Metalloinvest
 | This article needs additional citations for verification. (February 2016) |
 | |
| Company type | Joint stock |
|---|---|
| Industry | Mining, steel |
| Founded | 1999 |
| Headquarters | Moscow |
Key people | Nazim Efendiev (Chairman of the Board of Directors)[1] |
| Products | Iron ore Steel Steel products Financial services |
| Revenue | ₽363 billion[2] (2017) |
| $1.14 billion[3] (2016) | |
| $1.15 billion[3] (2016) | |
| Total assets | $6.2 billion[3] (2016) |
| Total equity | $975 million[3] (2016) |
| Owner | USM Holdings (100%)[4] |
Number of employees | 60,000 (2014)[5] |
| Website | metalloinvest.com |
Metalloinvest Management Company LLC (Russian: Металлоинвест) is a Russian mining and metallurgy company specializing in the manufacture of steel. It was founded in 1999 and is composed of a mining division (Lebedinsky GOK and Mikhailovsky GOK) and a steel division (Oskol Elektrometallurgical Plant (OEMK) and Ural Steel). USM Holdings Business Development owns 100% of Metalloinvest JSC. Alisher Usmanov is the major beneficiary of USM Holdings (60%), with other major beneficiaries — the companies of Andrei Skoch and Farhad Moshiri — owning 30% and 10%, respectively.[4]
In August 2021 Bloomberg News announced the first IPO of Metalloinvest in 2022 with around 22 billion dollars due diligence.[6] In 2022, the company's revenue amounted to 121 billion rubles.[7]
Related companies and subsidiaries[edit]
Investments
- Metalloinvest Holding in Moscow
- In August 2017, Metalloivest Holding acquired shares in Nautilus Minerals together with Mawarid Offshore Mining.[8]
Mining
- Lebedinsky Mining[9] and Processing Integrated Works/Lebedinsky GOK in Gubkin, Belgorod Oblast; 20% share of domestic iron ore market[10]
- Mikhailovsky Mining and Processing Integrated Works/Mikhailovsky GOK[11] in Zheleznogorsk, Kursk Oblast; another 20% share of the domestic iron ore market
- Norilsk Nickel: in July 2017 Metalloinvest Cyprus, an indirect subsidiary of Metalloinvest, completed the sale of its 1.79% stake in mining company Norilsk Nickel.[12] The sale raised around $400 million.[13]
Metallurgy
- Ural Steel, based in Novotroitsk, Orenburg Oblast; large Russian integrated steel manufacturer. In 2017 SteelAsia announced an increase in the amount of steel to be purchased from Metalloinvest owned Ural Steel.[14] In February 2022, Metalloinvest announced the sale of 100% of "Ural Steel" to Zagorsky pipe plant.[15]
- Oskol Electrometallurgical Integrated Works in Stary Oskol, Belgorod Oblast; large electric steel manufacturer[16]
- Oskol Trading Metallurgical Company LLC in Moscow
- Moldova Metallurgical Plant (MMP), large electric steel manufacturer[17]
- Provider of 1.6 million tons of pellets and 1.8 million tons of iron to Evraz in a partnership deal signed in August 2017[18]
Mechanical engineering
- ORMETO – YUMZ Mechanical Engineering Group of Companies in Orsk, Orenburg Oblast; metallurgy, mining and energy engineering; industrial equipment manufacture
Distribution and other
- Metalloinvesttrans, transport, rail transport, sea terminals
- OJSC Tulachermet
HoReCa
- Safisa, restaurant[19]
Competition[edit]
Domestic competitors include Evraz Group and Novolipetsk Steel.
See also[edit]
References[edit]
- ^ ""Металлоинвест" сменил гендиректора". RBC (in Russian). 4 December 2023.
- ^ "Рейтинг крупнейших компаний России по объему реализации продукции". Expert RA. Archived from the original on 28 October 2018. Retrieved 28 October 2018.
- ^ a b c d Error: Unable to display the reference properly. See the documentation for details.
- ^ a b "Shares". Archived from the original on 4 March 2016. Retrieved 28 February 2016.
- ^ "Archived copy" (PDF). Archived (PDF) from the original on 11 March 2016. Retrieved 28 February 2016.
{{cite web}}: CS1 maint: archived copy as title (link) - ^ "Russian Ore Giant Pushes Greener Steel Before Potential IPO". Bloomberg News. 20 August 2021.
- ^ "АО "ХК "Металлоинвест"". www.rusprofile.ru (in Russian). Retrieved 27 October 2023.
- ^ "Nautilus completes US$2 Million Private Placement". Archived from the original on 7 October 2017. Retrieved 7 October 2017.
- ^ Davies, Rob; Beizsley, Daniel (11 September 2016). "Taxpayers funded loans for foreign metals firm amid UK steel crisis". The Guardian. ISSN 0261-3077. Archived from the original on 4 October 2017. Retrieved 19 September 2017.
- ^ Lebedinsky GOK
- ^ "Russian businessman Usmanov rejects opposition activist Navalny's bribe charges". TASS (in Russian). Archived from the original on 16 May 2017. Retrieved 19 September 2017.
- ^ "Metalloinvest to sell Norilsk Nickel stake - bookrunner". Reuters. 20 July 2017. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
- ^ Reuters Editorial. "BRIEF-Russia's Metalloinvest sells Nornickel stake at $14.10/share". U.K. Archived from the original on 19 September 2017. Retrieved 19 September 2017.
{{cite news}}:|author=has generic name (help) - ^ "BusinessWorld | SteelAsia forges deals with Russian steel makers". www.bworldonline.com. Archived from the original on 5 August 2017. Retrieved 19 September 2017.
- ^ "Металлоинвест продаст Уральскую сталь Загорскому трубному заводу" (in Russian). Интерфакс. 3 February 2022.
- ^ "Oskol". Archived from the original on 26 September 2017. Retrieved 1 April 2020.
- ^ MMP
- ^ "Evraz Signs Deal With Metalloinvest For Supply Of Iron Ore, Pellets". 7 August 2017. Archived from the original on 2 September 2017. Retrieved 19 September 2017.
- ^ "Металлоинвест приобрел дом торжеств Сафиса на Воробьевых горах" (in Russian). Интерфакс. 25 January 2022.