Metinvest was the first among Ukrainian companies to get a Vision Zero certificate. According to the group statement, it is operating based on the principles of sustainable development. One of the most important directions of the company is the labor safety and employee health protection. At present the group is implementing a couple of investment…
The Antimonopoly Committee of Ukraine has allowed Metinvest to buy over 50% shares of Dneprovsky By-Product Coke Plant. In particular, the AMKU decision says that Private Limited Liability Company Metinvest BV, the Netherlands, has been granted the right to purchase shares of the Dneprovsky Coke Plant, as a result of which the share of the…
In January Metinvest B. V. (the Netherlands) decreased revenue by 7%, or by $68 million MoM, to $900 million. EBITDA grew by 22.3%, to $126 million. The metal division EBITDA dropped by $9 million, to $18 million, while that of mining division – by $14 million, to $99 million. Consolidated revenue of the metal division…
The Antimonopoly Committee of Ukraine has postponed the review of the issue of Metinvest buying over 50% in Dneprovsky By-Product Coke Plant.
The Committee had to review the issue on April 11.
In 2017 Evraz Dneprodzerzhinsk By-Product Coke Plant changed its name to Dneprovsky By-Product Coke Plant. (Ukrainian metal)
From April 1, Metinvest will increase wages to its employees by 15% on average. The salary of the directors of Metinvest enterprises and employees of the managing company will not increase. Last year Metinvest increased the wages twice: in April they grew by 20%, and in October – by 10%. In 2018 the average salary…
Capital investment projects will become the main focus for the Metinvest group this year. “We have recently commissioned the continuous casting machine No. 4 at the Mariupol Ilyich Iron and Steel Works, but this is only the beginning of our large-scale investment program, as it allows us increasing our steel output by 1 million tons.…
Metinvest has reached a preliminary agreement on the discount of 20% on the delivery of its cargo by railroad to the ports of Mariupol and Berdyansk. “The agreement was reached during the meeting in the Ministry of infrastructure. Ukrzaliznytsia showed its readiness to provide such a discount. The discount will cover metal products only”, Berdyansk…
In 2018 Metinvest paid $15.3 million of bonuses to its top managers. In 2017 the bonuses amounted to $13.3 million. In addition to the CEO Yuri Ryzhenkov, the Metinvest board comprises of Yulia Dankova, Alexander Pogozhev, Oleg Tokar, Svetlana Romanova, Dmitry Nikolayenko, Oleg Shudra, Alexei Gromakov, Andrei Yemchenko, Alexander Komlyk, Olga Ovchinnikova and Sergey Detyuk,…
In 2018 Metinvest purchased 23.71% of Yuzhkoks shares for $30 million. The group also bought 24.99% of Pokrovskoye mine group and Svyato-Varvarinskaya Processing Factory and 100% in Unisteel for $190 million, the latter owning the galvanizing line with the capacity of 100 thousand tons per year. “The acquisition of these shares will provide for a…
In 2018 Metinvest increased its sales in Ukraine by 35% YoY, to $3.34 billion. The growth was due to the increase in domestic demand. “Metal consumption in Ukraine grew by 4%, to 5.7 million tons”, the group noted. Pellets and coke sales increased by 58% and by 41% respectively. The share of Ukraine in the…
In 2018 Metinvest received $1.188 billion of net profit, up by 93% YoY. According to the group statement, revenue grew by 33%, to $11.88 billion, EBITDA – by 23%, to $2.513 billion, gross profit – by 28%, to $2.787 billion and cash flow – by 85%, to $1.103 billion. At the same time the debt…
Kherson Sea Trade Port has concluded an agreement and started working with the transport-expeditor company Metinvest-Shipping LLC.
The port has already exported the first batch of 9 thousand tons of rolled metal.
Metinvest-Shipping services cargo in the major ports of Ukraine, as well as transports it by railroad. (Ukrainian metal)
In December 2018 Metinvest received $968 million of revenue, up by 5.6% MoM. EBITDA dropped by 44%, to $103 million. The metal division EBITDA was minus $9 million as opposed to $69 million. Mining division EBITDA grew from $105 million to $113 million. Metal division revenue increased from $763 million to $809 million, and of…
On March 4, Metinvest-Resource LLC purchased 7.3 thousand tons of scrap valued at 47.2 million UAH at the trades in the ProZorro system. Metinvest-Resource is the sole supplier of scrap to Metinvest enterprises. The initial price of the lot 13B increased from 46.788 million UAH to 47.256 million UAH. Thus, 1 ton of scrap costs…
In 2018 Metinvest enterprises paid 22.2 billion UAH to the budgets of all levels, up by 50% YoY. In particular, the group paid 11.1 billion UAH of profit tax, up by 76%. The payment of single social tax grew by 30%, to 3.1 billion UAH, and the individual income tax – by 22%, to 2.9…
In January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…
Metinvest has confirmed the certificate of the SAP client expertise center at the level of Advanced. “The new certificate shows that we’re using the best world practices and standards in the field of IT-systems”, the company said. In January Metinvest completed the relocation of its SAP system to the cloud platform and became the first…
The metal companies are prepared to invest in the state system of education. According to Metinvest director on personnel Alexander Pimkin, at present the state does not do all the necessary things to reform the education system. “The approach to and the volumes of financing on behalf of the state are not enough”, he said.…
Metinvest has finalized the deal to buy Unisteel LLC in Kriviy Rih. “We expect the company to manufacture new products – the so-called structure rolled metal with the thickness of over 1.6 mm to be used in construction”, Metinvest-SMC CEO Dmitry Lippa said. Unisteel can also produce thinner rolled metal – 0.45 mm. The works…
In 2018 Metinvest increased rolled metal output by 3%, to 5.769 million tons. In particular, flat rolled metal manufacture grew by 2%, to 4.747 million tons, and long rolled metal – by 14%, to 817 thousand tons. At the same time the output of rails dropped by 3%, to 65 thousand tons, and pipes –…
Metinvest-SMC has developed and implemented a special program of preferences for metal structure exporters. “Our customers – metal structure works – have orders not only locally but also from abroad. And we react to that: our warehouses carry a range of rolled metal certified to EN”, the company CEO Dmitry Lippa said. Since mid-2018 the…
In 2018 the steel sales of Metinvest-SMC increased by 4% YoY. “According to our preliminary estimates, the local market has grown by some 4%. Our sales increased in this range as well”, the company CEO Dmitry Lippa said. In January-November 2018 sales exceeded 2 million tons. The company is expecting good results in 2019. “We…
In 2018 Metinvest enterprises mastered the manufacture of over 40 new types of products. According to the Metinvest-SMC CEO Dmitry Lippa, the novelties are in various stages of mastering: some have only been produced as trial versions, while the others have already seen an increase in sales. Now Metinvest is working to get to the…
Last year the growth of wages at Metinvest enterprises exceeded 30%.
According to the group personnel director Alexander Pimkin, key jobs saw a rise of 40-45%.
“Now the salary of our key employees in metal, mining and coke departments ranges within $1000-1200 in UAH equivalent”, he said. (Ukrainian metal)