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Metinvest allocated approx. UAH 200M to enhance equipment environmental safety and reliability at Yenakiieve Steel

1 July 2011 // Press centre Metinvest Group

Within the framework of the programme aimed at production facilities continuous improvement, reconstruction and upgrading, Metinvest is carrying out a set of capital repair works of steelmaking and power units at Yenakiieve Steel (included in Metinvest Group). This is the most large-scale repair campaign since the maintenance block-type system was introduced at the enterprise four years ago. Project investments will amount to approx. UAH 200M. The main focus of such repair activities is to enhance equipment environmental safety, cost-effectiveness and functional reliability.

The most large-scale repair period was commenced in the beginning of July. The repair works scope covers all production subdivisions of the enterprise and comprises 29 main steelmaking units and power objects. One of the major tasks of these maintenance activities is to enhance environmental safety and functional reliability of the process equipment. Complete accomplishment of the repair works is scheduled on November current year.   

Owing to quality preliminary preparation of the repair activities and operation stimulation of the units not involved in the repair process, considerable production drop is not expected. The enterprise intends to meet contractual obligations in due time and in full.

«Specific feature of the capital repair works set in 2011 is the environmental focus. – noted Alexandr Podkorytov, Yenakiieve Steel General Director.  - 70% of repair works is carried out within the framework of the Works’ Ecological Programme on emissions reduction. We are expecting to get good result already this year".

Editorial note:

Yenakiieve Steel is a one of the world leaders in commercial billet production. The company produces cast billet, bar products and various section rolled products (beams, channels, angles, etc.) as well. Yenakiieve Steel is a part of Metinvest Group Steel and Rolled Products Division.

Metinvest is a vertical-integrated group of mining and steel companies managing assets in every link of production chain starting from iron ore materials and coal mining and coke production ending with semi-finished and finished products manufacturing from steel, pipe products and coils production as well as other high value added products. The Group consists of mining and steelmaking facilities in Ukraine, Europe and USA and has sales network covering all key world markets. Major shareholders are “SCM Group” (71.25%) and “Smart-Holding” (23.75%), which take part in “Metinvest Group” management on terms of partnership.

METINVEST HOLDING LLC is the managing company of Metinvest group.