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... light motor vehicles in Russia fell 7.4% in 2016, according to Russia’s Federal State Statistics Service. Sales to foreign car makers that have assembly plants in Russia in particular demonstrate the Company’s achievements. Metal sales to these companies grew 34.5% year-on-year to 26,900 tonnes in 2016 from 20,000 tonnes in 2015. Since 2013, shipments to international automotive corporations that have production facilities in Russia grew more than fourfold. In 2017, MMK plans to significantly ...

... between Turkey's largest manufacturer of automotive components and stamping equipment and Russia's leading producer of rolled metal products took place at the head office of Coskunoz Holding in Bursa, Turkey. The agreement opens new opportunities for the companies’ collaboration in both Turkey and Russia, providing opportunities for the development of hot stamping production in Russia, as well as for the implementation of joint engineering research and work on prototyping of stamped products from new ...

... category. The company was also nominated in the "Development of team potential" category. An overview of the results of the annual award was given in Moscow at the end of October. The organizers received 220 applications this year from companies from all over Russia. As a result, the title “leader of competitive procurement” as awarded to 14 companies in various categories. The topic of the report submitted to the competition by Magnitogorsk Iron and Steel Works was the development ...

The Board of Directors of PJSC Magnitogorsk Iron and Steel Works (“MMK” or “the Company”, ticker: MMK: LI) on 16 October 2017 approved a resolution to convene an extraordinary general meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM as follows: Payment of dividends on issued shares of PJSC MMK based on the results of the first nine months of 2017. The decision establishes a new precedent for the frequency of the company’s dividend payments. In line with the...

... around RUB 2.5 billion in occupational safety every year. The event was held on 10-11 September on the site of the Oskol Electrometallurgical Plant (belonging to Metalloinvest group). It brought together representatives from leading metallurgical companies and other sectors of the economy, such as scientific, educational and governmental bodies and other expert institutions. Director for Occupational Health and Safety and Environmental Protection Grigory Shchurov and Head of the Department for ...

Magnitogorsk metal ware and calibration plant MMK METIZ (part of the ММК Group) is implementing a large-scale investment programme to develop new types of metal products and modernise existing facilities. The estimated CAPEX exceeds RUB 2.5 bln. The modernisation is planned for 2017-2019 and is aimed at strengthening the company’s position as a leading supplier to metal-intensive sectors of the Russian economy. Several major projects are currently underway. In particular, in 2017-2018 MMK METIZ...

... has been in development since 2015. MMK-Informservice (an MMK Group subsidiary) developed the data collection system and user interface, and Yandex Data Factory developed the service providing recommendations. “MMK is a pioneer among industrial companies in Russia in terms of digital technologies. Our joint project with Yandex Data Factory is part of a new wave in production automation involving big data. We believe that mathematical models using big data combined with the dynamic development ...

PJSC Magnitogorsk Iron and Steel Works (“MMK” or the “Company”) one of the world's largest steel producers and a leading Russian metals company (LSE ticker: “MMK”), will hold a Capital Markets Day in London on the morning of 15 November 2019. At the CMD, Chairman Viktor Rashnikov, INED Morgan Ralph Tavakolian and the executive management team will discuss MMK’s progress against the Company’s strategy to 2025. The presenting team will include: Viktor F. Rashnikov, Chairman of the Board of Directors...

PJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company”, ticker: MMK:LI) announces that on 25 August 2017 the Board of Directors called an Extraordinary General Meeting of shareholders (EGM) with absentee voting, and approved the agenda for the EGM as follows: Payment of dividends on issued shares of the Company for the first half of the 2017 accounting year The Board of Directors recommended that the EGM approve a dividend for the first half of 2017 on MMK’s issued ordinary...

At the Magnitogorsk Iron and Steel Works (MMK), there are already 16 software robots successfully imitating the actions of real workers. By the end of 2019, the Company plans to automate a total of 32 manufacturing processes. The head of the MMK-InformService project office, Valery Rybolovlev, spoke about the Company’s automation during the Digital Transformation in Metallurgy conference held as part of the INNOPROM International Trade Fair in Yekaterinburg. MMK launched the first programmable...