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March 1, 2019

Southern Ural industrialists and entrepreneurs to discuss environmental issues

The President of the Union of Industrialists and Entrepreneurs (UIE) of the Chelyabinsk Region and Chairman of the Board of Directors of Magnitogorsk Iron and Steel Works (MMK), Victor Rashnikov, will hold a meeting of the Board of UIE on Friday. The discussion will focus on the national project Ecology and the diversification of production of military-industrial complex.

The meeting of the Board of the Regional Public Organisation and Employer's Association will be held at the ski resort Abzakovo. The participants will include executives and government officials from the Chelyabinsk Region, representatives of the Military-Industrial Commission of Russia, the Vice President of the RSPP, members of the regional-level government economic department, state deputies from the Duma and the legislative assembly of the Chelyabinsk Region, senators of the Russian Federal Council, the Commissioner for the Protection of Entrepreneur's Rights of the Chelyabinsk Region, heads of municipalities, and representatives of business associations in the region.

The meeting will focus on the Presidential Decree to implement Ecology, a national project concerning clean air and clean water. As part of the presidential decree No. 204 dated 07.05.2018 "on national goals and strategic objectives of the Russian Federation for the period up to 2024", at the end of last year the government approved a Comprehensive Action Plan to reduce emissions of pollutants into the air in the city of Magnitogorsk. The key elements of the Comprehensive Action Plan are MMK's projects developed as part of their strategic "Clean City" initiative. Their introduction should reduce pollutant emissions into the air by more than 18,000 tonnes. The total MMK’s investment in environmental projects between 2018 and 2025 is expected to exceed RUB 38 billion.

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 million tonnes of crude steel and 11.7 million tonnes of commercial steel products. MMK Group had sales in 2018 of USD 8,214 million and EBITDA of USD 2,418 million.

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