For the past several years Metinvest invested over 45 billion UAH into development of its companies.
“We have completely modernized the Yenakievo Iron and Steel Works, we’ve implemented cyclic-and-continuous technology at all our GOKs. We put into operation PCI machines at Ilyich. We’ve modernized Azovstal continuous cast machines”, said the group CEO Yuri Ryzhenkov.
Metinvest tries to carry on its projects even on occupied territories.
“Last year we put the PCI machine into operation at Yenakievo. There were several contractors, but none wanted to go there. So we had to put it into operation using video”, he added.
Mariupol Ilyich repaired its fourth blast furnace, which cost $20 million. (Ukrainian metal)