MMK Group Plans to Significantly Increase Budget for Environmental Initiatives in 2015
04/20/2015 - OJSC Magnitogorsk Iron and Steel Works plans to implement 72 initiatives within its approved 2015 Environmental Programme with a budget exceeding 3.3 bln roubles*, covering all the mill’s production plants and MMK Group entities.
Traditionally, the major projects are aimed at decreasing pollutant emissions. This includes renovation work on the sulphur collecting units at the sintering plant, renovating the coke gas chilling cycle at block No 1 of the coke-chemical production facility, and initiatives focusing on electrical supervisor departments. Expenditure on air protection measures will amount to over 2.9 bln roubles, while the expected decrease in pollutant emissions will be over 13,000 tonnes in 2015.
Over 400 mln roubles will be allocated under the Environmental Programme to decreasing water consumption, decreasing pollution discharge into water facilities, and maintaining the efficient operations of the water circulation systems and water-treatment facilities, industrial waste utilisation and the re-cultivation of affected land.
OJSC MMK is acutely aware of its responsibility to limit environmental impact within its area of influence. OSJC MMK has placed reducing negative environmental impact as among the key strategic goals in its long-term sustainable development plan. This is affirmed by its Environmental Policy adopted by management, and by the certification of an environmental management system in accordance with ISO 14001, issued by independent international certification organisation TUV NORD (Germany).
*For reference: As of 15 April 2015 RUB/USD rate was 51.9749
MMK is one of the world's largest steel producers and a leading Russian metals company. 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 high-value-added products. In 2014, the company produced 13.0 million tonnes of crude steel and 12.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.
Over 400 mln roubles will be allocated under the Environmental Programme to decreasing water consumption, decreasing pollution discharge into water facilities, and maintaining the efficient operations of the water circulation systems and water-treatment facilities, industrial waste utilisation and the re-cultivation of affected land.
OJSC MMK is acutely aware of its responsibility to limit environmental impact within its area of influence. OSJC MMK has placed reducing negative environmental impact as among the key strategic goals in its long-term sustainable development plan. This is affirmed by its Environmental Policy adopted by management, and by the certification of an environmental management system in accordance with ISO 14001, issued by independent international certification organisation TUV NORD (Germany).
*For reference: As of 15 April 2015 RUB/USD rate was 51.9749
MMK is one of the world's largest steel producers and a leading Russian metals company. 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 high-value-added products. In 2014, the company produced 13.0 million tonnes of crude steel and 12.2 million tonnes of commercial steel products. MMK Group had sales in 2014 of USD 7,952 million and EBITDA of USD 1,607 million.
