PJSC “ArcelorMittal Kriviy Rih”, the largest mining and metallurgical plant of Ukraine, will invest $400 million (CAPEX and OPEX) in the development of the plant in 2017. The company will invest funds in modernization of production, improvement of the environment, capital repairs of equipment and construction of new units, including the second LF-CC and coke oven batteries.
The main tasks of the investment program of PJSC “ArcelorMittal Kriviy Rih” at this stage are increase of productivity, replacement of outmoded equipment, essential decrease of air pollutions and improvement of environment in Kriviy Rih city and in the region. Among the key projects for 2017 are construction of LF-CC-2 with capacity of 1.3 million tons per year, construction of the coke oven batteries No. 5-6, reconstructions of gas cleaning plant of sinter plant 2 and of BOF shop, modernization of LSM-4, replacement of old equipment in mining and beneficiation complex, repairs of blast furnaces and twin hearth furnace.
Paramjit Kahlon, CEO, PJSC “ArcelorMittal Kriviy Rih”: “Those volumes of funds we are investing in development of the plant in Ukraine once again confirm not only fulfillment of our obligations taken with the purchase of the plant, but also our commitment to completely modernize this plant by 2020. ArcelorMittal has stable intention to keep our business in Ukraine and to transform PJSC “ArcelorMittal Kriviy Rih” into modern, technologically perfect production unit. The plant needs new production assets and modern environmental friendly equipment to work in line with the best international standards, to meet the requests of customers and stay competitive in the markets. Our investment projects will mostly be performed by the contractors and suppliers of Ukraine; mostly these are the contracting companies from Kriviy Rih and Dnepropetrovsk region. This is a positive factor for local economy as we are investing in the future, and our investments are already in action. By cooperating with local partners we are contributing to the economy of the region and to employment creation”. (AMKR/Ukrainian metal)