Severstal
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| SeverStal | |
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| Type | Public |
|---|---|
| Founded | 24 September 1993 |
| Headquarters |  Cherepovets |
| Key people | Alexei Mordashov, Majority Owner and Chairman of the Board of Directors Anatoly Kruchinin, General Director |
| Industry | Steel Mining |
| Products | Steel Metalware Large Diameter Pipe |
| Revenue | ~ US$6.5 bn (2004) |
| Employees | ~90,000 |
| Slogan | N/A |
| Website | http://www.severstal.com/ |
Severstal (Russian: Северсталь, "Northern Steel") is a Russian company mainly operating in the steel industry, centred in the northern city of Cherepovets. Severstal is listed in the RTS Index. As such it is the second largest steel company in Russia, behind Evraz Group. The majority of the company's stock belongs to Alexei Mordashov. As "White Knight" Severstal was to merge with Arcelor, thus preventing a takeover of Arcelor by Mittal, but the Arcelor deal with Severstal was called off following criticism within the Arcelor board. Arcelor finally merged with Mittal Steel on 25 June 2006 to create Arcelor Mittal.
Severstal gives its name to a Russia Super League ice hockey club, Severstal Cherepovets.
Severstal Group is the parent company of Severstal.
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[edit] History
During the early 1930s, iron ore was discovered on the Kola Peninsula and coal was discovered in Pechora. Steel making was now possible in northwest Russia. In 1940 the Russian government signed a resolution "On Organization of Steel Making in the North-west of the USSR", and located a steel mill in Cherepovets, a city convenient to the St Petersburg-Ekaterinburg railway and the Volga-Baltic waterway.
Facility construction accelerated after the end of the war, and at 3:25 PM on August 24, 1955, the Cherepovets steel mill was born.
Construction continued apace down through the decades. Cherepovets became a major steel center of Russia.
On September 24, 1993 according to the decree of the President of the Russian Federation, the state-owned Cherepovets Iron and Steel Complex became a joint-stock company: Severstal.
[edit] Severstal Group
In spring 2002 the board of directors of Severstal decided to restructure the assets of the company. Severstal Group was established on June 3, 2002. It was originally comprised of three divisions: a metallurgical division, Severstal Resource and SeverstalAvto, an automaker.
In August 2001, the company founded the Severstal Corporate University, involved in research, education and consultancy.
In 2003 Severstalmash Group became the fourth division of the company, organized from extant service shops of the steel-making division.
Severstal Group also includes Sveza, which is a timber compamy; Sheksna Insurance, which is an insurance company, Metcombank and an airline, Aircompany Severstal.
[edit] Operations
[edit] Metallurgy
Severstal's steel operations in Russia employ over 53,000 people.
- Cherepovets Mill facilities, producing steel
- Severstal Metiz, wire drawing and other metalware
- St Petersburg facilities, producing steel plate and large diameter pipe.
Severstal's subsidiary Severstal North America (SNA) owns and operates Rouge Steel's steel making facilities in Michigan in the United States. SNA employs over 2,000 people.
Lucchini Group, a steelmaker in France and Italy, is also owned and operated by Severstal, employing approximately 5,800 people.
[edit] Mining
Severstal operates two iron ore mines and two coking coal mine complexes, mainly in Russia's Northwest region. The mines' output is not exclusively used by Severstal. 28,000 people are employed in the company's Russian mining operations.
Iron Ore
- Karelsky Okatyshin the Karelia Republic
- Olkon in the Murmansk region
Coal
- Vorkutaugol, in the Komi Republic - hard coking coal concentrate
- Kuzbassugol, in Kemerovo - low-volatility semi-hard coking coal.
[edit] Management and subsidiaries of the SeverStal Group
[edit] Management Committee
As of January 2007:
- Alexei Mordashov (CEO)
- Vadim Shvetsov (First Deputy CEO, Director General of JSC Severstal Auto)
- Vadim Makhov (Deputy CEO)
- Mikhail Noskov (Deputy CEO)
- Roman Deniskin (Director General of JSC Severstal Resource)
- Anatoly Kruchinin (Member of the Board of Directors, Director General of JSC Severstal)
- Dmitry Afanasyev (Director of Severstal Corporate University)
- Vladimir Kozlov (Deputy CEO)
- Dmitry Sanin (Deputy CEO)
- Alexey Germanovich (Deputy CEO)
- Alexey Yegorov (Deputy CEO)
- Thomas Veraszto (Deputy CEO)
- Igor Kostin (Deputy CEO)
- Alexey Pertin (Deputy CEO)
- Gregory Mason (Deputy CEO, Technical Director)
[edit] Subsidiaries
- Severstal
- Severstal North America
- Cherepovets Steel-Rolling Plant
- JSC Severgal
- Izhora Pipe Plant
- Severstal Enamel
- Severstal Furniture
- Cherepovets Steel-Rolling Plant
- JV Severgal
- Rouge Industries Inc.
- Lucchini Group
- Bank Rossiya (7.15% as of 2006, 8,8% as of January 1, 2005)
- Severstal Resources
- Vorkutaugol
- Kuzbassugol
- Karelsky Okatysh
- Olenegorskiy mining and processing plant
- Severstal Auto
- Ulianovsk Automotive Plant
- Zavolzhie Engine Plant
- Severstal Corporative University
- Sheksna Insurance Company
- Metkombank
- Sveza Timber Company
- Severstal Aviacompany
