Ukraine: Metinvest enterprises invest 4 billion UAH in Kriviy Rih environment

In 2019, Metinvest enterprises in Kriviy Rih – Ingulets, Severniy and Central Mining and Processing Works – spent 4 billion UAH on ecological projects under a city program until 2025. In particular, the enterprises invested in new machinery and equipment, which helped decrease dust emission to 50 mg per 1 cubic meter. 14 automated environment-monitoring…

Ukraine: Ukrzaliznytsia to repair Metinvest locomotives

Ukrzaliznytsia intends to offer its services on locomotive repair to private companies. One of them could be Metinvest. According to the company, Lviv Locomotive-Repair Works, Dniepropetrovsk Locomotive-Repair Works and Zaporozhye Electric Locomotive-Repair Works have to show their worth not only at the expense of Ukrzaliznytsia, but also on the open market. That is why Ukrainian…


Ukraine: Metinvest to squeeze out Zaporozhogneupor shares

Barlenco Ltd. (Cyprus), affiliated with Metinvest, intends to use its right to squeeze out shares of Zaporozhogneupor minority holders. On July 6, Zaporozhogneupor received a notification from shareholders on reaching the dominating controlling shares on July 3. Prior to this, Metinvest B. V. owned 2,650,697 shares, or 45.385539% of the total, Zaporizhstal – 2,874,068 shares…

Ukraine: Metinvest repairs 21 units of machinery at MMK and Azovstal during quarantine

During the coronavirus quarantine lockdown, Metinvest enterprises carried out 21 capital repairs of machinery and mastered manufacture of 16 new types of products, having spent 331 million UAH on modernization. In particular, Azovstal repaired 16 main machines. Investments totaled 126 million UAH. Mariupol Ilyich iron and Steel Works finished 5 capital repairs of main and…

Ukraine: Metinvest plants pay 700 million UAH of taxes in Q1 2020

In January-March, Metinvest Zaporozhye plants – Zaporizhstal, Zaporozhogneupor, Zaporozhkoks and Zaporozhye Foundry-Mechanical Works – paid over 700 million UAH of taxes to the budgets of all levels. In particular, Zaporozhye city and regional budgets received some 202 million UAH, down by 0.9% YoY. Earlier, the Metinvest Group waved tax holidays, provided by the state due…