META sells over 1,300,000,000 kg of scrap metal in 2014

25 February 2015 (13:49)

February 25, 2015. META (a member enterprise of ChTPZ Group) sold 1,357,000,000 kg of scrap ferrous metal in 2014; this was 17% better than in 2013 (1,161,000,000 kg). The figure includes 763,000,000 kg of the Group’s own scrap metal and 594,000,000 kg of transit one, the Group’s press service says.

The increase in sales has to do with the fact that the company has been creating more supplies to provide enough pipe ingots for the Group’s weldless pipe production as well as with the fact that the company bought transit scrap metal from external contractors on improved terms.

META Perm, META Chelyabinsk, and Vtorchermet did best last year: their sales rose by 16%, 11%, and 10%, respectively, against a year earlier.

‘This year, the company expects to optimize its business processes and cut costs by eliminating the inefficient links in the production chain, launching new production sites, partially replacing our fixed assets, and centralizing some of the managerial functions. Special attention will be paid to customer service development,’ says META Director-General Andrei Vorozheikin.

META was set up in 2004 and is now one of Russia’s leading scrap metal processing companies; its share of the home market reached 6% in 2014. The company’s strategic goal is to provide ChTPZ Group’s pipe-manufacturing division with recyclable raw stuffs.

META mainly deals in collecting, recycling, and selling ferrous and non-ferrous scrap metal on home and foreign markets. The company runs 63 sites in twelve different parts of Russia, where they are operated by META Yekaterinburg, META Perm, META Chelyabinsk, Samaravtormet, and Vtorchermet.

Other materials on the topic::