In January-September Metinvest increased steel output by 3% YoY, to 5.597 million tons. Steel manufacture in Q3 dropped by 8% QoQ, to 1.803 million tons, mostly because of the decrease at Azovstal by 171 thousand tons due to the shut down of converters Nos. 1 and 2 for scheduled repairs, which lasted for 7 and…
Metinvest has joined the Association of Industrial Automation Enterprises of Ukraine. This will provide the company with the additional ways to cooperate in the automated management of manufacturing processes and IT with other participants. The group plans to implement innovations at its enterprises and support the national Industry 4.0 programs and initiatives. The center of…
Metinvest has created a new enterprise – Metinvest Digital LLC. The company will be responsible for all the IT-related tasks for the Metinvest group. It is also planned to create expertise on new digital solutions and improve project starts. Sergey Detyuk has been appointed the CEO of the new company. All the staff of the…
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…
