Annual report 2007 - Magnitogorsk Iron & Steel Works ...

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Vladimir Shmakov, Vice President of the MMK
Managing Company for Finances and Economics,
Member of the Management Board of MMK:
“One of the most important tasks of MMK and the Russian
economy in general is to adopt the innovation way of
development. MMK creates economic and organizational
conditions for the entire innovation cycle from an idea to its
implementation in actual production practice. Priority is given to
R&D aimed at attaining the Company’s long-term objectives.”