15 November ‘18

MMK implementing environmental protection programme in Magnitogorsk

The programme to greenify Magnitogorsk was developed and approved this year by the CEO of MMK Pavel Shilyaev and the mayor of Magnitogorsk Sergey Berdnikov. The programme will be fully funded by MMK and will run until 2023.

MMK is already actively helping improve the park near the Eternal flame monument. This autumn, the Company planted 75 Siberian spruce, 25 larches, 90 birch trees, 35 Norway maples and 100 rowan trees. In November, the Company will plant 300 lime trees, 100 birch trees, 100 rowan trees and 200 Siberian spruce around the city. Another 500 spruce trees will be planted along the city’s roads.

The planting works are carried out by a firm from Yekaterinburg, whilst the trees are bought from Kazan and Perm.

During the year, the seedlings will be cared for and watered, and if necessary, replacement seeds will be used. In addition, MMK will continue financing the irrigation of green spaces for a further two years (in addition to the warranty period).

The issues surrounding the greenification of the MMK site and urban areas have always been under the close attention of MMK management. In 2017, MMK launched a comprehensive programme to greenify the territories surrounding educational institutions “A thousand trees for children”. The programme is an important part of MMK’s Clean City strategic initiative which aims to reduce the level of atmosphere pollution to minimum levels by 2025.

In 2017, MMK planted way more trees than it had planned: more than 1,000 ash and maple trees were planted around 77 schools and kindergartens, and 460 Siberian spruce in the southern districts of the city. In Spring 2018, the Company’s environmental work continued: more than 300 Norway maple trees were planted near schools and kindergartens as part of the programme called “1,500 trees for the city”.

MMK pays particular attention to environmental protection. In 2018, MMK’s total investments into ecological projects amounted to RUB 5.7 billion, up 36% year-on-year. Overall, by 2025, the Company plans to spend a total of RUB 38 billion on environmental projects.

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

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