Magnitogorsk Iron and Steel Works (MMK) has been named one of the top ten most environmentally responsible metals and mining companies in Russia in 2019, according to a rating compiled by World Wildlife Fund (WWF) Russia and the National Rating Agency. The company ranked particularly high in the environmental impact category, where it shared the…
The Center of Competence RPA and Innovation of MMK-Informservice has received an award from UiPath for the largest project on RPA robotics among production enterprises in Russia. Director for Russian Sales at UiPath Artem Vinogradov presented awards to the Director of MMK-Informservice Vadim Feoktistov and the head of the Center of Competence RPA and Innovation…
International rating agency S&P has improved the outlook for the ratings of Russian steelmaker Novolipetsk Steel (NLMK) and Magnitogorsk Iron and Steel Works (MMK) to Positive from Stable, the agency said in a statement. The ratings were affirmed at BBB-. (Prime/Ukrainian metal)
Magnitogorsk Iron and Steel Works (MMK) has appointed Veronika Kryachko as Head of Investor Relations. Veronika Kryachko brings with her years of experience in the metals, raw materials and financial sectors. Prior to taking up her current job, she held senior positions in investor relations, corporate development and M&A at companies including Uralkali, Rusal and…
Magnitogorsk Iron and Steel Works (MMK), together with Deloitte, has produced a list of MMK’s future digital transformation projects, to be completed by 2025. A thorough selection process resulted in a list of 110 projects in 18 areas of the company’s core business. These will form the basis of MMK’s overall digitalization strategy. MMK’s readiness…
Magnitogorsk Iron and Steel Works (MMK) expects its steel product output growth at 2-3% in 2020, Director for Economy Andrei Yeryomin announced during an investor day. He said that production could decrease in January–June 2020 due to seasonal factors and repairs on the hot rolling mill. Yeryomin also said that MMK could improve the outlook…
Implementation of Magnitogorsk Iron and Steel Works’ (MMK) investment strategy from 2015-2025 should add $686 million to the company’s EBITDA per year. This was announced by MMK’s top management team at the company’s Capital Markets Day held in London on November 15. At the event, MMK’s Chairman of the Board of Directors Viсtor Rashnikov, CEO…
On November 13 the Board of Directors of MMK approved a new version of the company’s dividend policy. In line with the new dividend policy, the Board of Directors of MMK will now be guided by the following established principles when making recommendations on dividend payments: – Тhe amount allocated for dividend payments will usually…