MMK announces new appointment at MMK Metalurji in Turkey

MMK Metalurji, part of the MMK Group, announced a new appointment. Sergei Sulimov, deputy general director for company relations at MMK Group, has been named acting general director of MMK Metalurji.

Yury Bodyayev, previously general director of MMK Metalurji, will return to his position as director of production at MMK.

MMK CEO Boris Dubrovsky said: "These changes are driven by the new goals facing MMK Metalurji. Yury Bodyayev oversaw changes to production at MMK Metalurji, in particular the introduction of 1mm hot-rolled coil. Now our main priority is to build effective business processes and boost the company's efficiency. Sergei Sulimov will take charge of achieving this."

Construction of the facility in Turkey began in March 2008. The facility has a production capacity of 2.3m tons of flat steel per year, and is located at two production sites in Iskenderun and Istanbul. Total investments in the project came to around $2.1 billion.

MMK Metalurji currently operates the electric arc furnace facility, the cold-rolling mill, galvanizing and color coating lines and two service centers - in Iskenderun and Istanbul. To supply raw and input materials to the Iskenderun plant and ship its products to customers a sea port capable of catering ships of up to 100,000 dwt was built and operates next to the production site. The electric arc furnace facility in Iskenderun was commissioned in March, 2011. The first hot-rolled coil was produced in May, 2011.

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 preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher value added products. In 2010 the company produced 11.4 mln tonnes of crude steel and 10.4 mln tonnes of commercial steel products. MMK Group revenue in 2010 stood at USD 7.719 bn, EBITDA at USD 1.606 bn, profit for the period - USD 232 mln.