Chelyabinsk
Economy

Chelyabinsk is one of the major industrial centers of Russia. Heavy industries, especially metallurgy and military production are predominant in the area, notably the Chelyabinsk Metallurgical Combinate (CMK, ChMK), owned by the mining corporation Mechel. Other important industries include Chelyabinsk Tractor Plant (CTZ, ChTZ), Chelyabinsk Electrode Plant (ChEZ), the machine part-producing Chelyabinsk Forge-and-Press Plant (ChKPZ), the crane-producing Chelyabinsk Mechanical Plant (ChMZ), and Chelyabinsk Tube Rolling Plant (ChTPZ), which is included in the "Big Eight" of pipe producers in Russia, and produces large-diameter pipes for use in pipelines. Chelyabinsk Zinc Plant, owned by the Ural Mining and Metallurgical Company, produces about 2% of the world's zinc supply and over 60% of the Russian supply. Kolyuschenko Road Machinery Plant produces construction machinery and dump trucks for the American manufacturer Terex.

Molnija Watch Factory produces pocket watches, as well as technical watches for use in aircraft and ships. In 1980, Molnija watches were given as gifts to participants of the Moscow Olympic Games.

The agro-industrial company Makfa, the largest producer of pasta in Russia, and one of the five largest producers in the world, is based in Chelyabinsk. The largest manufacturer of footwear in Russia, Unichel Footwear Firm, owns a factory in Chelyabinsk. Chelyabinsk is also home to the agricultural firm Ariant, which leads in the production of beverages and meat products in the Urals Federal District of Russia. The American corporation Emerson Electric owns part of the local company Metran, as well as a factory for the production of industrial equipment.

Following the dissolution of the Soviet Union, Chelyabinsk has had a significant role in other sectors of the Russian economy, hosting insurance firms, logistics centers, tourism, And important regional banking firms, such as Chelindbank and Chelyabinvestbank.

There are several large shopping malls. The largest of them are Gorky (English: Hills), built in 2007 with an area of 55,000 square metres (590,000 sq ft), and Rodnik (English: Spring) built in 2011 with an area 135,000 square metres (1,450,000 sq ft)). At least two more are under construction: Almaz (English: Diamond), and Cloud, beginning construction in 2015 and 2018, with planned areas of 220,000 and 350,000 square metres (2,400,000 and 3,800,000 sq ft), respectively.
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