Metinvest has become a leader of the innovations rating in the “Industry” nomination, compiled by Delo. The rating has been compiled based on the opinion of experts (40%), editors (40%) and online voting (20%). The companies were evaluated based on product innovation, innovation approaches in business process management and the scope of innovations. The best…
Ukrainian Railways ordered Metinvest-SMC LLC the delivery of rails valued at 583.06 million UAH. Until the end of 2020 the company has to supply 21.96 thousand tons of R-65 rails with the length of 25 m at 26,550 UAH per ton. The rails are manufactured by Azovstal. (Ukrainian metal)
Metinvest has invested almost 60 million UAH to improve the city of Mariupol, where two of its plants are situated – Mariupol Ilyich Iron and Steel Works and Azovstal. In particular, the group has created a chess club, on the basis of which a Multi-Hub SPALAH has been initiated, which has become a place to…
Nikolayev Shipbuilding Works “Ocean” has ordered Metinvest Group 1.2 thousand tons of shipbuilding steel, 900 tons of which will be used in the construction of two barges for Eurubulk. The length of the vessels will be 79 meters and the width – 9.6 meters. The other 300 tons will be used for another contract. Metinvest…
Thanks to the first stage of the Mariupol Ilyich Iron and Steel Works hot-rolling mill-1700 reconstruction, Metinvest will increase its sales of sheets to 4 million tons. “At present we produce 3.4-3.5 million tons of high-quality flat rolled metal, but now we will be able to produce 4 million tons”, Metinvest sales director Dmitriy Nikolayenko…
In January-September Metinvest increased steel output by 6% YoY, to 5.905 million tons. The manufacture grew due to the increased output at Mariupol Ilyich Iron and Steel Works by 399 thousand tons. At the same time Azovstal decreased steel production by 91 thousand tons. In Q3 manufacture remained unchanged QoQ at 1982 thousand tons, as…
Metinvest has cleared its $75-million debt of pre-export financing in advance. Now the company debt amounts to $406 million. “This move demonstrates our attention to servicing our debt and relieves Metinvest of paying planned amounts of the main debt for the next several months, which will provide us with a financial flexibility during the steel…
Metinvest Group intends to remain a stable player on the European steel market. “We are working on a business model to let us become a consistent player and diversify sales between various regions to focus on our main consumer markets”, the group sales director Dmitriy Nikolayenko declared. “Metinvest is the manufacturer with low expenses and…