Investment bank analysts and representatives get to know MMK's development prospects
The delegation visiting MMK included analysts fr om VTB Capital, Raiffeisen Bank, Gazprombank, as well as investment companies Aton and BCS, representatives of investment funds Prosperity Capital, East Capital, Alfa Capital Asset Management Co, TKB BNP Paribas Investment Partners OJSC and others.
Welcoming the delegation, MMK CEO Pavel Shilyaev spoke about the main aspects of the Company’s updated development strategy and key investment projects, including the large-scale technical re-equipment of the sinter and coke blast furnace process, which will allow the Company to radically reduce its technogenic load on the environment. Pavel Shilyaev also presented MMK’s other strategic initiatives related to improvement of operational and functional efficiency, expansion of client-oriented services and the Company’s digital transformation.
As part of their two-day visit to MMK, analysts and investors visited the plant's industrial site. The guests had the chance to see MMK's newest rolling complexes: plate mill 5000, cold-rolling complex mill 2000 and twin-stand reversing mill 1700. The guests also visited state-of-the-art sinter plant No. 5, the only one of its kind in Russia, equipped with environmental facilities which comply with the best available technology, and blast furnace No. 6. The tour also focused on MMK’s digitalisation process, analysts and investors evaluated machine vision technologies used in coke production and saw MMK’s Data Processing Centre and Central Control Room in action.
In addition, the guests toured the new production facilities of Magnitogorsk Metizno-Kalibrovochny Zavod ‘MMK-METIZ’, an MMK subsidiary, wh ere large-scale production modernisation has been carried out in recent years.