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8 thousand Metinvest employees have been mobilized since the start of the full-scale Russian invasion. Metal companies face labor shortage, which is covered by attracting women. “Last year we didn’t lay off people, on the contrary – we made everything possible to retain manufacturing staff and improve efficiency. Yet the number of employees decreased by…
DetailsPoland is successfully initiating new sanctions against Russia, despite the additional financial pressure on local manufacturers, while some other countries bargain for exclusions for them, the director of the Global Politics Institute Yevhen Magda has said. “The permanent representative of Poland in the EU must be more exacting and categorical, especially as to the desires…
DetailsUzbekistan plans to implement promising projects worth $500 million on rare earth metals with the participation of foreign experts and investors. This issue was reviewed at a meeting held by the President of Uzbekistan, Shavkat Mirziyoyev, to discuss tasks in the spheres of geology and metallurgical industry. During the meeting, the president noted that the…
DetailsThe depth of the quarry at the Muruntau gold mine has reached 650 meters. The next stage will see the depth exceeding 1 thousand meters and yielding over 50 million tons of ore per year. This is the largest gold deposit with the reserves estimated at more than 4.5 thousand tons. At present the quarry…
DetailsSince the start of the Russian full-scale invasion, each sixth Metinvest employee, or 15% of all the staff, has been mobilized to the Armed Forces of Ukraine. So far, around 1.5 thousand employees have returned form the war, and more than 500 have resumed work. The group expects that 6-7 thousand employees will return to…
DetailsIn 2023, Stalkanat decreased net profit by 13.8% YoY, to 280.060 million UAH. Net income grew by 3.1%, to 3.328 billion UAH. Undistributed profit amounted to 373.626 million UAH. Last year, the company sold 72.593 thousand tons of metal products. Exports amounted to 53%. Capital investments totaled 164.815 million UAH. Average number of employees was…
DetailsIn 2023, Dniprometiz-TAS LLC decreased net loss 2.6-fold YoY, to 9.658 million UAH. Net income increased by 8.2%, to 2.677 billion UAH. Undistributed profit amounted to 248.89 million UAH. (Ukrainian metal)
DetailsSteel production continues recovering in Ukraine, but the pre-war level is unlikely to be reached in the foreseeable future. In March, steel output grew by 16% YoY and in Q1 – by 37%. Pig iron manufacture increased by 16% and by 32% respectively. Ukrainian steel plants work with decreased capacities ranging from 30% to 90%…
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