MMK DEVELOPS COOPERATION WITH AVTOVAZ

  This was the first working visit to MMK for Yves Caracatzanis, who was appointed as the head of Russia’s leading car manufacturer in early June. AVTOVAZ is one of MMK’s largest partners – in 2017, the steel producer supplied more than 293 ths tonnes of metal to the company, which represents a significant share of MMK’s total supplies to the car industry of 528 ths tonnes during the year.

During the visit, Yves Caracatzanis met with MMK Chairman Victor Rashnikov to discuss MMK’s development as a supplier of modern steel grades required by the car industry, as well as cooperation with engineering departments of AVTOVAZ to adopt new steel grades to meet the car manufacturer’s needs, among other issues.

The guests visited MMK’s production site, including sheet rolling facility No. 11, which includes a state-of-the-art cold-rolling mill for manufacturing high-quality automotive sheet. The delegation of MMK’s biggest partner in the car industry was shown the production process for modern automotive sheet, which is used to manufacture the latest AVTOVAZ models such as the Lada Vesta and X-Ray.

MMK has significantly expanded its capabilities to produce high-quality rolled steel for carmakers with adopting new products by the new cold-rolled products facility No. 11. The facility’s launch enabled MMK to become highly competitive among domestic and international metal producers. As a result, currently MMK holds leading positions in the Russian metal industry in terms of metal supplies to the car industry.

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.

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