Metinvest has laid claims to Dneprovsky Iron and Steel Works. On July 5 the Commercial Court of the Dniepropetrovsk region initiated the bankruptcy procedure of DMK. Metinvest is one of the suppliers of raw materials to DMK. “We have for a long time tried to settle with ISD (Industrial Union of Donbass, owner of DMK)…
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…
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…
Metinvest has transferred shares of the enterprises, remaining on the occupied territory, to a separate company. One of the plants is already being bankrupted. The shares have been transferred to Sitler Management Limited (Cyprus). The company is 100% owned by Metinvest B. V. The names of the enterprises, the shares of which were transferred, were…
In April, Metinvest B. V. revenue dropped by 7.5% MoM, to $954 million. EBITDA was $173 million, down by 6%. Corrected EBITDA of the metal division totaled $53 million ($46 million in March), and of the mining – $151 million ($148 million). Combined revenue comprised metal division revenue of $791 million ($844 million) and mining…
The development of sizes and grades of products according to foreign standards and demands of key customers is one of the priority tasks for Metinvest this year. This year the group plans to master the manufacture of four new sizes of slabs and 19 new flat rolled products. Some of the new products are already…
Metinvest will invest 4 million UAH in the projects to create children development centers in Kriviy Rih. The best projects will be chosen at the business idea competition organized by the Kriviy Rig Foundation of the Future and implemented with the help of Metinvest. Each project will receive a grant of at least 300 thousand…
In 2018 Metinvest was placed 42nd in the rating of the largest steel producers, published by World Steel Association. Last year the group produced 9.37 million tons of steel, down from 9.59 million tons in 2017. In 2017 Metinvest was also placed 42nd. But before it lost its assets in Eastern Ukraine, seized by Russia-controlled…
