13,965.65 TRY BIST 100 BIST 100
45.95 USD USD USD
6.82 CNY CNY CNY
53.42 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.45 TRY Interest Interest
96.86 USD Fossil Oil Fossil Oil
6.44 USD Copper Copper
108.18 USD Silver Silver
103.64 USD Iron Ore Iron Ore
400.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,611.19 TRY Gold (gr) Gold (gr)
103.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

MMK Group to invest 14 billion rubles in forging production plant

MMK Group aims to significantly reduce imports by completing the forging production facility in 2026 with an investment of 14 billion rubles.

MMK Group to invest 14 billion rubles in forging production plant

Mechanoremontny Complex LLC (MRK LLC), a subsidiary of MMK Group, is continuing construction of a casting and forging workshop aimed at producing import-substituting machinery for Russia and CIS countries. The project is being implemented with the support of the Industrial Development Fund and will cost more than 14 billion rubles.

The annual production capacity of the new workshop is planned to be about 24 thousand tons, while the project is expected to create over 770 jobs. The facility is expected to be completed in the last quarter of 2026.

The modern full-cycle production facility will focus on the production of forged rollers for cold and hot rolling mills, as well as oversized forgings with a billet weight of up to 120 tons. The plant is expected to meet all of MRK LLC's forging roll requirements as part of its integrated development program, reducing imports from 80% to 30%.

The overall design of the project is being carried out by FSUE TsNIIchermet, while JSC “Rentmontazh” is the main construction contractor. So far, the construction of the retaining walls has been completed; excavation works and foundation dismantling operations have been completed on an area of 60 thousand square meters. A total of 74 pieces of technological equipment are planned to be installed in the workshop.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

thyssenkrupp Steel resumes production at No. 4 hot strip mill in Duisburg

Thursday, June 4, 2026

UK to cut steel import quotas by 60% to protect domestic steel industry

Thursday, June 4, 2026

UK to maintain net zero target, plans to cut emissions by 87%

Thursday, June 4, 2026

Chinese Henan Jiyuan signs agreement with Danieli for new EAF investment

Thursday, June 4, 2026

Türkiye ranked among the world’s leading countries in per capita steel consumption

Thursday, June 4, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now