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October 24, 2019

MMK expands its corporate information system

MagnitogorskIron and Steel Works (MMK) has successfully completed the first stage of a large-scale project to implement a unified corporate information system (CIS) based on Oracle R12 for the Group's organizations.

The two organizations transferred to MMK's unified corporate system were United Service Company (which provides a range of maintenance and repair services) and MMK-METIZ (one of the leading Russian manufacturers of hardware products). Within the first months of implementation, these companies were able to more clearly observe and manage production and material flows and top optimize their decision making.

“The aim of the project is to create a single information space for MMK Group’s key organizations, to introduce the world's best business practices, and to prepare a platform for the implementation of the Industry 4.0 strategic initiative," said the project leader, Director of Economics at MMK Andrey Eremin.

The second phase in the implementation of the Oracle R12 project in two more MMK Group organizations was launched on October 1, in accordance with corporate system development plans: these were Mekhanoremontny Komplex (the producer of equipment and spare parts for metallurgical production) and MMK-Lysvensky Metallurgical Plant (a producer of coated rolled products).

The new corporate system will unify business processes in these organizations and increase their efficiency and transparency. CIS will allow companies to rise to a new level of management, accounting and control in accordance with MMK's corporate standards. New IT technologies will help management to speed up the process of making optimal decisions and will improve business efficiency.

The creation of a management system for MMK Group based on Oracle R12 will serve as the foundation for the company's further development, including its digital transformation, and will help the company to maintain its leading positions in the industry.

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.

Media contacts:
Dmitry Kuchumov
tel.: +7 (499) 238-26-13
Dmitry Bulin
tel.: +7 (499) 238-26-13




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