NTMK

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NTMK
legal form AG
founding 1720
Seat Nizhny Tagil
management Alexey V. Kushnarev
Andrey V. Larin
sales US $ 1,359.9 million (2004)
Branch steel
Website http://www.ntmk.ru

NTMK ( Russian: Нижнетагильский металлургический комбинат / Nischnetagilski metallurgitscheski Kombat - in German Nizhny Tagil iron and steel works , also NIKOM) is a Russian company for steel production based in Nizhny Tagil . The company is a subsidiary of the Evraz Group .

NTMK produces steel and products made from vanadium , including rolling stock , railway wheels and railway tracks.

  • NTMK - The Company 2005
  • Nizhny tagil demidov factory from fox hill.jpg
  • Nizhny tagil industry.jpg
  • Nizhny tagil demidov factory.jpg

history

With the support of the reformer Peter I , the brothers Akinfiy and Nikita Demidow discovered large iron ore deposits in the vicinity of Nizhny Tagil in the early 18th century . In 1720 they started building their first factory and production started on December 25, 1725. Almost half of the iron was then exported to the UK and only a small part went to the government. The rest could be freely sold in Russia.

In the middle of the 19th century the company lost its market leadership, first internationally and shortly afterwards also in Russia itself, as the factory could not compete with the output of newly built factories. Only the quality of its products allowed the company to survive.

A complete reconstruction was planned at the beginning of the 20th century, but before it was completed, the First World War came first and then the Civil War . Production resumed successfully in the 1920s.

In 1987 the factory built by the Demidows, which had produced 14 million tons of iron, was shut down after 262 years and incorporated into a museum.

Construction of a new factory had already started in January 1931, but it took almost ten years to complete. Production began in 1940, the main product at that time being armor plates .

In 1992 NTMK was privatized. The result was a state-independent, open stock corporation that had completed the first phase of technical modernization by 2000 - the 60th birthday of the factory - and invested over 700 million US dollars in the process.

See also

Web links