Magnitogorsk Iron and Steel Works

Magnitogorsk Iron And Steel Works

Company
Company Less

Magnitogorsk Iron and Steel Works

to get instant updates about 'Magnitogorsk Iron And Steel Works' on your MyPage. Meet other similar minded people. Its Free!

X 

All Updates


Description:
Magnitogorsk Iron and Steel Works ( / ), 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.

Revenue

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

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

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. 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.

References



See also


Read More

No feeds found

All
Posting your question. Please wait!...


About

Company
No messages found
Suggested Pages
Zid
Zid
Tell your friends >
about this page
 Create a new Page
for companies, colleges, celebrities or anything you like.Get updates on MyPage.
Create a new Page
 Find your friends
  Find friends on MyPage from