Metallurg Carries Performance Report for 2017

UrBC, Magnitogorsk, March 16, 2018. Magnitogorsk Iron & Steel Works (MMK)-sponsored Metallurg Charity Foundation came up with a performance report for the year 2017, MMK Information, PR & Advertising Department reports.

The meeting dedicated to the representation of the report was attended by MMK Director-General and member of the foundation’s board of trustees Pavel Shilyayev, who spoke about the company’s primary achievements last year.

‘All our performance indicators improved in 2017 compared with the earlier periods. We made 12.9 tons of steel and 11.6m tons of metal goods and have been paying increasingly more taxes. The company is trying to make its production routines even more efficient, so we encourage our workers to put forth improvement proposals. RUR 24m got paid in premiums for successful proposals last year alone. We also pay special attention to job safety issues; besides, the funding allocated for social programs went up from RUR 1.2bn in 2016 to RUR 1.4bn in 2017. We also had a number of successful environmental projects last year. We intend to keep on working in all these directions,’ Shilyayev said.

Metallurg’s Director Valentin Vladimirtsev also made a report on the foundation’s performance in 2017: welfare benefits and medical services for the less affluent residents of Magnitogorsk, low-rent housing, maternity programs, and support of talented children. The foundation spent around RUR 450m on charity projects last year.

This year, the goal is to carry on working on the current projects, with funding at RUR 700m.

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