Site search, page 43

OJSC Magnitogorsk Iron and Steel Works (“MMK”) announces that it has approved a long-term development plan for MMK Group through 2025. Relevant materials regarding the Strategy are available on the MMK website: http://eng.mmk.ru/for_investor/annual_reports/presentations/ . Notes for editors: 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...

Magnitogorsk Iron and Steel Works (MMK) has achieved a new record indicator for the resilience of the refractory lining of the main arch of the two-hearth furnace (THF) at the electric steel smelting shop. Refractories, which face the internal surface of a furnace, withstood 1,321 melts. The previous highest indicator (1,265 melts) was set just three months ago. An increase in the numbers of melts per lining supports higher output, reduces operational costs and increases production efficiency...

On May 16, 2012 rating agency Fitch Ratings affirmed company's Long-Term (LT) Issuer Default Rating (IDR) at BB+, Short-term (ST) IDR at ‘B’, Local Currency LT IDR at ‘BB+’, National LT Rating at ‘AA(rus)’. The ratings outlook was changed to negative from stable. In its press release Fitch notes healthy performance of the main steel consuming industries in Russia, construction, automotive and pipe production, in 2011, which resulted in increase of apparent steel products consumption...

On the night of 31 December 2018, part of a ten-storey apartment building in Magnitogorsk collapsed following a gas explosion. The explosion and subsequent collapse claimed the lives of 39 people. Employees of Magnitogorsk Iron and Steel Works (MMK) and the MMK Group were involved from the beginning of the rescue effort. MMK deployed special equipment at the scene of the accident, while employees helped the fire and search-and-rescue services to help clear the rubble and rescue survivors. Among...

... Visary Project platform. The system’s launch earlier this year has enabled the Company to synchronise the work of project teams in a single virtual space and to increase the transparency and efficiency of project activities. “MMK is one of the first companies in the industry to incorporate an end-to-end digital solution for project activities, reaffirming its status as a digitalisation pioneer. Having been integrated into MMK’s corporate information system, Evolution makes it possible to manage ...

... is on par with other Russian cities that are not home to major industrial production sites. Komsomolskaya Pravda’s National Environmental Awards are professional awards for the best environmental practices, technologies and projects on the part of companies, non-governmental organisations and opinion leaders. The awards aim to encourage and recognise initiatives that promote sustainability and environmental stewardship.

Magnitogorsk Iron and Steel Works (MMK) was named the winner of the Main Event of the Year in Russian Metallurgy competition at an award ceremony that took place as part of the 29th Metal Expo International Industrial Exhibition in Moscow. The Company was recognised for the implementation of the first stage of its project to carry out a comprehensive reconstruction of its coke and chemical production. Magnitogorsk Iron and Steel Works (MMK) was named the winner of the Main Event of the Year in...

A delegation of specialists from Magnitogorsk Iron and Steel Works (MMK) headed by the company's CEO Pavel Shilyaev made a working visit to the Lysvensky metallurgical plant in the Perm Krai. During the visit, Pavel Shilyaev met with the Governor of the Perm Krai Maxim Reshetnikov. He presented to the head of the region the development strategy for MMK Group, including the Lysvensky plant, which became part of the Group in December 2017. Maxim Reshetnikov announced support for MMK's plans for...

MMK-UGOL (an MMK subsidiary in the Kemerovo Region) has commissioned the first stage of a wastewater treatment facility at the Chertinskaya-Koksovaya mine with a capacity of 473 m3 per hour. The commissioning of a new environmental facility will make it possible to clean mine water from harmful impurities, and, as a result, will reduce the mine’s environmental impact. The commissioning of post-treatment facilities at the Chertinskaya-Koksovaya mine is the largest environmental project for MMK-UGOL...

The economic impact of rationalization proposals implemented at Magnitogorsk Iron and Steel Works (MMK) amounted to almost RUB 380 million in H1 2019 - a 40% increase year-on-year. During this time, innovators submitted a total of 3,150 proposals, of which more than 70% (2,210) were approved for implementation. These numbers indicate an increase in the quality of innovative proposals. Among the implemented ideas, the leaders in economic efficiency were the steam-blower power plant shop, the blast...