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Magnitogorsk Iron and Steel Works (MMK) and Metalloinvest
have a long-standing and solid partnership. As a company
and brand, Metalloinvest is associated with technological
innovations, a reliable and stable supply of products, as well as
a talented and forward-thinking management team.
The iron ore raw materials purchased by MMK as part of our
long-term contracts with Metalloinvest fully adhere to the high
standards we uphold at our own company.
It is also worth acknowledging the consistent and effective
work by Metalloinvest on the modernisation of its production
processes, resulting in an improvement in the quality of iron ore
products and hot briquetted iron.
In 2017, Metalloinvest and OMK signed a 10-year contract for the supply of cast billets for railway wheels. Ural Steel upgraded its continuous casting machine specifically for the project, allowing Vyksa Steel Works to abandon the outdated technology of open hearth furnace steelmaking. We are now confident that the wheel-rolling facility at Vyksa Steel Works will have a stable steel billet supply over the next ten years.
Metalloinvest is one of the industry’s best companies, possessing skilled personnel and a modern production and technological base. The Company’s effective management and highly advanced technology allow it to make steady progress as well as compelling long-term plans for expanding our cooperation. Today, Metalloinvest is one of the key partners of ChelPipe Group in flat products and steel billet supplies for the manufacture of welded and seamless pipes.
Severstal has been working with Metalloinvest since 2010, procuring iron ore products for its major asset, Cherepovets Steel Mill. The parties renew their contract every year, which is testament to the high quality of raw materials supplied by Metalloinvest for pig iron production.
Metalloinvest is TMK’s long-standing and reliable partner, an important supplier of metallised products, pipe billets, and flat products. The Company stands out for its flexibility, business agility, and openness to customer requests. We are pleased with our cooperation with Metalloinvest, in particular with our long-term supply contract for hot briquetted iron signed in late 2016. The supply has enabled us to diversify our feedstock sources and improve the quality of steel we produce, ensuring supplies of high-quality pipe products for our customers.
Metalloinvest is a reliable and long-standing strategic supplier
of KAMAZ. We use long products manufactured by OEMK to
manufacture critical and high-load parts and components for
our vehicles, which is testament to the reliable quality of our
partner’s products and provides a robust platform to ensure the
high quality of our trucks.
Our long-standing productive partnership received a boost in
2017 – a three-year memorandum of cooperation was signed for
the supply of high-quality rolled steel products (SBQ).
KAMAZ and Metalloinvest hold regular co-ordination councils
helping us to expand our order portfolio, streamline supply
chains, and resolve technical issues. Together with our partners,
we ensure the continuous improvement in the quality of our
vehicles and components.
2017 was marked by further development of the partnership between Societe Generale Group/PJSC Rosbank and
Metalloinvest. Metalloinvest’s commitment to its chosen strategy helped the Company to consolidate its market position,
which in turn had a positive effect on the Company’s financial position, enabling it to successfully implement its programme
to raise funds through major Western banking groups.
As Metalloinvest’s long-standing partner, Societe Generale Group/PJSC Rosbank notes the well-coordinated efforts of the
Company’s finance team, which enabled prompt and centralised handling of issues across the Company’s enterprises.
We would also like to thank Metalloinvest’s management team, which views the interaction with financial partners
as an essential part of its work, along with an ongoing open dialogue on all business aspects, including updates
and explanations covering both the performance of the Company’s plants and the potential negative trends inherent
in any market.
Metalloinvest is one of the most innovative and outperforming metals and mining companies in Russia. Metalloinvest contributes significantly to the economic development of the Russian Federation and drives economic growth across its regions of operation. The Company is a leader in corporate social responsibility (CSR) in Russia and sees CSR as an integral part of its strategy and the foundation for its long-term business sustainability. Metalloinvest’s sustainability efforts are widely recognised at the annual All-Russia Contest: Russian Business Leaders: Dynamics and Responsibility.
For the Orenburg region, Metalloinvest is, above all, the Ural Steel plant. The steel plant is the region’s largest and a local economic leader, consistently upgrading and expanding its production capacity. Metalloinvest’s production base and investments are crucial in developing and diversifying the Novotroitsk economy. The Company has traditionally demonstrated a high level of corporate social responsibility through initiating and actively participating in projects significant to the Orenburg region and its residents.
MIkhailovsky GOK is a major taxpayer and employer in the
Kursk region. In many aspects, the future of the region’s
residents is contingent on the plant’s successful development.
As a socially responsible company, Metalloinvest takes an
active part in developing the Kursk region. We jointly implement
major initiatives aimed at raising the quality of life in the region.
The Company successfully runs a number of targeted social
initiatives in the region; community facilities have been built
and previously established ones are being renovated, including
schools, kindergartens, and healthcare and sports facilities.
It is hard to overestimate Metalloinvest’s role in the social and economic development of the Belgorod region. The Company’s ambitious investment projects help strengthen the region’s production potential and boost the local economy’s growth. The Company’s systemic care for its employees, initiatives supporting education, healthcare, culture, sports, and recreational environment in the Stary Oskol and Gubkin urban districts contribute to positive changes in the region and, more importantly, to the stable improvement in the quality of life for people in the Belgorod region.
Dear shareholders,
partners, and colleagues,
In 2017, Metalloinvest achieved excellent operating
and financial results, driven by a strengthening market
for both iron ore raw materials and steel products.
This positive momentum was also supported by the
commitment shown by all of our employees, which
was equally important for the Company’s performance
and contributed to our ongoing efforts to enhance
production and business processes.
The key priorities for Metalloinvest’s development are
strengthening customer focus, improving product
quality, and health, safety, and environment (HSE)
matters. The Company implemented a series of
initiatives during 2017, making notable progress in
all the above-mentioned areas.
