MMK Trading House celebrates its tenth anniversary
TD MMK’s main task is to sell metal produced by Magnitogorsk Iron and Steel Works and other MMK Group’s enterprises (MMK METIZ, Lysvensky Metallurgical Plant) from warehouses located in Russia and Kazakhstan. The company plays an important role in MMK’s sales structure, reducing consumer wait times, as well as providing maintenance and logistics services.
The history of the Trading House began with five storage sites in the Volga region and the Urals. Every year since, new sites have opened in different cities. The 30th facility was opened in Vladivostok and became the first in the Far Eastern region. While in its first year TD MMK sold 46,000 tonnes of rolled metal products from its warehouses, in 2017 more than 1.25 million tonnes were sold in Russia alone and another 250,000 tonnes in Kazakhstan.
In order to increase the efficiency of MMK Group’s activities, the Metalservice warehouses in Magnitogorsk, Bashmetalopttorg in Ufa, and the MMK-Profile-Moscow production site in Schelkovo near Moscow were transferred to the ownership of the Trading House. At these sites, modern methods of storing and accounting for rolled metal were introduced and an investment programme for upgrading equipment has been implemented. Currently, modernisation of production facilities is underway at the site in Schelkovo. Since the operations were transferred to TD MMK, the output of core products has nearly doubled.
MMK Trading House holds a leading position not only on the Russian market, but also in Kazakhstan. Its first branch in the country was opened in 2014 in Astana. In 2018, a branch was opened in the city of Shymkent, becoming the fifth in Kazakhstan. Magnitogorsk metal from TD MMK warehouses is supplied to the leading industrial and mining enterprises of the country.
Currently, TD MMK sells more than 1.5 million tonnes per year from warehouses in Russia and Kazakhstan. The company's share in MMK’s sales on the domestic market is more than 10%. TD MMK sets ambitious goals for expanding its network as well as improving its quality of service and customer satisfaction.
About MMK
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2017, the company produced 12.9 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 million.
Investor contacts:
Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru
Media contacts:
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru
Dmitry Bulin
tel.: +7 (499) 238-26-13
E-mail: bulin.dn@mmk.ru