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August 03, 2015 8:26 PM ET

Metals and Mining

Company Overview of United Metallurgical Company, OMK CJSC

Company Overview

United Metallurgical Company, OMK CJSC manufactures steel pipes. The company offers large, small, and medium-diameter pipes; pipeline fittings; steel plates; and railroad wheels. Its pipes are used for the construction of oil and gas pipelines in the Russian Federation, the Baltic, the Nordic, North Europe, and the Eastern Siberia–Pacific. The company serves fuel and energy complex, civil engineering, chemical production, and electronics industries. United Metallurgical Company, OMK CJSC was founded in 1992 and is based in Moscow, Russia.

Ozerkovskaya Nab., 28/2

Moscow,  115184

Russia

Founded in 1992

Phone:

7 495 231 7771

Fax:

7 495 231 7772

Key Executives for United Metallurgical Company, OMK CJSC

President, Director and Chief Executive Officer of OMK-Steel
Age: 61
Director of Economy and Finance
Age: 40
Vice President
Production Manager
Head of Corporate Government Department
Compensation as of Fiscal Year 2015.

United Metallurgical Company, OMK CJSC Key Developments

United Metallurgical Company, OMK CJSC, Board Meeting, Jun 15, 2015

United Metallurgical Company, OMK CJSC, Board Meeting, Jun 15, 2015. Agenda: To discuss the supplementary agreement to mortgage agreement #24-245/19/021-12-ZN/116 as of March 11, 2013, signed between OMK and Bank of Moscow.

United Metallurgical Company Announces Earnings Results for the Year 2014

United Metallurgical Company announced earnings results for the year 2014. The company boosted its EBITDA 22% to RUB 25 billion in 2014. Revenue rose 23% to RUB 129 billion. The company posted a net loss of RUB 13 billion compared with a net profit of RUB 3 billion in 2013. The ruble devaluation and the substantial rise in the cost of borrowing were the main causes for swinging to a loss. The significant decline in oil prices compounded the situation.

Rosneft and UMC Sign Partnership Agreement

Rosneft Oil Company and United Metallurgical Company (UMC) entered into a partnership agreement regarding supplies of petroleum products. Under the partnership agreement, the parties will cooperate in the development, testing and introduction and application of lubricants and other petroleum products produced by Rosneft for UMC companies. Rosneft and UMC intend to conduct technical audit to optimize expenses and to boost operational efficiency for both parties. One of the key elements of the arrangements is the intention to create joint import substitution programs.

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