Corporate Wire
Official announcements and statements from companies.
Gazprom Armenia Resumes Gas Supplies via the North Caucasus–Transcaucasia Pipeline After Scheduled Maintenance
Natural gas deliveries to Armenia restarted on September 25, 2026, after a planned maintenance window on the trunk pipeline in Russia; consumers stayed supplied through domestic reserves and Iranian imports under the gas-for-electricity exchange.
Samsung Electronics Posts Record Q3 2025 Chip Results as Net Profit Jumps 21 Percent
On October 30, 2025, Samsung Electronics Co. reported third-quarter net profit of 12.22 trillion won (US$8.6 billion), up 21 percent on-year, as the semiconductor division posted a record 7 trillion won in operating profit on strong HBM memory demand amid the AI boom.
SK hynix Begins Mass Production of HBM3E, the World's First Fifth-Generation High Bandwidth Memory for AI
On March 19, 2024, South Korean chipmaker SK hynix started volume production of HBM3E, becoming the world's first provider of the fifth-generation high bandwidth memory built from the best-performing DRAM chips and deepening its role in the AI semiconductor supply chain behind Nvidia's accelerators.
QNB Group Reports H1 2026 Results: Net Profit Rises 3% to QR8.7 Billion Amid Landmark Bond Issuance
Qatar's largest banking group posted net profit of QR8.7 billion for the six months ended June 30, 2026, up 3% year-on-year, with operating income up 11% to QR24.1 billion, capital adequacy at 19.8% and a landmark QR1.0 billion bond issuance to international investors.
Circle Internet Group Raises $222 Million in Arc Token Presale at $3 Billion Network Valuation
On May 11, 2026, Circle Internet Group, the issuer of the USDC stablecoin, closed a $222 million presale of Arc, the native token of its new institutional-finance blockchain, at a fully diluted network valuation of $3 billion, with a16z crypto leading the round with a $75 million investment.
Rusal to Launch Pilot Scandium Oxide Production From Red Mud at Bogoslovsky Smelter by End of 2025
On February 27, 2025, Rusal announced plans to commission a pilot facility producing 1.55 tonnes of scandium oxide per year at its Bogoslovsky Aluminium Smelter in Krasnoturyinsk, Sverdlovsk Region, by the end of 2025, with investment of about 500 million roubles and a possible scale-up to 19 tonnes a year.
PT HLI Green Power Opens Southeast Asia's First and Largest EV Battery Cell Factory in Karawang, West Java
On July 3, 2024, PT HLI Green Power — the Indonesian joint venture led by Hyundai Motor Group and LG Energy Solution — inaugurated its electric vehicle battery cell factory in Karawang, West Java, described as the first and largest of its kind in Southeast Asia and a Rp160 trillion (around US$9.77 billion) step in Indonesia's drive to join the global EV supply chain.
Sovcombank Plans Profit Growth in 2025 Above the 77 Billion Rouble Result of 2024
On March 14, 2025, Sovcombank managing director Andrei Osnos said at a conference call that the bank plans to increase its profit in 2025 above the 77 billion roubles of IFRS net profit recorded in 2024 (down 19% from 95 billion roubles in 2023). The result will depend on the key rate (21% at the time of the call), the cost of funding and the securities market; the cost of risk is expected near the 2024 level of 2.6% and loan portfolio growth within 10%.
Turkish Airlines Announces Q3 2024 Results: $1.5 Billion Net Profit, 24.5 Million Passengers and a 47% Surge in Cargo Revenue
On November 5, 2024, Türkiye's national flag carrier Turkish Airlines reported third-quarter net profit of $1.5 billion on revenues of $6.6 billion, carried 24.5 million passengers, grew cargo revenues 47% year on year and expanded its fleet to 467 aircraft despite industry-wide production bottlenecks and engine problems.
HD KSOE Wins 2.1 Trillion Won in Orders for Eight Vessels as 2026 Tally Reaches $10.81 Billion
On May 8, 2026, HD Korea Shipbuilding & Offshore Engineering Co. (HD KSOE), the shipbuilding sub-holding of HD Hyundai, announced contracts worth a combined 2.1 trillion won (US$1.4 billion) for six container ships and two very large gas carriers, lifting its year-to-date order tally to US$10.81 billion across 94 ships — 46.4 percent of the annual target.
Wildberries and Russ Group Announce Combination to Build a New Digital Commerce Platform Covering More Than 5.8 Billion People
On June 18, 2024, online marketplace Wildberries and outdoor advertising operator Russ Group announced their combination to create a new high-tech digital commerce platform; the combined infrastructure will span a digital media platform, advertising networks, logistics hubs and warehouses across Russia, the CIS and Global South markets covering more than 5.8 billion people.
Tata Motors Launches the All-Electric Harrier.ev with a 627-km Range; Bookings Open July 2
On June 3, 2025, Tata Motors officially launched the Harrier.ev, the all-electric variant of its popular SUV, with an introductory starting price of ₹21.49 lakh (per Autocar India) and nationwide bookings opening July 2, 2025. The MIDC-certified range reaches 627 km, fast charging adds up to 250 km in 15 minutes, and the dual-motor QWD version accelerates from 0 to 100 km/h in 6.3 seconds. The launch follows a record CY2024 with 600,915 vehicles sold.
Severstal Starts Building a 10 Million Tonne Iron Ore Pellet Plant in Cherepovets
On September 24, 2024, Severstal announced the start of construction of an iron ore pellet plant with a capacity of 10 million tonnes per year at its Cherepovets site. The project, formalised by a SPIC 2.0 special investment contract signed in June 2024 and reported to cost about 97 billion roubles, is to be commissioned in 2026; it will supply the Cherepovets Steel Mill's blast furnaces with own pellets, raise their productivity by 9% and cut greenhouse gas emissions by more than 2 million tonnes a year.
Saritas Launches an Integrated Stainless Steel Investment in Yalova: 800,000 Tons a Year and 1,200 Jobs by 2030
Turkish stainless steel producer Saritas Celik Sanayi has launched a major investment in an integrated facility in the Machinery Specialized OSB in Yalova, western Türkiye. The four-phase project reaches full capacity in 2030 with 800,000 tons of annual output and 1,200 jobs; the first two cold-rolling phases are slated for 2027 with 400,000 tons and 500 jobs. The plant integrates melting, hot and cold rolling with energy-efficiency and recycling targets and complements the company's existing 750,000-ton Gebze processing center.
AGR Holding Launches Tenet A8 Sedan Production at Former General Motors Plant in St. Petersburg
On July 21, 2026, AGR Holding and China's Defetoo began producing the Tenet A8 sedan at the former General Motors plant in Shushary, St. Petersburg, expanding the site's programme to three Russian brands — Jeland, Esteo and Tenet — with capacity of 100,000 vehicles a year after full ramp-up.
Kamaz Launches Presales of Atom, Billed as Russia's First Mass-Produced Electric Car
On December 12, 2025, Kamaz presented a special presale program for the Atom electric car at its board meeting in Naberezhnye Chelny. Pre-series assembly of the vehicle, built on a dedicated platform with Russian-developed batteries and software, began in late November at the Moskvich plant; mass production is now scheduled for 2026.
VTB Posts Record 432.2 Billion Roubles of IFRS Net Profit for 2023 as Fourth-Quarter Result Falls 35%
On February 20, 2024, VTB published IFRS results showing a record full-year 2023 net profit of 432.2 billion roubles, in line with management guidance, while fourth-quarter profit fell 35% quarter-on-quarter to 56 billion roubles on higher provisioning, including 34 billion roubles against loans to foreign subsidiaries affected by the January decree on type C accounts.
Roslavl Railcar Plant to Supply Georgian Railway With 200 Freight Railcars Under a $9.6 Million Direct Contract
On September 23, 2026, procurement data published by the Georgian State Procurement Agency showed that state enterprise Georgian Railway will buy 200 new freight railcars from Russia's JSC Roslavl Railcar Repair Plant (Smolensk region) through direct procurement for $9.6 million excluding VAT, with delivery within 60 calendar days of signing. The order follows four unsuccessful tenders in 2023-2026 and forms an early tranche of Georgia's $1.7 billion railway modernization program running until 2036.
Saudi Aramco Completes $6 Billion International Bond Issuance, Its First in Three Years
On July 18, 2024, Saudi Aramco, the world's biggest oil-producing company, completed a $6 billion US dollar-denominated international bond issuance — its first debt market return in three years — after peak orders above $33 billion, more than six times the initial $5 billion target; the three $2 billion tranches mature in 10, 30 and 40 years and are listed on the London Stock Exchange.
Rosseti's 2025 Investment Program for Distribution and Trunk Grids to Reach Around 700 Billion Rubles
On September 9, 2025, at the Eastern Economic Forum in Vladivostok, Rosseti CEO Andrei Ryumin told Interfax that the company's 2025 investment program for the distribution and trunk systems will amount to around 700 billion rubles, with funding sources in place; the program was revised from an initial 760 billion rubles because of high interest rates, yet is still expected to exceed the 2024 level and preserve the five-year trend of investment growth.
QatarEnergy and ExxonMobil's Golden Pass LNG Achieves First LNG Production in Texas
Golden Pass LNG, the QatarEnergy (70%) and ExxonMobil (30%) joint venture, has achieved first LNG production from the first of three trains of its 18 million tonnes per annum export project at Sabine Pass, Texas, clearing the way for a first cargo and global exports expected in the second quarter of 2026.
MTS Bank Announces Plans for an IPO on the Moscow Exchange
On April 12, 2024, MTS Bank announced plans for an initial public offering of its common shares on the Moscow Exchange. The new issue of up to 7,187,042 shares with a par value of 500 rubles can raise the bank's charter capital by 3.593 billion rubles to 18.6 billion rubles — about 19.3% of the increased capital. Majority shareholder MTS is not selling shares and will keep a majority stake; the deal includes a 180-day lock-up and a stabilization mechanism of up to 30 days. Proceeds will fund the retail growth strategy: in the medium term the bank aims to double its loan portfolio and client base to 8 million active clients and gradually raise return on equity to 30%.
LG Electronics Q2 2026 Net Income Jumps Nearly 30 Percent to 781.3 Billion Won on Premium Appliance Sales
On July 30, 2026, LG Electronics Inc. reported second-quarter net income of 781.3 billion won (US$542.4 million), up 28.1 percent year on year, with operating profit of 1.57 trillion won and sales of 23.82 trillion won, up 14.9 percent, driven by premium home appliances, televisions, event-driven demand and its vehicle components business.
Sunway Construction Wins RM1.04 Billion MEP Fit-Out Contracts From US Technology Multinational, Lifting FY2027 Order Book to RM6.85 Billion
On Aug 21, 2026, Sunway Construction Group Bhd said in a bourse filing that it secured RM1.04 billion of mechanical, electrical and plumbing fit-out orders for two projects of an unnamed US-based multinational technology company; works start immediately and run to March 2028, lifting FY2027 new order wins to RM6.85 billion.
JPMorgan Chase Reports Q2 2025 Results: Net Income of $14.9 Billion as Trading and Investment Banking Beat Estimates
JPMorgan Chase, the largest U.S. bank by several measures including assets and deposits, reported second-quarter 2025 results on July 15, 2025: earnings of $5.24 a share on revenue of $45.68 billion topped analyst estimates, with fixed income trading revenue up 14% to $5.7 billion, investment banking fees up 7% to $2.5 billion and full-year net interest income guidance raised to roughly $95.5 billion.
SIBUR Nearly Doubles Its 2024 Investment Programme to 440 Billion Rubles
On December 27, 2024, SIBUR CEO Mikhail Karisalov said the company's 2024 investments exceeded the plan and reached 440 billion rubles, almost double the 2023 level, while the initial budget assumed a 1.7-1.8 times increase. He described the high key rate as manageable for SIBUR today but a possible future constraint on consumer sectors, noted 6% average annual growth of the Russian polymer industry over five years, 75%-76% domestic revenue share, exports to the Asia-Pacific, the Middle East and North Africa, and a goal to place the company in the middle of the global top ten synthetic materials producers with capacity doubling versus 2021.
AvtoVAZ Starts Industrial Production of the Lada Iskra in Togliatti: 40 Billion Rubles of Investment and Capacity of Up to 150,000 Cars a Year
Russian carmaker AvtoVAZ has launched industrial production of the new Lada Iskra model family at its Togliatti plant, with sales scheduled from July 20, 2025. The launch was timed to the 55th anniversary of the first VAZ-2101 and is backed by about 40 billion rubles of investment, a new welding line with 17 automated complexes and 112 robots, localization above 90% and production capacity of up to 150,000 cars a year.
TechnoNicol to Build Third Stone-Wool Insulation Plant in Rostov Region With 7.5 Billion Ruble Investment
On January 22, 2024, building materials manufacturer TechnoNicol announced plans to start building its third plant in Rostov Region in 2024 to produce thermal and acoustic stone-wool insulation, with investment of 7.5 billion rubles (over 1.8 billion in 2024) and an opening scheduled for 2026.
ADNOC Launches Industrial Resilience Programme Backed by Dh200 Billion in 2026–2028 Contracts to Put UAE-Made Products First
On May 5, 2026, Abu Dhabi National Oil Company (ADNOC) launched the Industrial Resilience Programme at the Make it in the Emirates forum, requiring its EPC contractors to prioritise locally manufactured products across its project pipeline. The programme is backed by Dh200 billion ($55 billion) in contract awards set aside for 2026–2028 — the first major tranche of the $150 billion five-year capex plan approved in November 2025 — and builds on the ICV initiative that has generated Dh80 billion in local manufacturing agreements since 2022.
Poliplast Group to Launch Russia's First Epoxy Resin Production at Its Khrompik Facility in Pervouralsk
Poliplast Group is expanding its Khrompik chemical facility in Pervouralsk under a programme worth more than 60 billion rubles and plans to start Russia's first domestic epoxy resin production by early 2026 with Industry and Trade Ministry support.
Bharti Airtel Posts 168% Profit Jump in Q2 FY2025 After Industry Tariff Reset
India's No. 2 wireless carrier reported consolidated net profit of Rs 3,593 crore ($427.49 million) for the July–September quarter, up 168% year on year, as the first industry tariff hike since 2021 lifted ARPU to Rs 233.
Alfa-Bank Posts RUB 118.7 Billion IFRS Net Profit for H1 2025, Up 41% Year on Year
Alfa-Bank's first interim IFRS report since 2021 shows net profit of RUB 118.7 billion for H1 2025, up 41% year on year, with net interest income rising 36% to RUB 306.4 billion.
Ma'aden and Aramco to Form a Joint Venture Exploring Copper and Transition Minerals Across 10% of Saudi Arabia
On Aug 18, 2026, Saudi Aramco and Ma'aden agreed to establish a joint venture — 51 percent Ma'aden, 49 percent Aramco — to explore copper and other minerals critical to the energy transition in Zone-4 (the Transition Zone) of the Arabian Platform, an area of about 182,000 sq. kilometers, nearly 10 percent of Saudi Arabia's total land area; the project combines Aramco's 90 years of geological data with Ma'aden's exploration expertise and supports the Vision 2030 goal of lifting mining's contribution to GDP to SR240 billion.
Korean Air Finalizes US$44.8 Billion Agreements for 103 Boeing Aircraft and GE/CFM Engines, Completing the Plan Announced in Washington in August 2025
On September 16, 2026, Korean Air Co. said it finalized agreements worth about 60 trillion won (US$44.8 billion): $36.2 billion for 103 Boeing aircraft — 20 777-9s, 25 787-10s, 50 737-10s and eight 777-8F freighters — plus about $8.6 billion with GE Aerospace and CFM International for 21 spare engines and 15-year engine maintenance covering 28 aircraft. The Seoul signing ceremony on September 15, 2026 completed the procurement plan announced in Washington, D.C., in August 2025 and supports capacity growth ahead of the planned Asiana Airlines integration in December.
BYD Signs $1 Billion Deal to Build 150,000-Unit EV Plant and R&D Center in Türkiye
The world's largest electric vehicle producer agreed with Türkiye's Industry and Technology Ministry to build a 150,000-unit-a-year plant and a mobility and R&D center, creating 5,000 direct jobs, with production targeted for the end of 2026.
Mawarid Turbine Launches First Phase of $200 Million Wind Turbine Factory in Oman's Duqm Zone
Mawarid Turbine Company launched the first phase of its wind turbine factory in the Special Economic Zone at Duqm in Oman on 13 April 2025. Investment is expected to exceed $200 million, annual capacity is up to 1,000 MW, commercial operations are scheduled for 2026, and agreements were signed with Shanghai Electric Wind Power Group, CID (Gulf) and OQ Group.
Uralkali Accelerates Investment Programme as Annual Capex Tops $550 Million on New Perm Krai Mines
Potash producer Uralkali accelerated its investment programme after 2022, with annual capex exceeding $550 million — $563 million in 2023 and $568 million in 2022, a historical maximum against no more than $380 million a year in 2014–2020 — as it commissioned new mine facilities and expanded capacity in Perm Krai, according to the company's annual report cited by Interfax on May 23, 2024.
Rosneft Expands Vostok Oil Perimeter to 60 Licensed Areas as Resource Base Reaches 7 Billion Tonnes
On March 20, 2025, Interfax reported that Rosneft had expanded the perimeter of its Vostok Oil project on the Taymyr Peninsula from 52 to 60 licensed areas in 2024, raising the resource base to 7 billion tonnes of oil under the Russian classification. Production at the new Arctic oil province may reach 100 million tonnes per year, with the first phase scheduled for 2026.
Toyota Nearly Doubles Fiscal First-Quarter Net Profit to ¥1.48 Trillion on Cheap Yen and Hybrid Demand
On August 4, 2026, Toyota Motor Corp. reported fiscal first-quarter net profit of 1.48 trillion yen ($9.4 billion), nearly double the year-earlier 841 billion yen, as solid hybrid demand in the U.S. and India and a cheap yen lifted results; the automaker projects 3.25 trillion yen ($20.6 billion) of net profit for the full fiscal year through March 2027.
Lukoil-West Siberia, EKTO and Polyplastic Group Establish Kogalym Polymer Pipe Plant to Produce 500 km of Oilfield Pipes a Year
Kogalym Polymer Pipe Plant LLC, registered on 16 December 2024 by EKTO LLC, Lukoil-West Siberia LLC and Polyplastic Group LLC, will produce flexible polymer-reinforced Polyfibron pipes for the oil and gas industry with a design capacity of 500 km a year; launch is set for 2026 and investment at up to 4 billion rubles.
Emirates NBD Issues Its First $1 Billion Blue-Green Bond to Fund Marine and Energy Transition Projects
Emirates NBD, Dubai’s biggest bank by assets, issued its first $1 billion blue-green bond: a dual-tranche deal under its Euro Medium-Term Note programme combining a three-year $300 million blue tranche — the largest blue bond issued in the UAE and the Gulf — with a five-year $700 million green tranche.
Coinbase to Acquire Deribit for $2.9 Billion in the Crypto Industry's Largest Deal
Coinbase, the largest U.S. crypto exchange, announced a $2.9 billion acquisition of derivatives platform Deribit — the biggest crypto industry deal to date — alongside weaker first-quarter 2025 results, saying the purchase will immediately enhance profitability and diversify trading revenues.
Rosatom Pours First Concrete at Unit 4 of Egypt's El Dabaa Nuclear Power Plant
Russia's Rosatom poured first concrete for the fourth power unit of Egypt's El Dabaa nuclear power plant on 23 January 2024, placing all four VVER-1200 units of the country's first nuclear station under construction, with completion expected in 2028–2029.
L&T Wins Order Worth Up to ₹5,000 Crore to Build the Driverless People Mover System at Dubai's Al Maktoum International Airport
L&T's transportation infrastructure vertical, in a consortium with Japan's Mitsubishi Heavy Industries, will turnkey-deliver a fully integrated Automated People Mover system for Phase 1 of Al Maktoum International Airport — a key component of the expansion programme designed to create the world's largest airport.
Miratorg Opens Seed Potato Center and 81,000-Tonne Storage Complex in Oryol Region to Supply Its GrandFries French-Fries Plant for Vkusno — i tochka
On September 22, 2025, agricultural holding Miratorg opened a breeding and seed center with potato storage in the village of Beldyazhki, Oryol Region, the key element of a vertically integrated project to supply its GrandFries french-fries plant (350,000 tonnes of raw material a year) being built in Mtsensky district. Investment exceeded 3 billion rubles, total storage capacity reached 81,000 tonnes, 160 new jobs will be created, and from autumn 2026 the Vkusno — i tochka chain is set to receive 120,000 tonnes of Russian-made fries a year.
Robinhood Brings Crypto Transfers to Europe: More Than 20 Digital Assets Open for Self-Custody
On October 1, 2024, Robinhood Markets announced that EU customers can deposit and withdraw more than 20 cryptocurrencies, including bitcoin, ethereum, solana and USDC, unlocking self-custody in Europe as the company pushes its international expansion and the pending $200 million Bitstamp acquisition.
T-Technologies Posts 32% Operating Profit Growth for H1 2026 and Recommends RUB 4.7 per Share Dividend
MKPAO T-Technologies, the holding company of T-Bank, reported IFRS results for Q2 and H1 2026 on August 11: operating net profit rose 25% year-on-year to RUB 52.1 billion in the quarter and 32% to RUB 98.6 billion for the half-year, net revenue reached RUB 414.2 billion, and the board recommended a dividend of RUB 4.7 per share.
Genentech breaks ground on its Hillsboro expansion
Genentech breaks ground on its Hillsboro expansion