In 2016 ArcelorMittal Kriviy Rih received 2.7 billion UAH of net profits. According to the company press-service, its net income last year totaled 52.96 billion UAH, with capital investments on the level of 4.75 billion UAH. In 2016 AMKR produced 7 million tons of steel, up by 11% YoY. Such a high result has been…
CEO of ArcelorMittal Kriviy Rih Paramjit Kahlon has noted the growing attention of the country’s top authorities to the problems of the mining and metallurgical complex of Ukraine, improvement in the work of Ukrzaliznytsia, but opposed the initiative to increase railway tariffs for freight transportation by 25%. “Today we have a very positive attitude. The…
PJSC ArcelorMittal Kriviy Rih intends to purchase each premises located at Lavrenyova and Chystopilska streets (also known as “Zhukovka village”) in Saksahanskiy district of Kriviy Rih at the price of UAH 450 thousand. In general, this is 32 single-story dwelling houses and outbuildings constructed in 1950-1955, located in dangerous zone of ground motion due to…
ArcelorMittal, the biggest foreign investor in Ukraine, is concerned about possible negative consequences of railway connection blockade in the east of the country. The blockade of coal supplies from uncontrolled territories of Donbass threatens energy stability of the plant and supply of raw materials needed for production activities. Eastern region, as the source of supply…
ArcelorMittal Kriviy Rih has started hot tests of coke oven battery No. 6, the newest in technology of stamp charging and the first of its kind in Ukraine. Adjustment and pre-commissioning works are in progress, coking chambers have been charged and first trial coke has been successfully produced at coke shop No. 1 of the…
ArcelorMittal Kriviy Rih has started the next stage of its project of continuous cast shop No. 2 construction. The company invests $72.4 million into construction. The capacity of the new CCM will total 1.3 million tons per year. The construction of the shop is a part of the steel-smelting complex modernization, which presupposes the complete…
Sergey Plichko, the deputy financial director, deputy chief accountant on finances has been appointed the new acting financial director, chief accountant of ArcelorMittal Kriviy Rih. For the past 5 months the acting financial director, chief accountant has been Igor Kublitsky, though his appointment has to end on June 30. Sergey Plichko has been appointed till…
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…
