Press Room

Metalloinvest acts as general partner and participant in seventh Central Russian Economic Forum

8 June 2018

Metalloinvest served as a general partner and participant in the seventh Central Russian Economic Forum, which took place in Kursk. Represented were around 1,500 representatives of state organisations, higher educational institutions, industrial and agricultural companies, funds set up to support scientific developments and innovations, small businesses and non-profit organisations. The Central Russian Economic Forum was visited by representatives from Germany, Slovakia, India and Panama, among other countries, as well as 20 Russian regions.

This year, the Forum was dedicated to the theme ‘On the Path to the Knowledge Economy’, and showcased the experience of Russian regions, and the industrial cluster for innovations aimed at significantly boosting the economy and increasing the efficiency of production processes.

Metalloinvest is currently implementing its Industry 4.0 global business transformation programme.

Andrey Varichev, CEO, Management Company Metalloinvest, commented: “Metalloinvest is governed in its development by a responsible approach to the use of available natural resources, and bases its activities on the most cutting-edge scientific developments and modern technologies. We are confident that wide-scale changes as part of the Industry 4.0 programme and the consequent implementation of investment plans will create for the Company a pipeline of many years of successful operations in highly-competitive conditions.”

The use of advanced technologies throughout the production chain reinforces Metalloinvest’s position as one of the leading international producers of high added value iron ore and steel products.

At Mikhailovsky GOK, Metalloinvest’s enterprise in the Kursk region, the Company began operations at pellet plant #3 in 2015. At Lebedinsky GOK in the Belgorod region, Metalloinvest launched HBI-3 Plant, one of the largest HBI production facilities in the world. By launching new facilities as part of its investment programme, the Company has increased its production volumes of high-quality pellets and hot briquetted iron, a premium metallised product.

Metalloinvest maintains partnerships with international suppliers and global leaders in their sectors including Midrex, Danieli, SMS and Tenova. The Company also uses a wide array of Russian design and engineering solutions, in this way supporting the development of domestic scientific innovation. Metalloinvest owns the scientific and innovation organisations Gipromez and TOREX, which develop technologies for the iron ore and steel sectors. Specialists from Gipromez developed the design and budget documentation for HBI-3 plant, the key facility in Metalloinvest’s investment programme, as well as for several other projects, including the reduction and calibration section at OEMK, and Roller Treatment Furnace #1 at Ural Steel.

Sergey Kretov, Managing Director, Mikhailovsky GOK, added: “Specialists from TOREX developed and carried out all engineering measures at pellet plant #3, working in collaboration with the engineering and technical staff at Mikhailovsky GOK.”

Metalloinvest helps to support the development of the human resources potential in the regions in which it operates, by providing assistance for the development of professional colleges and supporting regional WorldSkills competitions. In 2018, with the participation of the Company, the creation of Kvantorium', a children's science park in Zheleznogorsk, is planned.

Anton Troshin

Anton Troshin

Corporate Communications Department
Tel.: +7 (495) 981-55-55

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