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06 Feb
13:43

MMK posts increased earnings, accelerates power generation investment

MMK says it plans to undertake significant investment in 2024. This includes construction of a steam-blown power plant (SPPP) to bolster electricity generation capacity, as well as production of cast and forged rolls, and large engineering products, Kallanish notes. In 2023, MMK's capital investments amounted to RUB 94.86 billion ($1.04 billion), up by 26.4% compared to 2022. The company prioritised completing construction of coke oven battery No.12 to im…
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