Metalloinvest and ChTPZ Group have agreed on the creation of the joint scientific engineering center to develop innovation steel grades and improve steel product characteristics. “Metalloinvest has a vast experience in cooperation with ChTPZ. The creation of the center will bring us to a new level – ChTPZ specialists will be taking direct part in…
Metalloinvest will pay 18.999 billion rubles of dividends for 2017. The corresponding decision has been taken at the general meeting of the shareholders taking into account the net debt/EBITDA ratio of 1.9x Last year Metalloinvest net profit increased by 21.9% YoY, to $1.406 billion, with revenue up by 46.2%, to $6.231 billion and EBITDA by…
Metalloinvest has signed a long-term loan agreement with Credit Agricole CIB (France). According to the company statement, the loan of 72 million euros will be attracted for 12 years under the Euler Hermes Aktiengesellschaft guarantees. Metalloinvest intends to spend the money to purchase Takraf GmbH machinery. The machinery will be stationed at the Lebedinsky Mining…
Metalloinvest will build a heat treatment facility for hot-rolled steel at OEMK. The heat treatment facility will have an annual capacity of 70,000 tons of high-quality (Special Bar Quality, SBQ) bars, and will be established within the enterprise’s finishing plant. The facility will add to the existing heat treatment capacities at OEMK’s rolling plant No.…
Metalloinvest will construct the site of hot-rolled metal heat-treatment at OEMK. The capacity of the complex will be 70 thousand tons of high-quality bars (SBQ). Danieli will supply all the necessary machinery. The cost of the project is 3 billion rubles with VAT. The complex is expected to be commissioned in 2019-2020. In 2017 Metalloinvest…
Metalloinvest is improving its sales and operation planning efficiency. Within the Industry 4.0 business transformation program the company is using the Quintiq solution at all of its key enterprises: Lebedinsky and Mikhaylovsky Mining and Processing Works, OEMK and Ural Stal. “The Quintiq solution helps to efficiently optimize the whole delivery chain. It will help us…
Metalloinvest, a leading global iron ore and merchant HBI producer and supplier, and one of the regional producers of high-quality steel, has announced its operational results for the first quarter of 2018. Andrey Varichev, CEO of Management Company Metalloinvest, commented: “In the first quarter of 2018 Metalloinvest continued the successful implementation of its strategy to…
In 2017 Metalloinvest revenue grew by 46.2%, to $6.2 billion mostly because of market situation improvement and the growth of high added value products sales, in particular hot-briquetted iron. Metal products sales revenue last year increased by 43.7%, to $3.2 billion, and iron ore sales – by 51.5%, to $2.8 billion. The main share of…
