The Government of the Samara Region and MMK will build a logistics center in Togliatti

The signing ceremony took place during the St. Petersburg International Economic Forum. It was attended by the Governor of the Samara Region Dmitry Azarov, Chairman of the Board of Directors of MMK Viktor Rashnikov and General Director of the company Pavel Shilyaev. “The Samara Region is a long-time and reliable partner of Magnitka. MMK's modern, innovative rolled metal products are highly demanded by the local automotive industry, which is one of the foundations of Russian machine building. The new production and logistics center will consolidate the course for the strategic partnership of Magnitka with the automakers of the region and will allow us to reach a new level of cooperation, "said Pavel Shilyaev. Construction of the center is planned to begin at the end of this year and be completed in the first quarter of 2021. It will be able to hold up to 150 thousand tons of metal products at a time. The opening of the center will fully satisfy the needs of the automotive industry in the supply of high-quality rolled metal of PJSC MMK and consolidate the company's leading position in the market for the supply of metal products for the automotive industry. PJSC "MMK " PJSC "Magnitogorsk Iron and Steel Works" is one of the world's largest steel producers and occupies a leading position among the iron and steel industry in Russia. The company's assets in Russia represent a large metallurgical complex with a full production cycle, from the preparation of iron ore raw materials to the deep processing of ferrous metals. MMK manufactures a wide range of steel products with a predominant share of high value-added products. In 2018, MMK Group produced 12.7 million tonnes of steel and sold 11.7 million tonnes of steel products. MMK Group's revenue for the last year amounted to $ 8.214 billion, EBITDA - $ 2.418 billion.