Zaporizhstal, a part of the Metinvest Group, in 2014 invested about $120 million in production modernization, Zaporizhstal CEO Rostyslav Shurma said at a meeting with U.S. Embassy representatives in Ukraine.
“We continue to invest in the modernization of our production. In 2014 our investment was the largest among all the regions of Ukraine – we invested about $120 million in the technical modernization of the plant. Today, our plant is one of the few companies in Ukraine, which is in the difficult economic environment continues not just working but developing and increasing production”, Shurma said.
“In the difficult economic situation, which is now in Ukraine, Zaporizhstal is the example of an industrial enterprise, which not only preserves stability but is also successfully develops, investing in modernization, seeking new markets, and remains competitive”, Economic Adviser to the U.S. Embassy Chip Laitinen said.
As reported, Zaporizhstal in 2014 increased its rolled steel production by 5% compared to the same period of 2013, to 3.384 million tons, steel output – by 3.8%, to 3.964 million tons, cast iron – by 9.1%, to 3.513 million tons. (https://en.interfax.com.ua/news/economic/261154.html/Ukrainian metal)