Steel
Steel products
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Company type | Joint stock |
---|---|
Industry | Mining, steel |
Founded | 1999 |
Headquarters | Moscow |
Key people | Nazim Efendiev (chairman of the board of directors) [1] |
Products | Iron ore Steel Steel products Financial services |
Revenue | ₽363 billion [2] (2017) |
$1.14 billion [3] (2016) | |
$1.15 billion [3] (2016) | |
Total assets | $6.2 billion [3] (2016) |
Total equity | $975 million [3] (2016) |
Owner | USM Holdings (100%) [4] |
Number of employees | 60,000 (2014) [5] |
Website | metalloinvest.com |
Metalloinvest Management Company LLC (Russian: Металлоинвест) is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Elektrometallurgical Plant (OEMK) and Ural Steel). USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively. [4]
In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence. [6] In 2022, the company's revenue amounted to 121 billion rubles. [7]
Investments
Mining
Metallurgy
Mechanical engineering
Distribution and other
HoReCa
On April 27, 2020 Andrey Varichev, CEO of the company, died of bilateral pneumonia. [20]
In 2020-2023 the post of CEO of the company was held by Nazim Efendiyev, previously the first deputy of Varichev.
In December 2023 Efendiev moved to the position of Chairman of the Board of Directors of Metalloinvest, and Deputy Oleg Krestinin was appointed in his place. [21]
Domestic competitors include Evraz Group and Novolipetsk Steel.
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The Privat Group, or PrivatBank Group is a global business group, based in Ukraine. Privat Group controls thousands of companies of virtually every industry in Ukraine, the European Union, Georgia, Ghana, Russia, the United States and other countries. Steel, oil & gas, chemical and energy are sectors of the group's prime influence and expertise. None of the group's capital is publicly traded on any stock exchange.
EVRAZ plc is a UK-incorporated multinational steel manufacturing and mining company part-owned by Russian oligarchs. It has operations mainly in Russia as well as the USA, Canada, and Kazakhstan. As of 2015, the ultimate beneficial owners were Russian oligarchs Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Aleksandr Frolov (10.78%) with the remaining 36.6% shares owned by other shareholders.
Norilsk Nickel, or Nornickel, is a Russian nickel and palladium mining and smelting company. Its largest operations are located in the Norilsk–Talnakh area near the Yenisei River in the north of Siberia. It also has holdings in Nikel, Zapolyarny, and Monchegorsk on the Kola Peninsula, in Harjavalta in western Finland, and in South Africa.
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Alisher Burkhanovich Usmanov is an Uzbek and Russian businessman and investor. By 2023, Usmanov had an estimated net worth of $14.5 billion and was among the world's 100 wealthiest people.
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West-Siberian Metal Plant(Russian: Западно-Сибирский металлургический комбинат) is a metal plant in the city of Novokuznetsk in Kemerovo Oblast in southwestern Siberia, founded on 27 July 1964. The West-Siberian Metallurgical Plant is owned and operated by Evraz. The company's name is abbreviated to ZSMK (Russian:ЗСМК). It is one of the largest smelters in the Siberian region and the fifth-largest metallurgical plant in Russia. ZSMK's products are sold in over 30 different countries around the world.
Metal production, in particular iron and steel industry, is the dominant heavy industry in Ukraine. Ukraine is the world's eighth largest producer and third largest exporter of iron and steel (2007). Ukrainian iron and steel industry accounts for around 2% of worldwide crude steel output, 5% to 6% of the national gross domestic product and 34% of Ukrainian export revenue. In 2007 it employed 420,000 people – 10% of industrial labor and 2% of the total workforce. It has the highest, by a wide margin, revealed comparative advantage of all branches of the Ukrainian economy. The industry peaked at 42.8 million tonnes in 2007 but has been gravely affected by the financial crisis of 2007–2010 and declined to 29.8 million tonnes in 2009.
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The metallurgy industries of Russia make up about 5% of Russia's GDP, about 18% of industrial production and about 14% of exports, as of 2009. The volume of metallurgical production was 1.87 trillion rubles (2009). Investments in fixed assets in metallurgy were 280 billion rubles (2008). The average salary in the metallurgical industry was 23,258 rubles / month.
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