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Metalloinvest and LUKOIL signed an agreement on cooperation and joint activities

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Metalloinvest, a leading manufacturer and supplier of iron ore products and hot briquetted iron (HBI) in the world market, one of the regional producers of high-quality steel, and LLK-International (a 100% subsidiary of PJSC LUKOIL) signed an agreement on cooperation and joint activities.

The Companies are expected to carry out partnerships in the development, testing and use of new lubricants and other petroleum products, including biodegradable ones, demanded by Metalloinvest enterprises.

“Engine oil LLK-International has been used for servicing the main mining equipment of Mikhailovsky and Lebedinsky mining and processing plants since 2011. The high quality of these products has been proven in practice, - said Maria Kovalenko, Procurement Director of Metalloinvest. - The new agreements cover a wide range of issues aimed at optimizing costs and reducing the total cost of ownership of equipment. These are joint technical audits, development of investment programs, including service solutions, cooperation in quality control and testing of new products, exchange of experience between laboratory staff. "

“Such projects contribute to the development of new lubricants and integrated industrial solutions aimed at ensuring smooth production processes. We are confident that cooperation with LUKOIL will help improve the level of service for servicing equipment in the quarry and repair zones of Metalloinvest's mining enterprises, as well as freeing up resources for solving strategic tasks related to the extraction of iron ore and the production of high-quality iron ore products, "said the CEO of OOO LLK-International Kirill Vereta.

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