From May 1, Metinvest will increase salaries of its employees. In April, the group will finish the annual estimation of the personnel for the work in 2020. From April 1, new additional payment of 5% to 25% will be approved. In March, the average salary at Metinvest enterprises was 20.4 thousand UAH, up by 10%…
In 2020, Metinvest enterprises paid 22.1 billion UAH of taxes to budgets of all levels, up by 5% YoY. This equals almost half of what all companies in Ukraine pay to the budget in a month. “Thanks to this, the government was able to survive the first and the most difficult year of the coronacrisis.…
In 2020, Metinvest increased its net profit by 54% YoY, to $526 million. Revenue decreased by 3%, to $10.453 billion, while EBIDTA grew by 82%, to $2.204 billion. Debts fell by 3%, to $2.938 billion, with net debt down by 23%, to $2.111 billion. Capital investments went down by 37%, to $663 million. (Ukrainian metal)
In 2012-2020, Metinvest spent 15.35 billion UAH on the ecological modernization of its Mariupol Ilyich and Azovstal Iron and Steel Works. More than 40 large-scale projects have been carried out over the years. Thus, Azovstal decommissioned sintering shop, coke-oven batteries Nos. 5, 6 and 7 as well as blast furnaces Nos. 5 and 6, while…
In 2020, Metinvest enterprises produced 8.268 million tons of steel, up by 9% YoY. Pig iron manufacture grew by 7%, to 8.475 million tons, and coke – by 3%, to 4.808 million tons. Rolled metal output went up by 132 thousand tons, to 4.809 million tons. In particular, the manufacture of long-rolled products increased by…
In 2020, Metinvest carried out large-scale projects at its Central, Severniy and Ingulets Mining and Processing Works as well as at Metinvest-KRMZ. Quarries received 9 new 12-cubic meter excavators. InGOK also received 2 Epiroc drilling rigs, while CGOK – five 130-ton BelAZ dump trucks and three bulldozers (a PR 764 Litronic and two CaterpillarD9R). GOKs…
In 2019, Metinvest enterprises in Kriviy Rih – Ingulets, Severniy and Central Mining and Processing Works – spent 4 billion UAH on ecological projects under a city program until 2025. In particular, the enterprises invested in new machinery and equipment, which helped decrease dust emission to 50 mg per 1 cubic meter. 14 automated environment-monitoring…
In August, Metinvest B. V, decreased revenue by 7.9% YoY, to $838 million. EBITDA grew by $12 million, to $216 million. Metal division EBITDA totaled $91 million, while mining – $134 million. Metal revenue amounted to $671 million, mining – $258 million and intragroup sales – $91 million. Debt dropped by $64 million to $3.017…
Ukrzaliznytsia intends to offer its services on locomotive repair to private companies. One of them could be Metinvest. According to the company, Lviv Locomotive-Repair Works, Dniepropetrovsk Locomotive-Repair Works and Zaporozhye Electric Locomotive-Repair Works have to show their worth not only at the expense of Ukrzaliznytsia, but also on the open market. That is why Ukrainian…
In January-June, Metinvest Group increased steel output by 1% YoY, to 3.963 million tons. In particular, Mariupol Ilyich Iron and Steel Works increased manufacture by 38 thousand tons. Pig iron output grew by 1%, to 4066 thousand tons, with Azovstal increasing output by 97 thousand tons. At the same time, Mariupol Ilyich decreased output by…
Italy’s Genoa has finished constructing a bridge in place of the previous one, which collapsed on August 14, 2018. The reason of the accident was the destruction of a ferroconcrete rope. Under the project to restore the bridge, Metinvest has become the main steel supplier. Semi-finished products were manufactured at Azovstal, while high-quality rolled metal…
Barlenco Ltd. (Cyprus), affiliated with Metinvest, intends to use its right to squeeze out shares of Zaporozhogneupor minority holders. On July 6, Zaporozhogneupor received a notification from shareholders on reaching the dominating controlling shares on July 3. Prior to this, Metinvest B. V. owned 2,650,697 shares, or 45.385539% of the total, Zaporizhstal – 2,874,068 shares…
Metinvest is at the final stage of negotiations with the Black Sea Trade and Development Bank on a 7-year EUR 62-million loan, approved by the bank board. The group will use the funds to carry out its investment program and replenish working capital. The financing terms will be finalized when signing the documents. (Ukrainian metal)