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MMK Commissions First Stage of Metal Service Center and Stamped Components Facility

11/24/2010 - Intercos-IV recently commissioned the first stage of MMK-Intercos service center and stamped components plant in St. Petersburg. Construction of the project’s second stage is expected to start in 2011.

Closed joint stock company Intercos-IV, a division of MMK Group of Companies, recently commissioned the first stage of MMK-Intercos service center and stamped components plant in St. Petersburg. The official launch ceremony was attended by Russian Prime Minister Valdimir Putin and Governor of St. Petersburg Valentina Matviyenko.
 
An investment of 4.018 billion rubles in the commissioning will materialize in more than 250,000 tonnes per year of ready-made metal products. The plant can handle the entire production cycle—from developing new technologies to production of components.
 
Construction of the project’s second stage is expected to start in 2011.
 
Intercos-IV output is designed for automakers, household appliance manufacturers, construction sector, machine- and shipbuilders, and some other selected industries. Prefabricated sheets and stamped products along with pressed-and-welded components will be supplied to automakers such as Ford Motor Co., General Motors Co., Nissan Motor, Hyundai Motor Co., and Renault Group.
 
Victor Rashnikov, Magnitogorsk Iron & Steel Works, OJSC (MMK) Chairman of the Board, said: “To meet our customers’ demands even more efficiently, we will directly ship flat products from MMK for further processing at MMK-Intercos. In perspective, this newly-opened facility will process cold-rolled auto sheets shipped from Mill 2000 currently under construction at MMK.”
 
According to Rashnikov, “Mill 2000 will be producing HVA (high-value-added) products for domestic and international customers. This will boost MMK’s competitiveness and contribute to further development of metallurgy-related industries in Russia.”

Closed joint stock company Intercos-IV, founded in St. Petersburg in 1992, specializes in producing large- to extra-large dies and molds (up to 70 tonnes) and tooling for automotive industry and appliance manufacturers. MMK acquired a 75% stake in Intercos-IV in August 2007.

The open joint stock company MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher-value-added products. In 2009, the company produced 9.6 million tonnes of crude steel and 8.8 million tonnes of commercial steel products.