16 March 201209:39
MMK raises shipments to carmakers 13.5%
In 2011, Magnitogorsk Iron & Steel Works (MMK) delivered 461,000 tons of metal goods to Russia-based car manufacturers, which was 13.5% more than a year earlier (406,000 tons). All in all, the share of goods the company ships to the automobile industry enterprises rose from 6.4% in 2010 to 7% in 2011, MMK reports. The company’s key car-making customers are AvtoVAZ, KamAZ, and GAZ Group. One of MMK’s current strategic goals is turning the company into the leading metal goods supplier for the Russian automobile industry. To achieve this, the enterprise is about to launch the modern