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... Barometer Project (works within the A.Partners Capital investment firm), Magnitogorsk Iron and Steel Works (MMK) ranked among Russia's top 10 corporations in terms of open innovation performance and obtained the best result among Russian metallurgical companies. Barometer defines open innovation as technological solutions or products used by a corporation that have been developed outside its own research departments and not obtained through collaboration with other large companies. Often, such solutions ...

From July 1, 2020, on the eve of Metallurgist's Day, the engineering division of MMK Group, Mekhano-Remontny Kompleks (MMK-MRK) started a pilot operation of the corporate information system (CIS) based on Oracle e-Business Suite V. 12. The transition of MMK-MRK to the use of this CIS was carried out as part of a wider programme of implementing a single CIS based on Oracle and follows its commissioning at MMK-Lysvensky Metallurgical Plant (MMK-LMZ). Mekhano-Remontny Kompleks is the largest subsidiary...

OJSC Magnitogorsk Iron and Steel Works ("MMK" or “Company”) today, on 29 May 2015, held its Annual General Meeting of Shareholders (AGM) in Magnitogorsk. The AGM approved MMK's annual report and financial statements for FY 2014 and resolved not to pay a dividend for the 2014 financial year (taking into account interim dividends paid based on the Company’s performance during 9 months 2014 in the amount of RUB 0.58 per common share). The AGM also elected MMK’s Board of Directors...

The auditing company BSI (Great Britain) has issued a conclusion confirming MMK Group's quantitative assessment of its greenhouse gas emissions.  Magnitogorsk Iron and Steel Works (MMK) pays significant attention to the issue of climate change and the assessment of its greenhouse gas emissions. Taking an active position on the climate agenda, the Company for the first time assessed the risks associated with global climate change by performing a quantitative assessment and verification of direct...

... quarrying and other such specialist equipment, in load-bearing metal structures, as well as in the production of equipment for rock mining and shaft mining, and in several other high-tech products. This steel has already allowed many Russian mining companies, specialising in the extraction of coal, copper, gold, potassium salts and phosphates, to completely replace the use of imported substitutes. The use of MAGSTRONG steel can significantly reduce the weight of products which results in considerable ...

... place on September 14-15 in Yekaterinburg. There were approximately 150 attendees: heads of metal service centres, steel product manufacturers, suppliers of raw materials for rolled products processing, developers of equipment for SMCs, metal trading companies, industry unions, research institutes and engineering design bureaus.

... visited Magnitogorsk Iron and Steel Works (MMK). They met with MMK management and got to know the Company’s production potential. 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 ...

Magnitogorsk Iron and Steel Works (MMK) won the Russian Tourism “Route of the Year” award, awarded annually with data support from the Federal Agency for Tourism. More than 10,000 industrial tourists visited the MMK production site in one year. The company received two awards: first place for the best children's route, and second place for the best route with a still-active production site. In total, 476 such projects from 50 Russian regions were entered into the All-Russian Tourism Award “Route...

... payout rate will compensate for lower free cash flow in H1 2017, which was due to seasonal cash outflow to working capital. The dividend will be paid in cash by bank transfer within the period and in the manner stated by the Federal Law on Joint-Stock Companies. The dividend record date is set as the close of trading on 10 October 2017. 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 ...

... consumer within the Russian market is the pipe industry, to which 2 mln tonnes of metal products were delivered. Around 880,000 tonnes of metal products were delivered to metalware and non-integrated plants and 636,000 tonnes directly to construction companies and to manufacturers of building materials and metal structures. The automotive industry is also among MMK’s largest consumers in Russia (535,000 tonnes). A significant portion of deliveries are made to the spot market - in 2018, 2.5 mln tonnes ...