Site search, page 33

MMK Trading House sold 1.5 million tonnes of metal products for the first time in its 15-year history in 2023, according to the company’s director, Grigory Shchurov, who spoke at the 17 th all-Russian conference “Regional Metal Trading in Russia” in Sochi. MMK Trading House sold 1.5 million tonnes of metal products for the first time in its 15-year history in 2023, according to the company’s director, Grigory Shchurov, who spoke at the 17 th all-Russian conference “Regional Metal Trading in Russia”...

  OJSC Magnitogorsk Iron and Steel Works ("MMK" or "the Company") (LSE: MMK) cut production costs by USD 135 million in 2015 by implementing programmes to improve operational efficiency. As a result of the initiatives, MMK reduced the cost of sales of its finished products by nearly 3%. In 2015, MMK Group focused on improving energy efficiency and fostering innovation. By implementing energy efficiency measures and adopting low-cost, high-efficiency investment projects, the...

In 2010, the share of the company’s shipments to the domestic market boosted to 69% of the MMK total metal products sales In 2010, the share of the company’s shipments to the domestic market boosted to 69% of the MMK total metal products sales “Given the geographical proximity and favorable growth perspectives, we see domestic marketplace as strategically important and a top priority market,” said Victor Rashnikov, MMK Chairman of the Board, commenting on the fact that...

Magnitogorsk Iron & Steel Works' delegation included representatives of MMK and MMK-Informservice (part of MMK Group). Magnitogorsk Iron & Steel Works' delegation included representatives of MMK and MMK-Informservice (part of MMK Group). They delivered reports and took part in panel discussions and sessions on import substitution of IT technologies and software development, digital production and robotisation, data management and wireless networks. The Company's representatives spoke about MMK's...

... leaders, technology development trends and forecasts in Russia and in the world, economic and qualitative effects of the implementation of robotisation, as well as promising areas of development. MMK Group now holds a leading position among Russian steel companies in the implementation of software robots. Back in 2018, the RPA Competence and Innovation Centre was established at MMK-Informservice (part of MMK Group), which eventually grew to become Next - a company that provides RPA services not only to ...

MMK is committed to creating social security and comfortable working conditions for its employees. In 2020, the Company’s spending on employee social programmes amounted to $17 million, with the bulk of the funds allocated to healthcare and prevention programmes, as well as resort and health centre packages for employees. In 2020, 9,141 people, including 7,007 employees and 2,134 family members, undertook health improvement programmes at resorts and health centres. The average social package...

... industry competition titled "Enterprise of the Mining and Metallurgical Complex with High Social Efficiency." The competition was based on materials submitted by 50 enterprises from 20 regions of Russia, which comprise 14 metallurgical companies and holdings and which together employ more than 40% of the total number of employees who work in the Russian metals and mining complex. The winners of the industry competition are recommended by the Government of Russia for the title of "Russian ...

... development of intersectoral expertise on information security issues, as well as for the exchange of experience and views concerning the situation in the IT sector. Despite the obvious challenges caused by economic sanctions and the departure of foreign IT companies in 2022, MMK was able to maintain the stable and uninterrupted operation of its information services. According to Feoktistov, the Company has developed its own programme and road maps that will guide its step-by-step transition towards technological ...

... manufacture and repair of construction, quarrying and other special machinery, loaded steel structures, rock-processing and shaft-sinking equipment, as well as other high-tech products. MAGSTRONG steels are already widely used by major Russian mining companies and machinery and equipment manufacturers. These steels provide a significant reduction in weight as well as major economic benefits. The use of these products not only improves product quality, but also reduces the environmental impact: as ...

PJSC Magnitogorsk Iron and Steel Works (MMK) is now included in the register of members of the Social Charter of Russian Business of the Russian Union of Industrialists and Entrepreneurs (RSPP). The Charter declares the commitment of participating companies to the principles of sustainable development and social responsibility. According to the Charter, the mission of entrepreneurs is to ensure the sustainable development of independent and responsible companies in a way that meets long-term ...