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Ilyich Iron and Steel Works

PJSC “Ilyich Iron and Steel Works of Mariupol” is continuing to increase energy efficiency

10 April 2014

PJSC “Ilyich Iron and Steel Works” of Metinvest Group invests 1, 2 million UAH in the capital overhaul of the steam generator CKTI-75. The unit renovation will help the enterprise to reduce the consumption of fuel at heating and power plant №1 and shorten the steam cost-price. The economic effect will make 24 million UAH.

The steam generator CKTI-75 is intended for the steam production for the blat-furnace air and heat energy production. The capital overhaul program includes the replacement of the water saver first phase, carrying out expert survey and the electric equipment repair, gauges, all automatics, pipe-lines, armature.

“We are continuing to work on competitive ability increasing at the expense of energy carriers costs reduction. Only in 2013 the Works decreased the costs on energy carriers on 75 million UAH. We have a task – this year to activate our forces connected with energy saving. A complex program has been developed for this. Today every shop reparation is intended for the gas consumption, electric energy, coke and other recourses optimization” – said the general director of PJSC “Ilyich Iron and Steel Works of Mariupol” Yrii Zinchenko.

For editors:

PJSC "Ilyich Iron and Steel Works of Mariupol" is one of the greatest enterprises in Ukraine with full metallurgical cycle. The Works produces pipes and flat rolled products of carbon, low-alloy and alloy steels for different applications: hot-rolled plates and sheets intended for the production of pipes for main pipelines, ships, pressure vessels, bridge constructions, other metal constructions for critical application; hot-rolled plates, sheets and strips including pickled; cold-rolled, including galvanized, bands, sheets and strips, including for cold stamping, flooring and others.

METINVEST is an international vertical-integrated mining-and-metallurgical Group of companies, which runs assets in every link of production chain for creation of value from iron-ore and coal mining tol semi-finished and finished metal products manufacture. The structure of the Group comprises mining and metallurgical enterprises in Ukraine, Europe and USA, and sales network covering the key world markets. METINVEST GROUP consists of Metallurgical and Mining Divisions. According to the strategical vision of the Group its aim is to become lead European vertical-integrated steel producer with stable ratio of growth and cost effectiveness in spite of market cyclicity, and to ensure investment return higher than industrial standards. In a period of the nine months before 30th of September 2013 the Group has received US$9,8 milliards of sale proceeds, cost effectiveness by EBITDA was 18%.

The main shareholders of METINVEST B.V. company (Holding company of METINVEST GROUP) are SСM GROUP (71,25%) and SMART GROUP (23,75%), which control Group at partnership relations.