In 2018 Metinvest enterprises paid 22.2 billion UAH to the budgets of all levels, up by 50% YoY. In particular, the group paid 11.1 billion UAH of profit tax, up by 76%. The payment of single social tax grew by 30%, to 3.1 billion UAH, and the individual income tax – by 22%, to 2.9…
In January-November 2018 Metinvest received $10.912 billion of income, up by 36% YoY. Metal division income grew by 40%, to $9.263 billion, and of mining – by 19%, to $1.649 billion. Consolidated EBITDA went up by 34%, to $2.41 billion. Metal division EBITDA increased almost 2-fold, to $1.3 billion, while that of mining division dropped…
Metinvest has confirmed the certificate of the SAP client expertise center at the level of Advanced. “The new certificate shows that we’re using the best world practices and standards in the field of IT-systems”, the company said. In January Metinvest completed the relocation of its SAP system to the cloud platform and became the first…
The metal companies are prepared to invest in the state system of education. According to Metinvest director on personnel Alexander Pimkin, at present the state does not do all the necessary things to reform the education system. “The approach to and the volumes of financing on behalf of the state are not enough”, he said.…
Metinvest has finalized the deal to buy Unisteel LLC in Kriviy Rih. “We expect the company to manufacture new products – the so-called structure rolled metal with the thickness of over 1.6 mm to be used in construction”, Metinvest-SMC CEO Dmitry Lippa said. Unisteel can also produce thinner rolled metal – 0.45 mm. The works…
In 2018 Metinvest increased rolled metal output by 3%, to 5.769 million tons. In particular, flat rolled metal manufacture grew by 2%, to 4.747 million tons, and long rolled metal – by 14%, to 817 thousand tons. At the same time the output of rails dropped by 3%, to 65 thousand tons, and pipes –…
Metinvest-SMC has developed and implemented a special program of preferences for metal structure exporters. “Our customers – metal structure works – have orders not only locally but also from abroad. And we react to that: our warehouses carry a range of rolled metal certified to EN”, the company CEO Dmitry Lippa said. Since mid-2018 the…
In 2018 the steel sales of Metinvest-SMC increased by 4% YoY. “According to our preliminary estimates, the local market has grown by some 4%. Our sales increased in this range as well”, the company CEO Dmitry Lippa said. In January-November 2018 sales exceeded 2 million tons. The company is expecting good results in 2019. “We…