Press Room

Metalloinvest honours Alexey Ugarov by renaming OEMK

14 October 2020

Metalloinvest, a leading global iron ore and HBI producer and supplier, and one of the regional producers of high-quality steel, announces the renaming of OEMK in honour of Alexey Ugarov.

Nazim Efendiev, CEO of Management Company Metalloinvest, said: "Alexey Ugarov brought with him a combination of unique experience, deep knowledge, managerial talent and love for his homeland and his work. He is remembered and respected for his determination, responsibility and integrity. Alexey aspired to introduce advanced technologies, maintain industry leadership and take care of the wellbeing of his employees and town residents, which is the basis of OEMKs development philosophy. It is a great honour and responsibility for the enterprise to bear his name."

Andrey Ugarov, First Deputy CEO, COO of Management Company Metalloinvest, commented: "I am grateful to the Company's shareholders for their decision to give my father's name to the enterprise, which was his life's work. This is a gesture of personal respect to him and a recognition of the importance and significance of the work of all steelworkers."

Sergey Shishkovets, Managing Director of OEMK, said: "The history of OEMK, from the creation of modern facilities and the construction of Rolling Mill 350 to the development of new products, is closely linked with the name of Alexey Ugarov. During our countrys most difficult years, Alexey managed to preserve and safeguard the enterprise and its team while also making a significant contribution to the development of our town. His productive work will be remembered by multiple generations of steelworkers and Stary Oskol residents."

Alexey Ugarov was born in Moscow in 1930. He graduated from Moscow Institute of Steel and Alloys. He worked at Cherepovets Steel Mill and at Novolipetsk Steel. He started his career at OEMK as Chief Engineer in August 1985, and after two months was promoted to Director. He headed up OEMK for 26 years.

Alexey Ugarov is an Honoured Metallurgist of the RSFSR, a two-time laureate of the Russian Federation Government Prize in the field of science and technology and a recipient of numerous state awards. He was awarded the title of Honoured Citizen of Stary Oskol in 1998 and awarded the title of Honoured Citizen of the Belgorod Region in 2000.

OEMK is unique among Russian producers using direct reduction technology. The enterprise carries out direct reduction of iron and smelting in electric furnaces, which enable steel production to be free from harmful impurities and residual elements, while minimising environmental impact in the process.

OEMK is a leading Russian producer of special bar quality (SBQ) steel that meets the requirements of modern global automotive and mechanical engineering industries.

Anton Troshin

Anton Troshin

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

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