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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]
 | |
| 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 |
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]
Owners
edit- USM Steel & Mining Group Limited, Cyprus, Limassol, 35%
- Metalloinvest Limited, Cyprus, Limassol, 24%
- Seropaem Holdings Limited, Cyprus, Limassol, 21%
- USM Investments Limited, Cyprus, Limassol, 20%
On April 27, 2020 Andrey Varichev, CEO of the company, died of bilateral pneumonia.[20]
In 2020-2023 the post of CEO of the company was held by Nazim Efendiyev, previously the first deputy of Varichev.
In December 2023 Efendiev moved to the position of Chairman of the Board of Directors of Metalloinvest, and Deputy Oleg Krestinin was appointed in his place.[21]
Competition
editDomestic 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 http://www.metalloinvest.com/upload/iblock/1b6/metalloinvest_2016_fs_usd_en_signed.pdf.
{{cite web}}: Missing or empty|title=(help) - ^ 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.
- ^ "Умер глава холдинга «Металлоинвест» Андрей Варичев". РБК (in Russian). 27 April 2020. Retrieved 1 June 2024.
- ^ "«Металлоинвест» сменил гендиректора". РБК (in Russian). 4 December 2023. Retrieved 1 June 2024.