MMK’s investments for 2024 are estimated at 101.2 billion rubles, making it the second-largest investor among all companies in the Ural region and the top investor in the Chelyabinsk region.
The investment indicator includes the creation of long-term assets such as industrial facilities, administrative buildings, equipment, transport infrastructure, as well as investments in joint ventures. The ranking uses data from publicly available financial and accounting reports, as well as figures from the Federal Tax Service of Russia and Rosstat.
Continuous Investment Strategy
MMK’s long-term investment strategy focuses on high-tech modernization of production — including the construction of new industrial assets and the upgrading of existing ones — while prioritizing reductions in environmental impact. The company actively invests in both modernizing current facilities and launching new ones, with an emphasis on producing import-substitution products.
Major 2024 Projects
The largest investment project completed in 2024 was the launch of Coke Battery No. 12, a full-cycle industrial complex. The project required nearly 90 billion rubles in investment. With an annual capacity of 2.5 million tonnes of dry coke, the new battery covers half of MMK’s internal demand for coke. Its commissioning — which took place with Russian President Vladimir Putin joining via video link — enabled the shutdown of outdated coke production units, bringing significant environmental benefits to Magnitogorsk.
Another major project was the construction of an air separation unit at MMK’s oxygen workshop, with investments totaling 16.5 billion rubles. This high-capacity and technologically advanced facility now fully supplies MMK with high-quality air-separation products.
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