CMI-Metiz increased production by 45,5%

MMK-Metiz in 2010 compared to 2009 increased the production of metal products at 45.5%, to 450.03 tonnes. This was stated in the company. In this case, the production program of the year was exceeded by 9,3%. Sales of products last year compared to last year rose by more than 40% and exceeded 440 thousand tons. We note that recently the Magnitogorsk Iron and Steel Works increased its stake in MMK Metiz to 67%. Previously reported that MMK-Metiz in January-October 2010 compared to same period in 2009 increased the production of metal products at 39.2%, to 374.2 thousand tons. As you know, MMK-Metiz in III quarter of 2010 was a net loss of 45.63 million rubles. A negative result concern influenced unprofitable sales of $ 6.2 million rubles. According to the results of II quarter MMK Metiz net profit of 85.25 million rubles. MMK-Metiz specializes in manufacturing high-quality calibrated rolled, wire, wire ropes, welding materials, fasteners and metal mesh. Ministry of Industry