MMK Buys LMK Group

UrBC, Magnitogorsk, December 12, 2017. Magnitogorsk Iron & Steel Works (MMK) completed its purchase of LMK Group’s assets, the company Information, PR & Advertising Department reports.

MMK now controls Lysva Metallurgical Company, Lysva Metallurgical Plant, and Insayur-Avtotrail-TL.

‘LMK Group is Russia’s only producer of electrolytically galvanized rolled goods with protective coatings. This produce is popular with carmakers, builders, and machine-builders. The Group makes a wide range of coated metal goods, including Steel Art, a new-generation material with unique consumer properties. LMK’s overall production capacity in terms of making cold-rolled products with polymeric coating comes to 350,000,000 kg a year,’ the Department says.

‘Buying these assets will secure a bigger share of the market for MMK thanks to a wider product range we can now offer. Besides, this deal is expected to enhance MMK Group’s consolidated efficiency and marketability, as we’ll be making and selling more high value-added goods. The acquisition was part of MMK’s strategy aimed at integrating all assets to do with deep-level processing of metal goods,’ says MMK Director-General Pavel Shilyayev.

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