Evraz

EVRAZ plc
Public limited company
Traded as LSE: EVR
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$8,552 million (2015)[1]
US$(24) million (2015)[1]
US$(719) million (2015)[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

Coal

Vanadium

Sales and logistics

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

  1. 1 2 3 "Annual Report 2015" (PDF). Evraz. Retrieved 3 April 2016.
  2. 1 2 "Homepage". Evraz. Retrieved 1 April 2014.
  3. ↑ "History of the Evraz Group". steelonthenet.com. Retrieved 28 March 2015.
  4. 1 2 EVRAZ Raises $422M in soft London IPO St Petersburg Times, 3 June 2005
  5. ↑ "Russian and Kazakh firms set for relegation from FTSE 100". City AM. 29 May 2013. Retrieved 28 March 2015.
  6. ↑ Our business Evraz
  7. ↑ "Share information 20 April 2015". Evraz. Retrieved 2015-03-17.

External links

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