Russia: Izhstal sales up in 2019

In 2019 Izhstal sold some 48 thousand tons of metal products to car manufacturers, up by 11% YoY. The main customers were GAZ, UAZ, MAZ, Minsk Tractor Works and Kamaz. “The share of car manufacturers in our sales exceeds 19%. We value our partner relations with them and are prepared to enhance them”, Izhstal sales…


Russia: MMK increases efficiency of innovative activity

In 2019, the economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to 585.4 million rubles, up by 29% YoY. The importance of innovation in today’s global industry determines the need for companies to pay special attention to the development of rationalization and invention. In this regard, rationalization activities are…