The United Metallurgical Company has completed the delivery of large diameter pipes with corrosion-resistant coating and joints to Kazakhstan. The volume of the products shipped exceeded 12 thousand tons. Customers were the largest power-generating companies of the country – Kaztransgaz and Kaztransoil, both parts of the national company KazMunayGaz. OMK delivered 1220 mm diameter pipes…
Russia’s United Metallurgical Company (OMK) expects revenue to grow on the year in 2017, while EBIDTA may remain flat, core owner and the board of directors’ Chairman Anatoly Sedykh reported. In 2016, OMK’s revenue fell by 13% YoY, to 140 billion rubles and EBITDA decreased by 1%, to 34.9 billion rubles. “I think that the…
OMK has formed a new board of directors. Anatoly Sedykh, Vladimir Markin, Natalia Yeremina, Svetlana Sobolevskaya and Anastasia Poletayeva have been elected as the new board. Anatoly Sedykh, the ex-chairman, headed the new board. He will be responsible for the strategic development of the company. The deputy chairman Natalia Yeremina has been elected the OMK…
The United Metal Company is developing supplies of rolled sheet for construction, machine-building, shipbuilding and other industries. In particular, in January-May the group successfully supplied major traders with ST3, ST09G2S and S390 steel sheet with the thickness of 150 mm and width of 3100 mm produced by Vyksa Iron and Steel Works for the manufacture…
In 2016 the consolidated earnings of the United Metallurgical Company totaled 140 billion rubles ($2.47 billion), down by 13% YoY. At the same time the company claims it has been able to receive high profit despite the decrease of large diameter pipe sales, as well as cleared a considerable part of its debt (56 billion…
United Metallurgical Company has started producing large diameter section pipes (100-300 mm), which are starting to be widely used in metal structure manufacture. In particular, such pipes are used in the construction of stadiums for FIFA 2018. They are also used in the construction of industrial buildings, hangars, and even in housing. This year the…
United Metallurgical Company has chosen Danieli (Italy) as the main supplier and assembler of the pipe quality control, thermal treatment and processing line. The machinery, supplied within the program of modernization, will be installed at Vyksa Iron and Steel Works in the pipe electric arc shop No. 1. The line is expected to be put…
OMK intends to create a modern complex to produce oil-and-gas and OCTG pipes. Investments will exceed 40 billion rubles. The new pipe mills will start operating in 2018-2019, while the whole project will be finished by 2022. “Modernization will cover 100% of our OCTG pipe capacities. In April we signed an agreement with Mitsubishi Corporation…