Magnitogorsk Iron and Steel Works

Magnitogorsk Iron and Steel Works
OJSC Magnitogorsk Iron and Steel Works
ОАО «Магнитогорский металлургический комбинат»
Type Public (RTS:MAGN
MICEX:MAGN)
Industry Steel
Headquarters Magnitogorsk, Russia
Key people Victor Rashnikov, (Chairman)
Products Steel
Steel products
Revenue increase US$ 7.7 Billion (2010)
Net income increase US$ 254.0 Million (2010)
Website www.mml.ru

Magnitogorsk Iron and Steel Works (MICEX:MAGN / RTS:MAGN), abbreviated as MMK, is the third largest steel company in Russia. It is located in the city of Magnitogorsk, in Chelyabinsk Oblast.

Magnitogorsk Iron and Steel Works is also known for being one of the major sponsors of the new Kontinental Hockey League.

Contents

Revenue

2000

In 2007, MMK revenue were of $8 billion (+28% compared to 2006) with an operating income of $2 billion. [1]

MMK has announced in June 2009 a $110 million deficit for 2009 Q1, with a production of 2.1 million tonnes of crude steel [2].

Joint venture investment in Turkey

The MMK signed on May 23, 2007 a joint venture agreement with the Turkish steel company Atakaş to construct and run a steel plant in Hatay Province of southern Turkey. On March 15, 2008, the plant's foundation was laid in Dörtyol, Hatay. Already with the beginning of 2009, plant's service center consisiting of a hot shear line and a combined cold shear and slitting line went in operation.[3] The plant, which will have a capacity of 2.5 million tons of steel products a year, was officially opened by Turkish Prime Minister Recep Tayyip Erdoğan on March 9, 2011. It is one of the biggest of its art in Turkey.[4] On March 10, 2011, it was reported that the MMK applied to the Turkish competition board to buy its Turkish partner's stake.[5]

References

  1. ^ OJSC Magnitogorsk, Reuters
  2. ^ Russian steel maker MMK swings to Q1 net loss, The Guardian, June 11, 2009
  3. ^ "Üreten Türkiye'nin Yeni Çelik Devi" (in Turkish). MMK-Atakaş. http://mmk-atakas.com/. Retrieved 2011-03-12. 
  4. ^ "İşte Türkiye`nin yeni devi!" (in Turkish). Hürriyet. 2011-03-10. http://piyasanet.hurriyet.com.tr/%5Cc%5Chaber_ic.asp?id=744830. Retrieved 2011-03-13. 
  5. ^ "MMK to buy partner's stake in Turkey unit-source". Reuters. 2011-03-10. http://www.reuters.com/article/2011/03/10/turkey-atakas-idUSLDE7291SC20110310. Retrieved 2011-03-12. 

See also

  • Time, Forward!, a 1965 Soviet film about one day of construction of Magnitka

External links

Factory 1b.svg Companies portal

Wikimedia Foundation. 2010.

Игры ⚽ Нужен реферат?

Look at other dictionaries:

  • Magnitogorsk Iron and Steel Works — Rechtsform Offene Aktiengesellschaft Aktiengesellschaft (Russland) ISIN RU0009084396 …   Deutsch Wikipedia

  • Magnitogorsk Iron and Steel Works — Siège social  Magnitogorsk (Russie) …   Wikipédia en Français

  • Magnitogorsk — (English) Магнитогорск (Russian)   City …   Wikipedia

  • Magnitogorsk — Stadt Magnitogorsk Магнитогорск Flagge Wappen …   Deutsch Wikipedia

  • Magnitogorsk —    Roughly translated as “Magnetic Mountain City,” Magnitogorsk is a city of over 400,000 located in the Chelyabinsk Oblast. It is one of the largest cities in Russia that does not serve as the administrative capital of its corresponding province …   Historical Dictionary of the Russian Federation

  • List of steel producers — This article summarizes the world steel production by company. For the country oriented account, see Steel production by country. Top 40 producers by International Iron Steel InstituteThis is a list of the largest steel producing companies in the …   Wikipedia

  • Sewerstal — Severstal Unternehmensform Aktiengesellschaft ISIN …   Deutsch Wikipedia

  • Magnetogorsk — Stadt Magnitogorsk Магнитогорск Flagge Wappen …   Deutsch Wikipedia

  • Chelyabinsk Oblast — Челябинская область (Russian)   Oblast   …   Wikipedia

  • Liste der grössten Unternehmen in Russland — Die Liste der größten Unternehmen in Russland enthält die vom Forbes Magazine in der Liste Forbes Global 2000 veröffentlichten größten börsennotierten Unternehmen in Russland. Die Rangfolge der jährlich erscheinenden Liste der 2000 größten… …   Deutsch Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”