Metinvest provides jobs to 64.786 people, or 34% of all the employees of the metal industry. ArcelorMittal Kriviy Rih is on the second place, followed by Dneprovsky Iron and Steel Combine, which officially belongs to ISD, but is in fact controlled by Metinvest. The average salary at Metinvest is 14,535 UAH, up by 59% from…
In July Metinvest increased its EBITDA by 0.9% MoM, to $233 million. Revenue dropped by 1.3%, to $1.082 billion. In 2017 Metinvest EBITDA grew 1.77-fold YoY, to $2.044 billion, while revenue went up by 43.5%, to $8.931 billion. (Ukrainian metal)
Mariupol Ilyich Iron and Steel Works and Azovstal of Metinvest Group have been increasing their expenses on environmental projects for several years. In 2018 the green investments have grown 5.6-fold, to UAH 600 million. Financing increases progressively as the group switches from designing to constructing gas treatment facilities. In particular, investments in construction, upgrade and…
Metinvest has been prolonged the rent of the Phenol State Works in the city of Toretsk, Donetsk region. The previous agreement was concluded on September 25, 2001 and was valid through September 25, 2018. The premises of the works are rented by Inkor and Co, LLC, a part of Metinvest. (Ukrainian metal)
From October 1 Metinvest is increasing wages of its employees on average by 10%. According to the group press service, the experienced repairmen and technical engineers will see their salary grow by 15%. The wages of master workers and ordinary workers will increase by 10%, and of administration personnel – by 7%. This year Metinvest…
In January-June Metinvest B.V. increased investments 2.2-fold YoY, to $420 million. Metal segment accounted for 64% of investments (37% in H1 2017), mining – 35% (61%) and corporate expenses – 1% (2%). In particular, Mariupol Ilyich Iron and Steel Works received $122 million ($35 million), Azovstal – $76 million ($20 million), SevGOK – $51 million…
Metinvest, the vertically integrated steel and mining group of companies, has secured additional long-term supply of high-grade coking coal by investing in production cooperation and acquiring up to 24.99% of some coking coal assets in Ukraine. This is in line with the group’s strategic priority of improving its self-sufficiency in coking coal to strengthen its…
Metinvest deal to buy 24.99% of Pokrovskoye Mine Group is one of the largest on the Ukrainian market in the past years. Metinvest paid $190 million for the stake. According to Eavex Capital, the whole company is estimated at $0.9-1.1 billion, thus the stake has been purchased at a market price. The mine group belonged…