UNICOR Competitors

Severstal remains a global leader in efficiency, with the highest EBITDA margin in the steel industry globally, positive free cash flow generation throughout the cycle and a track record of achieving its targets. To deliver additional growth, the Company has updated its already proven strategy - retaining its fundamental advantages but adding new elements. Severstal's new vision is to be a leader of the steel industry of the future and the first choice for its customers, employees and partners. To achieve this, the Company is setting out new strategic priorities to distance itself further from its competitors. These are: superior client experience, cost leadership and embracing new opportunities. All three will be supported by Severstal's advanced corporate culture. Superior client experience - Severstal aims to offer our customers unique selling propositions on each target market; Cost leadership - Severstal's goal is to achieve a significant cost advantage in basic steel products; New opportunities - Severstal's objective is to access and consequently benefit from the use of global cutting-edge technology and new business-models. Implementing this set of objectives will support the Company in reaching its financial target of increasing EBITDA by 10-15% annually for the next 5 years. (This excludes pricing/macro factors.)

OJSC MMK is among the world's largest steel producers and is one of the leaders of Russia's steel industry. The company's operations in Russia include a large steel producing complex encompassing the entire production chain, from preparation of iron ore to downstream processing of rolled steel. MMK turns out a broad range of steel products with a predominant share of higher value added goods. In 2008 the company produced 12 mm tonnes of crude steel and 11 mln tonnes of commercial products. MMK Group revenues in 2008 stood at USD 10.55 bn.

The KAMAZ group of companies is the largest automobile corporation in the Russian Federation. OJSC KAMAZ ranks 11th among the world's top heavy truck manufacturers. KAMAZ's authorized capital is 35.36 billion rubles. The largest shareholdings belong to the state and commercial banks. The single production complex of KAMAZ Group embraces the whole technological cycle of truck production - from development, production, assembly of vehicles and auto components to marketing of finished products and service maintenance. The group of the process chain includes 12 automobile plants. The following enterprises are included in the Naberezhnye Chelny production facility: Metallurgical Complex (a foundry and forge plant), Engine Plant, Press and Stamping Plant, Automobile Plant, Repair Instrument Plant, Industrial Park "Master". The largest subsidiary companies outside Naberezhnye Chelny are JSC Neftekamsk Automobile Plant and OAO Tuimazinskiy Zavod Avtobetonovozov (Republic of Bashkortostan), Trailer KAMAZ Inc. (Stavropol). To date, KAMAZ Group includes over 150 organizations located in Russia, the CIS and non-CIS countries.