Ukraine: 4 findirectors replaced at AMKR in 6 months

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…

Ukraine: AMKR to invest $400 million in modernization of the plant in 2017

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…

Ukraine: SPF confirms fulfillment of privatization obligations by AMKR

State Property Fund of Ukraine (SPFU) has confirmed the fulfillment of investment obligations by ArcelorMittal Duisburg Beteiligungsgesellschaft mbH (owner of 95.13% shares of ArcelorMittal Kriviy Rih) in 2016 according to Sale and Purchase Agreement. SPFU conducted the inspection at ArcelorMittal Kriviy Rih on February 7-10. This is the 18th inspection of SPFU conducted directly at…

Ukraine: AMKR thanking PM

ArcelorMittal Kriviy Rih achieved stable output in 2016 and is looking forward to further improve its performance in 2017. “ArcelorMittal Group remains committed to modernizing its operations and expanding its business in Ukraine – with plans to invest $375-400 million this year (capital and operational investments), we will help create directly and indirectly over 30,000…

Ukraine: AMKR to retain sinter ore output levels

In 2017 ArcelorMittal Kriviy Rih intends to keep sinter ore output volumes on the last year level – 850 thousand tons.

At present sinter ore is mined at the speed of 10-12 thousand tons per month.

The ore reserves are estimated at 24 million tons, enough for 15 years of operation. (Ukrainian metal)

Ukraine: AMKR teaches English and IT-technologies to children of its employees

PJSC ArcelorMittal Kriviy Rih continues educating children of company’s employees in English and IT-technologies at specialized schools “SmartStart English with ArcelorMittal” and “SmartStart IT with ArcelorMittal”. From January 13 till February 3, PJSC ArcelorMittal Kriviy Rih opens the application submission from company’s employees who want their children to study English or computer sciences. In the…

Ukraine: AMKR leader in automation and information technology in 2016

Association of Process Automation Companies of Ukraine (АPACU), by summarizing their performance in 2016 named PJSC “ArcelorMittal Kriviy Rih” the winner in categories “Leader of the Year” and “Innovators 4.0” in automation and information technology. АPACU emphasized that the company played an important role in creation of 4.0 Industry Campaign in Ukraine involving Siemens, Schneider…

Ukraine: AMKR launches engineering and geological research at the site of LF-CC 2

ArcelorMittal Kriviy Rih launched geological engineering survey at the construction site of future LF-CC No. 2. On January 3, R&D Institute Mekhanobrchermet commenced the works; the first wells have been drilled at construction site. The plan is to drill approximately 50 wells in January, thus to receive accurate information about geological conditions of the site…

Ukraine: AMKR celebrates New Year’s Eve delivering new products for its biggest customer

ArcelorMittal Kriviy Rih has developed and put new casting technology into operation at LFCC. It is high carbon commercial quality steel 85 for production of wire rod with 0.82-0.89% carbon content at hybrid mill LSM-WRM-6 according to the pilot order (110 tons). The customer is the biggest consumer of high carbon wire rod and the…

Ukraine: AMKR wins environment case in court

The Supreme Commercial Court of Ukraine has satisfied the cassation appeal of ArcelorMittal Kriviy Rih. According to the company statement, the court decision cancels the decision of the Dniepropetrovsk Commercial Court of Appeals, while the decision of the Commercial Court of the Dniepropetrovsk region that prohibited the prosecutors from claiming 72.69 million UAH of damage…

Ukraine: Ukrzaliznytsia accuses AMKR of manipulations

Pridneprovsk Railways, a part of Ukrzaliznytsia, considers the words of ArcelorMittal Kriviy Rih on the shortage of railroad cars an attempt to discredit and pressure the state transporting company. “We call unto the company management not to manipulate the corruption theme, but to seek for constructive and mutually beneficial ways to solve the problem”, the…

Ukraine: AMKR loses 217 million UAH because of Ukrzaliznytsia

ArcelorMittal Kriviy Rih has estimated its losses in January-June from the cooperation with Ukrzaliznytsia (Ukrainian Railways) on the level of 217 million UAH. “In 6 months we have lost 217 million UAH because of Ukrzaliznytsia. And Ukraine has lost 45 million UAH of taxes. Ukrzaliznytsia operation is damaging business”, the company CEO Paramjit Kahlon said.…