OREANDA-NEWS. On 07 June 2008 was announced, that Chusovoy Metallurgical Works (CMW, Perm Territory), part of United Metallurgical Company (OMK) has held its Annual General Meeting.

At the Meeting, the CMW Annual Report for 2007 was presented. In 2007, the financial and economic performance of the Company was noted for stability. The 2007 revenue reached 11,272,943 thousand rubles, which by 913,667 thousand rubles exceeded the 2006 figure (10,359,276 thousand rubles). In 2007, CMW's net profit increased by 19,261 thousand rubles and accounted for 486,153 thousand rubles (as compared with 466,892 thousand rubles in 2006).

The Annual General Meeting approved the CMW Annual Report for 2007, the Annual Financial Statements and the Profit and Loss Statement for 2007.

The shareholders elected the following members of the CMW Board of Directors: Valery Anisimov, Natalya Yeryomina, Anatoly Karpov, Vladimir Markin, Anatoly Sedykh, Yevgeny Shevelev, and Yulia Shkhiyants.

The CMW Internal Audit Commission, as elected by the Meeting, comprises the following three   members: Yelena Ivanina, Natalya Oleynik, and Marina Shichkina.

The independent auditor elected for CMW by the shareholders is Tsentr Bukhgaltera i Audita ("Center for Accounting and Auditing").

The Annual General Meeting approved the restated Articles of Association of CMW.

In addition, several related party transactions were approved.