Evraz

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EVRAZ plc
Public limited company
Traded as LSEEVR
Industry Steel
Mining
Founded 1992 (Moscow)
Headquarters London, United Kingdom
Key people
Alexander Abramov (Chairman)
Alexander Frolov (CEO)
Products Steel
Steel products
Vanadium Slag
Iron ore
Coal
Revenue US$13.061 billion (2014)[1]
US$1.278 billion (2014)[1]
Owner Roman Abramovich (31.03%)
Number of employees
99,996 (2015)[2]
Website www.evraz.com

EVRAZ plc (Russian: ЕВРАЗ) is a multinational vertically integrated steel making and mining company headquartered in London, United Kingdom. It has operations mainly in Russia, but also in Ukraine, Kazakhstan, Italy, Czech Republic, the United States, Canada and South Africa. The company employs about 100,000 people.[2] Evraz is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was founded as a small metal trading business in 1992.[3] On June 2, 2005 Evraz Group floated some 8.3 percent of its shares in the form of GDR in London.[4] The company was priced at $14.50 per GDR implying an equity value of $5.15 billion.[4] An additional 6% stake was placed in January 2006, resulting in a total free-float of 14.3%.[5]

Operations

Evraz is a vertically integrated holding with high self-sufficiency in iron ore and excess coking coal production, which enables the company to be one of the largest participants on the domestic coking coal market through its affiliates. EVRAZ also controls some metal trading and logistic assets. The business structure is as follows:[6]

Steel

Ore

  • Evrazruda mining and enrichment facilities in Kemerovo Oblast
    • In the Kemerovo Oblast: Tashtagol Mine, Kaz Mine, Sheregesh Mine, Gurev Mine, Abagur Sinter and Enrichment Plant
  • Kachkanarsky Ore Mining and Processing Enterprise - Vanady - KGOK pit mining in Sverdlovsk region;
  • Sukha Balka Mines, Kryvyi Rih, Ukraine.

Coal

  • Yuzhkuzbassugol coking coal mining in the Kuzbass Region
  • Raspadskaya/ coking coal company with thee mines and one open pit in Mezhdurechensk, Kemerovo region, EVRAZ owns 82% of Raspadskaya

Vanadium

  • EVRAZ Highveld Steel and Vanadium Corporation Ltd. in South Africa
  • EVRAZ Vanady Tula
  • EVRAZ Nikom

Sales and logistics

  • Metallenergofinance MEF, supplying electricity and heat for Evraz facilities
  • Nakhodka Commercial Sea Port in the Russian Far East, handling most of Evraz' exports
  • Trading House EvrazHolding/TH EvrazHolding working in domestic sales
  • Trading House EvrazResource/TH EvrazResource working in domestic sales

Shareholder profile

Mastercroft was a wholly owned subsidiary of the company as of 30 June 2006. The company's interests in the majority of its subsidiaries are held indirectly through its ownership of Mastercroft. In June 2006 Evraz Group announced a transaction that resulted in the transfer to Greenlease International Holding of a 50% interest in Lanebrook Ltd., an entity controlled by the principal shareholders of Evraz Group. As of April 2015 Lanebrook Ltd. held 63.70% of the company's shares, with the ultimate beneficial owners being Roman Abramovich (31.03%), chairman Alexander Abramov (21.59%) and CEO Alexander Frolov (10.78%).[7]

See also

References

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  4. 4.0 4.1 EVRAZ Raises $422M in soft London IPO St Petersburg Times, 3 June 2005
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  6. Our business Evraz
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External links