanne, Vice - President and member of the Board of JSC OMC Dmitry Chernyshev, a member of the Board of Directors of CJSC OMK Evgeni Shevelev, Director of Economics and Finance, Member of the Board of CJSC OMK Julia Shhiyants.

auditor of OAO VMZ in 2009 approved Ltd. The financial and accounting consultants (Moscow).

In addition, shareholders elected the Audit Commission and approved a series of transactions, of which there is interest.
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