PJSC Magnitogorsk Iron and Steel Works (MMK) and LLC Siemens, a subsidiary of German Group of Companies Siemens AG, have signed a contract for the supply of electrical equipment for a period of three years.

The joint work of the companies will be organised through the Siemens online store – Industry Mall. Through the store, MMK technicians, with the help of a configurator, will be able to choose the necessary equipment and add new features to it: additional protection systems, additional sensors for engines, etc.

All operations for formulating orders using Diadok electronic document management system will now take no more than two days, while through the current system, the coordination and signing of specifications with suppliers takes two to three weeks. MMK's new system with Siemens allows the Company’s technical specialists to order new models of equipment with improved performance and coordinate plans online. Technical specialists of the two companies will be able to communicate directly within the system which will help to achieve the best result that meet the requirements of both parties.

Within the framework of the three-year contract, discounts are fixed for each group of products. Siemens specialists held a training to educate employees and connect MMK's technical specialists and workshop resources directly to the Siemens system. In the process of implementing the project, 82 MMK technical specialists were connected to the system.

About MMK
MMK is one of the world's largest steel producers and a leading Russian metals company. The company's operations in Russia include a large steel-producing unit encompassing the entire production chain, from the preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of high-value-added products. In 2018, the company produced 12.7 mln tonnes of crude steel and 11.7 mln tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 mln and EBITDA of USD 2,418 mln.

Investor contacts:
Andrey Serov
tel.: +7 (3519) 24-52-97
E-mail: serov.ae@mmk.ru

Media contacts:
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
E-mail: kuchumov.do@mmk.ru
Dmitry Bulin
tel.: +7 (499) 238-26-13
E-mail: bulin.dn@mmk.ru