Ukraine: Metinvest net profit down in H1 2019

In January-June Metinvest decreased net profit by 39% YoY, to $408 million.

The company revenue dropped by 6%, to $5.818 billion, and EBITDA – by 33%, to $890 million.

At the same time the total and net debts remained unchanged – $2.753 billion and $2.474 billion respectively. (Ukrainian metal)

Ukraine: Metinvest to modernize Mariupol Ilyich mill-1700

Metinvest enterprises are able to satisfy the local demand for galvanized metal with thickness less than 0.3 mm, Metinvest Holding marketing director Roman Kurashev said, commenting Russian and Chinese duties. “First of all, we will commission a modernized hot-rolling mill-1700 at Mariupol Ilyich Iron and Steel Works, and thus will be using hot-rolled metal with…

Ukraine: Metinvest spends 20 million UAH on improving working conditions

Under the “Working conditions” program, Metinvest is gradually improving the amenities at its enterprises. Thus, after capital repairs the Metinvest-Promservice has received another bath with the size of 200 square meters in the sinter machinery repair shop. Over 2 million UAH were invested in the project. This year Metinvest has already spent 20 million UAH…

Ukraine: Metinvest to invest 50 million UAH in lighting replacement at SevGOK

This year Metinvest will spend some 50 million UAH on the project to implement LED-lighting at the Severniy Mining and Processing Works. The old lamp replacement will improve the working conditions of the employees and will let save around 25 million UAH per year. At present the enterprise has a new lighting system at the…

Ukraine: Metinvest gets loan to modernize Mariupol Ilyich rolling mill

Metinvest has concluded a loan agreement in order to purchase equipment to modernize the hot-rolling mill-1700 at the Mariupol Ilyich Iron and Steel Works. The equipment will be supplied by Primetals Technologies Austria GmbH. The loan has been provided by Oesterreichische Kontrollbank Aktiengesellschaft. The reconstruction will increase the 1700-mill capacity from 1.36 million tons per…

Ukraine: Metinvest revenue down in Q1 2019

In January-March, Metinvest decreased revenue by 5% YoY, to $2.863 billion.

EBITDA dropped by 33%, to $435 million.

Capital investments fell by 8%, to $198 million.

At the same time, the Group total debt decreased by 2%, to $2.682 billion, with net debt unchanged at $2.464 billion. (Ukrainian metal)