September 5, 2013. Under the President of the Russian Federation Vladimir Putin’s decree, BOD Chairman of Magnitogorsk Iron & Steel Works (MMK) and President of MMK Management Company Viktor Rashnikov was awarded the 2nd degree Order For Merit to the Fatherland.

Head of Magnitogorsk Iron & Steel Works was given this high-profile award in recognition of his many years’ conscientious performance and great contribution to the development of the metallurgical industry, MMK reports.

The large-scale modernization program implemented at MMK over the last decade resulted in the metallurgical giant’s major revival. The investment program covers such areas as: an expanded range of products and new kinds of products, enhanced production efficiency, and more deep-level processing goods for the home market. Among the grandest investment projects within the program were: the launch of a modern electric steel-smelting facility in 2006, a major renovation of the rolling section production department in 2005-2006, the construction of several hot-dip galvanizing and coating facilities in 2009, and the launch of an all-purpose facility for the production of high quality automobile body sheets in 2011-2012. All in all, MMK Group invested $8.8bn in technical upgrades in 2000-2012.