In 2019, Industrial and Metallurgical Holding (PMH) increased net profit by 372% YoY, to 6.1 billion rubles due to exchange rate differences. Revenue dropped by 3%, to 86.8 billion rubles, mostly because of the decrease of pig iron and coke products prices, as well as a fall in coal output. Gross profit decreased by 15%.…
The Koksoviy Site, a part of PMH, has been allowed to commission a new railroad at the Vostochnaya station. The company has financed the construction of two railroads with the combined length of 2513 meters. Each railroad can service at least 70 railroad cars. In addition to railroad the company has also constructed the entire…
In 2019 PMH increase pig iron output to 2.362 million tons. Coke manufacture grew by 2%, to 2.592 million tons, and sales – by 10%, to 2.689 million tons due to the increase of exports. Coal mining in the second half of 2019 increased by 43% HoH and by 8% YoY, to 1354 thousand tons.…
In January-September PMH increased pig iron manufacture by 2% YoY. In Q3 the growth was 3%. Coke output grew by 7% in 9 months mostly due to the increased demand on export destinations. Coal concentrate decreased because of the drop of available coal for processing. The mine named after Tikhov in Q3 increased output by…
In January-June the Industrial and Metallurgical Holding received 46.4 billion rubles of consolidated revenue, up by 8% YoY. Gross profit decreased by 11% mostly due to the growth of expenses on raw materials. Operational profit decreased by 39%. Net profit amounted to 4.5 billion rubles, up by 116% YoY. EBITDA LTM stood at 17.3 billion…
In January-June PMH, one of the world major suppliers of pig iron and the largest manufacturer of coke in Russia, increased output. Thus, pig iron manufacture grew by 2% YoY, to 1.223 million tons, coal concentrate – by 1%, to 1.213 million tons, and 6% moisture coke – by 13%, to 1.373 million tons. At…
Industrial-Metallurgical Holding has appointed Alexander Kukolev the CEO of its subsidiary – PMH-Ugol. He has replaced Andrei Sushentsev, who has been heading the company since 2018. Kukolev started working at the Berezovskaya Central Processing Factory in 1999. In August 2015 – February 2016 he has been the first deputy CEO at Koks-Mining LLC, before returning…
The Koksoviy site, a part of PMH, has concluded an agreement with the official representative of BelAZ for the delivery of quarry dump trucks with the combined cost of some 3 billion rubles. According to the agreement, this year the site will receive 31 units of BelAZ machines (21 BelAZ-75581 and 10 BelAZ-75585) with the…
