June 24, 2017 7:40 AM ET

Metals and Mining

Company Overview of MMK Metalurji Sanayi Ve Liman Isletmeciligi A.S.

Company Overview

MMK Metalurji Sanayi Ve Liman Isletmeciligi A.S. manufactures and supplies steel products in Turkey. The company offers hot rolled coils; hot rolled sheets; hot and cold rolled galvanized products, such as coils, sheets, and strips; polymeric coated rolled products; color-coated products; pickled hot rolled coils and sheets; galvanized cold rolled slit coils; pre-painted galvanized coils, pre-painted galvanized slit coils; and pre-painted galvanized sheets. It also provides after-sales services. The company offers its products for various industries, including white goods and auto parts sectors. It serves customers through suppliers in the Middle East, Mediterranean region, the Caucasus, and...

Özerli Mahallesi

Alparslan Türkes Bulvari No: 346/91


Dortyol,  31600


Founded in 2007


90 326 770 10 00


90 326 718 16 18

Key Executives for MMK Metalurji Sanayi Ve Liman Isletmeciligi A.S.

Chief Executive Officer and Member of Management Board
Chief Financial Officer and Member of Management Board
Chief Executive Officer of Magnitogorsk Iron and Steel Works
Age: 58
Port Director and Member of Management Board
Istanbul Complex Director and Member of Management Board
Compensation as of Fiscal Year 2016.

MMK Metalurji Sanayi Ve Liman Isletmeciligi A.S. Key Developments

MMK Metalurji Reports Sales Results for the First Quarter of 2016

MMK Metalurji reported sales results for the first quarter of 2016. For the quarter, the company’s sales of finished products totalled 202,000 tonnes. A decline versus the previous quarter was due to seasonal weakening of demand for construction products. Sales of finished products in the quarter increased by 15.7% year on year. The high volume of orders for the company's products made it possible to maintain maximum utilisation rates. The decline in the supply of semi-finished rolled products from MMK to MMK Metalurji in the quarter was due to implementation of a programme aimed at optimising working capital and decreasing stock levels.

Magnitogorsk May Sell MMK Metalurji

Open Joint Stock Company Magnitogorsk Iron & Steel Works (MISX:MAGN) is considering the disposal of MMK Metalurji Sanayi Ve Liman Isletmeciligi A.S. Magnitogorsk would prefer to sell the Turkish asset, officials at the company said. "But we don't have any proposals from potential buyers now," Magnitogorsk's representative said.

MMK Metalurji Announces Earnings Results for the Third Quarter and Nine Months of 2015

MMK Metalurji announced earnings results for the third quarter and nine months of 2015. For the quarter the company reported revenue of $132 million, down 13.2% quarter on quarter. This reduction was due to lower sales volumes during the quarter, as well as lower prices on the Turkish market. EBITDA in third quarter 2015 fell slightly quarter on quarter to $16 million. Revenue for nine months of 2015 amounted to $164 million, down 20.4% year on year. EBITDA in nine months 2015 increased by more than 13x year on year due to the positive effect of the rouble depreciation on the Company's expenses, as well as growth in domestic prices for coking coal in early 2015.

Recent Private Companies Transactions

No transactions available in the past 12 months.

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