MMK Announces New Appointments at Interkos-IV
10/11/2011 - Interkos-IV, part of the MMK Group, announced the appointment of Roman Gan as the company’s new Chief Executive, and Timur Shoshtaev as Adviser to the Chief Executive.
Interkos-IV, part of the MMK Group, announced the appointment of Roman Gan as the company’s new Chief Executive. The company also appointed Timur Shoshtaev, the former director and one of the founders of Interkos-IV, as Adviser to the Chief Executive.
Gan previously served as an executive at the auto parts manufacturer Benteler Automotive and at the Sollers Naberezhnye Chelny car manufacturing plant.
“This appointment will enable us to more efficiently meet the needs of the large cluster of car manufacturers that has formed in the northwestern region of Russia,” said MMK CEO Boris Dubrovsky. “Our shipments to auto manufacturers are on track to reach planned levels, and we have reinforced our management team to ensure the effective sales and marketing of our products.”
MMK commissioned the first phase of the MMK-Interkos stamped components and forged steel service factory in November of last year. The first phase has an annual production capacity of more than 250,000 tonnes of steel products. A second production line is currently in design stage.
Interkos-IV produces steel products intended for automobiles, household appliances, the construction industry, mechanical engineering, shipbuilding and other industries. Prefabs, stamped parts and components are designed for automobile manufacturers and parts suppliers, including Ford, General Motors Company, Nissan, Hyundai, Renault Group, Volkswagen, PSA, and Magna, as well as for home appliances manufactured in Russia and overseas by Bosch und Siemens Hausgerate GmbH, LG Corp., Indesit Company, and others.
MMK (Magnitogorsk Iron & Steel) is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher-value-added products. In 2010 the company produced 11.4 million tonnes of crude steel and 10.4 million tonnes of commercial steel products, and reported revenue of USD 7.719 billion, EBITDA of USD 1.606 billion, and profit of USD 232 million.
“This appointment will enable us to more efficiently meet the needs of the large cluster of car manufacturers that has formed in the northwestern region of Russia,” said MMK CEO Boris Dubrovsky. “Our shipments to auto manufacturers are on track to reach planned levels, and we have reinforced our management team to ensure the effective sales and marketing of our products.”
MMK commissioned the first phase of the MMK-Interkos stamped components and forged steel service factory in November of last year. The first phase has an annual production capacity of more than 250,000 tonnes of steel products. A second production line is currently in design stage.
Interkos-IV produces steel products intended for automobiles, household appliances, the construction industry, mechanical engineering, shipbuilding and other industries. Prefabs, stamped parts and components are designed for automobile manufacturers and parts suppliers, including Ford, General Motors Company, Nissan, Hyundai, Renault Group, Volkswagen, PSA, and Magna, as well as for home appliances manufactured in Russia and overseas by Bosch und Siemens Hausgerate GmbH, LG Corp., Indesit Company, and others.
MMK (Magnitogorsk Iron & Steel) is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel-producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher-value-added products. In 2010 the company produced 11.4 million tonnes of crude steel and 10.4 million tonnes of commercial steel products, and reported revenue of USD 7.719 billion, EBITDA of USD 1.606 billion, and profit of USD 232 million.