Metinvest intends to invest around 25 million UAH into the Donetsk Medical University named after Gorky that has moved to Mariupol. “We have opened a new building of the university and started constructing another. The university has moved into our town, so we’re helping it to settle here”, the company CEO Yuri Zinchenko said. (Ukrainian…
The courts have ruled to exact 9.7 billion UAH of debts and fines from Dneprovsky Iron and Steel Works and Alchevsk Iron and Steel Works, all parts of the Industrial Union of Donbass, in favor of Metinvest. The courts ruled that a part of the debt could be cleared in future, and Metinvest did not…
Metinvest has concluded long-term contracts with shipbuilding works of Italy to supply metal, produced by its Trametal works. According to the group’s sales director Roman Kurashev, Italian shipbuilders have stable operations, and their orders portfolio for 2018 is already full. “Now they take orders for 2020-2021, so we’re working with them in normal mode”, he…
In 2017 Ukraine will consume 4.6 million tons of steel, up by 7% YoY. “We see activity increase in construction, agriculture and machine-building. So we expect steel consumption to increase by 5-10%, by 7% on average”, Metinvest marketing director Roman Kurashev said. Construction and machine-building will become the main drivers behind the consumption growth. In…
Metinvest intends to keep its share of the British steel market after a number of Liberty Steel works gets relaunched. “British market is interesting for us only from the point of view of steel plate sales. At present the situation is even. Our Spartan UK is 100% loaded, we have orders”, the Metinvest marketing director…
Metinvest B.V. (the Netherlands), the parent company of Metinvest international vertically integrated mining and steel group, in August posted positive EBITDA of $133 million, while in the previous month the figure was $147 million. According to preliminary unaudited consolidated data from the company’s financial statements under IFRS, revenues in August stood at $555 million, while…
Metinvest intends to develop its sales network in Europe to be closer to European consumers. According to Metinvest Western Europe sales director Roberto Re, the group has four works in Europe: two in Italy, one in Bulgaria and one in UK, as well as a network of 13 offices. “Our companies in EU always stock…
Each year Metinvest companies pay over 300 million UAH of environment tax to the budgets of all levels. Such a tax could become a resource for ecological improvement. And the local companies should receive the most of these payments and have the right to spend them on modernization. “And what if the local authorities decide…