Starting with October 1, Metinvest has increased salary at its companies, even those in the Antiterrorist operation zone, on average by 5%. This is the second increase of wages this year. “All in all, this year the salary has increased by 15%. The most prominent employees will have their wages increased by 30%”, said the…
In July Metinvest increased EBITDA by 23.5% MoM, to $147 million. Thus, for 6 consecutive months Metivest has been gaining positive EBITDA. From November 2015 till January 2016 its EBITDA was negative. The group’s revenues in July totaled $568 million, as opposed to $559 million in June, $533 million in May, $502 million in April,…
For metal industry to start growing it needs a clear tariff policy, no discrimination of Ukrainian products on European market and access to loans, according to Metinvest CEO Yuri Ryzhenkov. He said mining-metallurgical industry was one of the main bases of Ukrainian economy. “It gives work to adjacent industries. To transport, energy, and machine-building”, he…
At present Metinvest is not negotiating the sale of Khartsyzsk Pipe Works, a leading Ukrainian producer of oil and gas large diameter pipes, situated in the Russia-supported terrorist-occupied territory. “We’re negotiating hundreds of sales of our assets. We can sell those that we don’t use for a fair price, but not KhTZ. It has just…
Metinvest is studying the possibility to buy new cargo cars because of the crisis situation on the railroad transportation market. “Now it’s possible to use private cars. There are no problems with buying cars at present. Ferrexpo buys them, we’re also looking into it”, Metinvest CEO Yuri Ryzhenkov said. According to him, Metinvest has some…
In October-December Metinvest could decrease its steel smelting by 10% due to the overhaul at its Mariupol assets. “Q4 will not differ much from Q3. The main difference will be on the Mariupol site”, said the group CEO Yuri Ryzhenkov. The decrease will also be the result of Ukrzaliznytsia repairing some of its routes to…
Metinvest Group ranks first among Ukrainian companies that have been included into Central and Eastern Europe TOP-500 list. The companies were ranked by the international audit company Deloitte based on their 2015 consolidated revenues. According to the survey, the majority of CE countries saw economic growth, and the only country whose economy shrank in 2015…
On September 1, Metinvest created the operational directorship on the basis of its mining and metal divisions. “Thus the group completes the process of creating the vertically integrated structure of the company under the Technological strategy of 2010”, Metinvest reported. The main goal of the transformation is the better cooperation of mining and metal assets,…
