Alchevsk Iron and Steel Works (Lugansk region) intends to invest 183 million UAH into development.

One of the key projects is the construction of a new blast furnace, resulting in the increase of pig iron output and strengthening of the company economical indexes.

According to Taras Shevchenko, chairman of the works, salary is expected to increase from 4.6 thousand UAH to 5.6 thousand.

In 2013 the works produced 19.4 billion UAH worth of products, and plans to increase its output by 21% in 2014. At the same time 2013 results showed a 1.73 billion UAH loss. In 2012 Alchevsk earned 14.4 billion UAH. (Ukrainian metal)

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