MMK and ETM sign contract for supply of electrical equipment
The agreement with one of Russia's leading professional distributors of electrical engineering was signed for cooperation up until the end of 2020. MMK and its subsidiaries were offered an individual discount by the manufacturer of electrical equipment.
To make a purchase, MMK units do not need to carry out a selection procedure and agree on technical specifications, meaning that the time required to prepare the specification will be no more than 20 minutes. When placing an order, technical specialists of the customer's workshop see the terms of equipment delivery, which significantly simplifies planning repairs in the long term.
The conclusion of a contract with ETM is part of a comprehensive programme to improve MMK's supply system. It allows for, among other things, the establishment of trade with online stores to organise direct, efficient supply and to eliminate unnecessary administrative costs.
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 unit 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 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.
About ETM:
ETM is the official distributor of more than 480 Russian and foreign manufacturers of electrical engineering. The assortment supplied by ETM meets the needs of tens of thousands of customers: including industrial enterprises, manufacturers of switchboard equipment, infrastructure enterprises, electrical and construction companies, private installers, retail stores and DIY chains, designers and individuals. ETM is constantly working to improve customer interaction through launching new product lines, creating new services and expanding the geography of its presence.
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