MMK-METIZ Boosts Production by 22%

In 2007 the Magnitogorsk MMK-Metiz Plant manufacturing steel wire, cables, mesh and fasteners (“metalware”), and forming part of the OJSC MMK Group, produced 32% of Russia’s total output of such products.
   Last year the production level at the Magnitogorsk MMK-Metiz Plant grew by 22% reaching 746,600 tn. This growth is, in the first place, attributable to a steady supply of raw materials made possible thanks to a smoothly operating purchasing system and the fact that the key supplier of steel to the plant is OJSC MMK, the mother company. Another positively contributing factor is a sound marketing philosophy aimed at attaining maximum sales efficiency.
   The best performers have been the plant’s divisions producing railway fasteners, general purpose wire, wire nails, calibrated steel, steel strips, and core wire.
According to the data from the PROM-METIZ Association and the Metal Supply&Sales Magazine, in 2007 MMK-Metiz became a leader in production growth rates among Russian metalware producers. In terms of production performance and market share, the plant now holds the second place. MMK-Metiz share in the total Russian production of metalware rose to 32%, from 27% in 2006.
   Testimony to the success of the plant’s unrelenting effort to improve production management and product quality is the fact that about 70% of all its products have been certified to Russian and international standards.
   For MMK-Metiz 2007 was the first full year of its existence as a single enterprise. On June 1, 2006, the Magnitogorsk Steel Sizing Plant and the Magnitogorsk Metalware Plant were merged in one joint stock company now known as MMK-Metiz.
   The positive dynamics of production has confirmed the logic of the decision to unite the two similar plants which resulted in a significant synergic boost in performance and strengthening MMK-Metiz’s position on the Russian metalware market.