July 25, 2016 2:55 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

Hatay

Dortyol,  31600

Turkey

Founded in 2007

Phone:

90 326 770 10 00

Fax:

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
Chief Executive Officer of Magnitogorsk Iron and Steel Works
Age: 58
HR & Administrative Affairs Director
Purchasing Director
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

Type
Date
Target
No transactions available in the past 12 months.
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
Bertelsmann AG Europe
Bloomberg L.P. United States
NYC2012, Inc. United States
Rush University United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact MMK Metalurji Sanayi Ve Liman Isletmeciligi A.S., please visit mmkturkey.com.tr. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.