Home / Press Releases / Metalloinvest to spend over RUB 1.5 billion on digital transformation in 2021

Metalloinvest to spend over RUB 1.5 billion on digital transformation in 2021

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Metalloinvest, a leading manufacturer and supplier of iron ore products and hot briquetted iron in the world market, one of the regional producers of high-quality steel, will allocate more than 1.5 billion rubles to implement projects of the Company's digital transformation program in 2021.

Speaking at the session “Creating value through technological transformation: how business leaders are changing the world” at the St. Petersburg International Economic Forum, CEO of Metalloinvest Nazim Efendiev said that the Industry 4.0 program became the first stage in the Company's digital evolution ...

The main task was to automate the Company's business processes. The introduction of the latest data management technologies was the next step. Today, Metalloinvest uses neural networks, tools for working with big data in its work processes, and uses the latest high-tech devices, for example, trackers to analyze employee health parameters.

“Digital solutions can improve production safety, operational efficiency, mobilize hidden resources, improve product quality, and open up new models of interaction with consumers,” said Nazim Efendiyev. - In the field of digital transformation, we plan to implement more than 300 initiatives and 70 projects during this year. More than 1.5 billion rubles have been allocated for these purposes ”.

The project portfolio of the digital transformation program includes 4 main areas:

  • "Digital quarry" - visualization of the end-to-end production chain, career maps, positioning of equipment and functional works. Analysis of information on production, work of employees, optimal operation of equipment occurs online.
  • "Digital asset" - to a greater extent affects the increase in production efficiency in terms of technological processes ("advisers" systems based on mathematical models and statistics), the metallurgical segment ("digital melting"), projects aimed at cost reduction and cost increase.
  • The "digital worker" plays an important role in maintaining the health of employees, providing them with the latest digital tools for working in production (mobile devices during the work of repair services, systems "advisors" of consumables in the main production), comfortable and fast communication employees using robotization, messengers, management of interaction with the company via a mobile phone. The heavy vehicle driver monitoring system transmits a signal if the driver's attention falls. The introduction of new digital technologies also makes it possible to continuously monitor the health of workers. All of this helps to reduce injuries and eliminate workplace fatalities.
  • "Digital office" is a direction that has become especially important when working remotely. Every day has gone digital - from online meetings, remote work from anywhere in the world without losing quality, to large-scale online meetings and entertainment.
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