Russia: Magnitogorsk Metallurgical Plant will Supply Cold Rolled Materials to Volga Cars

The Volga plant will become the main steel consumer of the Magnitogorsk metallurgical plant.

When Volker CEO Igor Komarov attended the meeting of Magnitogorsk about the development prospects of Russian ferrous metals, he said: “We are grateful to the head of the Magnitogorsk metallurgical plant in a short time. Able to enter into and conclude a long-term cooperation agreement with us. This will be conducive to arranging the company's long-term development plan and steadily promote the improvement of productivity.” Volga Automobile Factory representatives said that the Magnitogorsk metallurgical plant will supply steel annually. increase. This is mainly due to the fact that the Volga Automobile Plant plans to substantially expand the scale of production of the models and will carry out modernization of production. Komarov pointed out that the Russian metal production standards should be consistent with European countries, which can promote the quality and competitiveness of Russian-made models.

According to Dennis Manturoff, Minister of Industry and Trade of the Russian Federation, at present, the cooperation between Magnitogorsk Metallurgical Plant and Volga Automobile Works is local cooperation. The future cooperation will be expanded to the Togliatti Automobile Factory, and this experience will be absorbed by the company's partner, the Renault-Nissan Alliance.

The Magnitogorsk metallurgical conglomerate is one of the world's largest steel manufacturing companies. In 2011, the company’s production of metal rolling products accounted for 17.7% of Russia’s total production. In 2011, the Magnitogorsk metallurgical conglomerate produced 12.2 million tons of steel and 11.2 million tons of metal products.