PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of the German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years. The joint work of the companies will be organized through the Siemens online store – Industry Mall. Through the…
Pavel Vasev, Head of Procurement at Magnitogorsk Iron and Steel Works (MMK), became the winner of the “Best Procurement Director” award for 2019. Large-scale changes in procurement activities carried out at MMK have significantly improved the efficiency of the company’s supply chain. This is the second year in a row that the rating of procurement…
PJSC Magnitogorsk Iron and Steel Works’ (MMK) new hi-tech sinter plant, the second stage of which is scheduled for commissioning in the near future, is expected to add an additional c. $40 million to the company’s EBITDA per year. In addition to the increased productivity, the unit should significantly decrease MMK’s environmental impact. The news…
PJSC Magnitogorsk Iron and Steel Works (MMK) and OJSC MMK-METIZ are among the exhibitors at the 4th specialist exhibition “SteelStructures’2019” which opened in Moscow. At the MMK and MMK-METIZ stands, visitors can see a wide range of products and technical capabilities that are of interest to manufacturers of steel structures, as this is an important…
Made in Steel-2019 exhibition has started in Milan. Italy is traditionally one of the major MMK partners in Europe. The company delegation at the exhibition is headed by Oleg Fedonin, director of the foreign activity and sales to car manufacturers department. (Ukrainian metal)
Deliveries of MMK’s rolled steel to pipe companies in the Siberian Federal region have doubled since the beginning of the year. The region accounts for about 10% of the plant’s sales of the relevant products. The company plans to further expand its presence in the domestic market. Deputy General Director of Sales at PJSC MMK…
The board of directors of the Russian integrated steel producer Magnitogorsk Iron and Steel Works (MMK) has recommended paying 1.488 rubles per share in dividends for January-March, in line with the managers’ proposals, the company said in a statement. The total sum will amount to $260 million, or 100% of the company’s free cash flow.…
Magnitogorsk Iron and Steel Works (MMK) invested over 58 billion rubles in environmental activities in 2000-2018, including 9 billion rubles in the last year alone, according to the company’s environmental report, published on its official website. The report was prepared in order to inform all stakeholders about the company’s efforts in the field of environmental…
