Home  Issuers' Corner  Press Releases
CLOSE

Press Releases

company search
all press releases
all MMK press releases

MMK

September 26, 2018

MMK METIZ implements large-scale RUB 2.5 BLN investment programme

Magnitogorskmetal ware and calibration plant MMK METIZ (part of the ╠╠╩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 companyĺs 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 commissioned production facilities to allow the company to expand the quality and range of its fasteners. The new Taiwanese machines produce fasteners in line with DIN ╠6-╠12 standards, which are used in machinery, instrumentation and the construction industry. The new facilities also include a production complex for producing large fasteners. The facilities include a German hardening and tempering machine for producing high-tensile ╠6-╠30 fasteners and a Russian galvanizing line for ╠12-╠36 fasteners. The commissioning of this equipment has contributed to an improvement in the quality of the heat treatment of the fasteners and expanded the range through the production of high-diameter galvanized fasteners. Total investment in the project exceeded RUB 400 mln.

In addition, in 2018, a new 1,200 tonne production complex for self-drilling screws will be commissioned. Some of the equipment is already in operation. Following the commissioning of a chemical and thermal treatment line and phosphating line, the new production complex will allow the company to increase its production volume of import-substituting self-drilling screws.

Another major investment project at MMK METIZ is a 43,000 tonne production complex for high-carbon wire and steel-wire rope, with an investment of over RUB 1.5 bln. The first stage of the complex was commissioned in July 2018, and the project is expected to be completed in Q1 2019. The commissioning of this complex will allow the company to significantly improve the quality and range of its products. The production of galvanized cables will be expanded following the commissioning of a new galvanizing unit produced by FIB.

In addition, in 2019, MMK METIZ plans to commission a new production complex for bales and rod-shaped gauged bars. The new complex will comprise of two 36,000 tonne high-performance automated lines. Its commissioning will allow the company to significantly increase MMK METIZĺs production capacities. The total value of investment in the project is estimated at more than RUB 600 mln.

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 complex encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2017, the company produced 12.9 million tonnes of crude steel and 11.6 million tonnes of commercial steel products. MMK Group had sales in 2017 of USD 7,546 million and EBITDA of USD 2,032 million.

Investor contacts:
Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru
Media contacts:
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru
Dmitry Bulin
tel.: +7 (499) 238-26-13
E-mail: bulin.dn@mmk.ru

 

 

 

Search by industry

Agriculture, Foresty and Fishing | Chemicals | Engineering | Ferrous Metals | Financial, Insurance & Real Estate | Food & Kindred Products | General Construction | Information Technology | Media & Publishing | Non-Ferrous Metals | Oil & Gas | Pharmaceuticals | Power Industry | Precious Metals and Diamonds | Telecommunications | Transportation | Wholesale & Retail Trade

Search by alpha index

A B C D F G I K L M N O P R S T U V W X Z



Site Map
© RUSTOCKS.com
Privacy Statement | Disclaimer