In 2017 MMK-Metiz increased net profits 3.4-fold, to 1.26 billion rubles, In Q4 2017 the company received 170.8 million rubles of profits, down from 393 million rubles in Q3 2017. In Q4 2017 MMK-Metiz sold 5.28 billion rubles worth of metal wares, down by 5% QoQ. Consolidated revenue in 2017 totaled 20.456 billion rubles, up…
MMK-Metiz is going to increase the size of the minimal salary. As of January, the average salary at the works was 46.7 thousand rubles. In 2017 it increased by 8.4%. The company collective agreement, approved last spring, was awarded the second place at the regional competition. (Ukrainian metal)
Magnitogorsk Iron and Steel Works board of directors has approved of the investment program for MMK-Metiz. Capital investments will total 3.8 billion rubles. The program is intended to run through 2020. MMK-Metiz was created in 2003. (Ukrainian metal)
In Q3 MMK-Metiz received 392.7 million rubles of net profit, down by 12% QoQ. In Q3 2016 the net profit was 160 million rubles. In January-September the company received 1.089 billion rubles of net profit. In the corresponding period of 2016 the net profit was only 270 million rubles. In Q3 revenue grew by 6%…
According to the audit of suppliers in Q2 carried out by Tikhvinsky Railroad Car Works, MMK-Metiz became one of the best suppliers. The audit is carried out in correspondence with the Russian Railroads requirements, the company and international standards on supply to control the quality stability and reliability of supplies, as well as decrease and…