The Antimonopoly Committee of Ukraine has postponed the review of the issue of Metinvest buying over 50% in Dneprovsky By-Product Coke Plant. The Committee had to review the issue on April 11. In 2017 Evraz Dneprodzerzhinsk By-Product Coke Plant changed its name to Dneprovsky By-Product Coke Plant. (Ukrainian metal)
From April 1, Metinvest will increase wages to its employees by 15% on average. The salary of the directors of Metinvest enterprises and employees of the managing company will not increase. Last year Metinvest increased the wages twice: in April they grew by 20%, and in October – by 10%. In 2018 the average salary…
Capital investment projects will become the main focus for the Metinvest group this year. “We have recently commissioned the continuous casting machine No. 4 at the Mariupol Ilyich Iron and Steel Works, but this is only the beginning of our large-scale investment program, as it allows us increasing our steel output by 1 million tons.…
Metinvest has reached a preliminary agreement on the discount of 20% on the delivery of its cargo by railroad to the ports of Mariupol and Berdyansk. “The agreement was reached during the meeting in the Ministry of infrastructure. Ukrzaliznytsia showed its readiness to provide such a discount. The discount will cover metal products only”, Berdyansk…
In 2018 Metinvest paid $15.3 million of bonuses to its top managers. In 2017 the bonuses amounted to $13.3 million. In addition to the CEO Yuri Ryzhenkov, the Metinvest board comprises of Yulia Dankova, Alexander Pogozhev, Oleg Tokar, Svetlana Romanova, Dmitry Nikolayenko, Oleg Shudra, Alexei Gromakov, Andrei Yemchenko, Alexander Komlyk, Olga Ovchinnikova and Sergey Detyuk,…
In 2018 Metinvest purchased 23.71% of Yuzhkoks shares for $30 million. The group also bought 24.99% of Pokrovskoye mine group and Svyato-Varvarinskaya Processing Factory and 100% in Unisteel for $190 million, the latter owning the galvanizing line with the capacity of 100 thousand tons per year. “The acquisition of these shares will provide for a…
In 2018 Metinvest increased its sales in Ukraine by 35% YoY, to $3.34 billion. The growth was due to the increase in domestic demand. “Metal consumption in Ukraine grew by 4%, to 5.7 million tons”, the group noted. Pellets and coke sales increased by 58% and by 41% respectively. The share of Ukraine in the…
In 2018 Metinvest received $1.188 billion of net profit, up by 93% YoY. According to the group statement, revenue grew by 33%, to $11.88 billion, EBITDA – by 23%, to $2.513 billion, gross profit – by 28%, to $2.787 billion and cash flow – by 85%, to $1.103 billion. At the same time the debt…
