30 October ‘18

MMK recognised among winners of Leader of Competitive Purchases award

188 companies representing all sectors of the Russian economy were considered for the award. The winners were chosen by a public committee of 70 independent experts. This year, MMK submitted a project titled “Transformation of the procurement system with the involvement of external consultants" to the award committee. This is the company’s largest modernisation project in the procurement field in recent years, implemented jointly with the A.T. Kearney consulting company.

The project began in April 2017 and is currently in its final stages. Global changes in business processes and the organisational structure of MMK supply systems have already been implemented: the category approach to selecting a supplier, for which category teams have been created, is prioritised. For the first time this year, experts from the award’s public committee visited the MMK production site and became acquainted with the innovations.

The Leader of Competitive Purchases award is the first professional contest in the trade and procurement field. It has been held since 2012, uniting purchasers, government representatives, the media and public organisations. The purpose of the award is to draw attention to the most significant projects in the field of procurement, which increase the efficiency of companies and make a significant contribution to the development of the entire market.

MMK is a regular participant and laureate of the Leader of Competitive Purchases award. In 2014, the company won a prize in the “Economic efficiency of procurement operations” category. In 2015, Sergey Ushakov, Deputy General Director of Commerce, received a special award for the development and optimisation of procurement activities. The following year, the company was among winners in the “Leader of innovations in trade and procurement activities” category. Last year, MMK became the winner in the “Economic efficiency of procurement operations” category.

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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