The Expert magazine published the end-of-year 2020 rating of top investors to Russian economy. The said rating includes Novostal-M Metallurgical Holding.
The Holding actively invested in modernization and upgrading of Abinsk Electric Steel Works’ and Balakovo SF’s physical infrastructure.
In addition, Balakovo SF launched a few dozen new products. They built a warehouse complex and a service center for drivers. The factory has been implementing a massive investment program to build a new metallurgical complex to manufacture large structural steel sections.
Now both holding’s companies are the leading Russian electric steel works, and they make a significant contribution to development of the regions of their operations.