Russian metal wares manufacturers are currently operating with much underloaded capacities. MMK-Metiz has also been affected. The weak points of Russian companies are narrow product range in terms of sizes and the outdate machinery. The MMK-Metiz modernization program for 2017-2020 is intended to solve these problems. In particular, the company plans to create a highly…
In April-June MMK-Metiz received 260.7 million rubles of net profit, up 1.7-fold QoQ. In January-June net profit dropped by 40% YoY, to 413.42 million rubles. In 6 months the company received 11.513 billion rubles of revenue, up by 20% YoY. In Q2 the works sold 6.13 billion rubles worth of products, up by 14% QoQ.…
MMK-Metiz has successfully passed the inspection for the correspondence to three international standards, two of which regulated quality management control and the third – the environment management control. In particular, the standards are IATF 16049:2016 (quality management system for car manufacturers), ISO 9001:2015 (quality management system) and ISO 14001:2015 (environment management system). The company has…
MMK-Metiz has commissioned a new machine to produce ropes and wire. The first stage of the machine will produce high-carbon wire and steel ropes with the total capacity of over 43 thousand tons per year. The cost of the project is 1.5 billion rubles. The second stage will be commissioned in Q4. (Ukrainian metal)
OJSC MMK-Metiz, a part of PJSC Magnitogorsk Iron and Steel Works (MMK) Group, held its annual general meeting of shareholders (AGM). In 2017 MMK-Metiz’s share of the domestic market in Russia grew by 2% YoY, to 352 thousand tons, while export sales grew by 2.8%. The largest Russian metal wares producers that are part of…
MMK-Metiz share on the domestic market in 2017 grew by 2% YoY, to 352 thousand tons. Exports increased by 2.8%. The largest Russian metal wares manufacturers sold 2 million tons of goods, with MMK-Metiz share on the level of 22%. Last year the company sold 435.15 thousand tons of metal wares, with 352 thousand tons…
In 2017 MMK-Metiz increased metal output by 7% YoY, to 437.9 thousand tons. According to the company statement, sales revenue grew by 23.9%, to 20.4 billion rubles. Ordinary wire accounted for 36% of the revenue, ordinary fasteners – 12% and powder wire and ropes – 10% each. (Ukrainian metal)
For three years MMK-Metiz together with the Magnitogorsk State Technical University named after Nosov have been creating import-substituting nanostructured rebar ropes. With the help of the Ministry of education and science subsidy the company has developed and implemented a technique to produce rebar ropes with nanostructure. The rope specifications exceed prEN 10138-3.3, as well as…