OJSC ChelPipe and OJSC Magnitogorsk Iron and Steel Works (MMK) are creating their joint rolling stock to ensure timely deliveries of steel plate from MMK’s Mill 5000 to ChelPipe’s Vysota 239 production unit. Implementation of this project has become part of strategic cooperation between the two companies. The decision to launch this initiative was made in 2007 when Mill 5000 and Vysota 239 were still under construction. ChelPipe and MMK jointly acquired forty-four 12-meter ...
Mmk. April
ChelPipe and MMK join forces to create railcar fleetMMK СHTPZ
OJSC ChelPipe and OJSC Magnitogorsk Iron and Steel Works (MMK) are creating their joint rolling stock to ensure timely deliveries of steel plate from MMK’s Mill 5000 to ChelPipe’s Vysota 239 production unit. Implementation of this project has become part of strategic cooperation between the two companies. The decision to launch this initiative was made in 2007 when Mill 5000 and Vysota 239 were still under construction. ChelPipe and MMK jointly acquired forty-four 12-meter ...
26.04.2011, Tuesday, 13:46
MMK announces its consolidated financial statements under IFRS for 12M and Q4 2010MMK 
SOLID RESULTS IN 12M AND Q4 2010:
MMK Group 2010 sales amounted to USD 7,719 mln, exceeding 2009 level by 52%.
2010 EBITDA reached USD 1,606 mln, which is 23% higher compared to 2009.
2010 EBITDA margin at 21%.
Profit for the period for 2010 amounted to USD 232 mln, which is 6% higher y-o-y.
Share of MMK Group higher value added (HVA steel) products grew to 34% in 2010 from 27% in 2009.
MMK Group Q4 2010 sales reached USD 1,944 mln, ...
08.04.2011, Friday, 10:45
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