Steel works, Rybnitsa

Inside the MMZ steel works in Rybnitsa, the heart of the ESMS – EAF-2. The privately owned company exports nearly 2,000,000 tonnes of crude and rolled steel products every year and has a Lloyds of London certification. Annual turnover from this single company alone exceeds USD 500 million, creating jobs and growth for Pridnestrovie ever since the country became independent in 1990.

MMZ, built with the latest German technology in 1985, is the most modern steel foundry enterprise in the territory of the former USSR. It is one of the top five steel companies in all of Europe, and on a global scale it ranks among the world's ten best equipped steel producers. It specializes in processing of the scrap of ferrous metals into rolled steel, and its contribution to Pridnestrovie's state budget is very considerable. In 2005, the plant produced a record volume of steel: 1.048 million tons (36 thousand tons more than in 2004) and 889 thousand tons of rolled stock (+100 thousand tons).

As part of the reform of Pridnestrovie's economy to Western-style, market based capitalism, the company was fully privatized. The MMZ is part of the Russian Metalloinvest holding, owned by Alisher Usmanov. Ownership of the company is now distributed as follows: 45% Rumney Trust, 45.6% EIM Energy Investment & Management Corporation and 9,4% held by individual shareholders.