MMK Honored for Growth, Efficiency, Responsibility Efforts
02/15/2012 - MMK won first place for the nomination “Social programs for employees, supporting motherhood and childhood” in recognition of the company’s achievements in corporate social responsibility in 2011. The annual award is granted by the Russian Union of Industrialists and Entrepreneurs.
MMK won first place for the nomination “Social programs for employees, supporting motherhood and childhood” in recognition of the company’s achievements in the area of corporate social responsibility in 2011.
The annual award, which is granted by the Russian Union of Industrialists and Entrepreneurs, uses a rating system designed to recognize companies that support sustainable development corresponding to long-term economic interests of the business.
The awards ceremony was held recently as part of the annual “Week of Russian Business 2012” forum organized by the Russian Union of Industrialists and Entrepreneurs. MMK was recognized for fulfilling its voluntary obligations to society. The company’s annual budget for charity and social programs designed for both employees and residents of Magnitogorsk is more than RUB 1 billion.
Among the priorities of the factory’s social program are supporting motherhood and childhood. MMK’s charity foundation “Metalurg” (Steelmaker) has been implementing a multi-faceted charity program called “XXI Century for the children of the Southern Urals.” The program aims to support social infrastructure, organize entertainment and cultural programs for children, among others.
MMK also continues to implement its “Affordable housing for MMK employees” program. In 2012, two new multi-story residential buildings with a total floor space of 6780 square meters will be delivered. In 2011, 300 MMK employees held housewarming celebrations. The cost of housing per square meter for employees of the factory is the lowest in Magnitogorsk, the company claims.
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 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.
