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Ilyich Iron and Steel Works

New hauling equipment at Ilyich Iron and Steel Works

4 August 2014

Three modern diesel locomotives arrived to the rail depot of Ilyich Iron and Steel Works, Metinvest group. The machines will go on rails as soon the precommissioning is complete.

New TEM-18D locomotives are equipped with modern diesel engines , they have on board power supply and microprocessor control and diagnostics systems. The space operator’s cab is equipped with air conditioning and heating system. Such accessory secures low fuel consumption , user-friendly operation and maintenance.

All diesel locomotives have been purchased according to the hauling equipment refreshment and modernization investment program for 2014. The cost of each unit is around 14 mln.hryvna.
During 7 month of the current year around 100 mln hryvna have been spent by the company for re-equipment and repair of existing auto- park.

According to the investment program , two diesel locomotives will be subject to capital repair which costs 18 mln.hryvna. Moreover, two M62UP diesel locomotives have been repaired and modernized and the other two are being repaired.

Yurii Zinchenko- General Director of Ilyich Iron and Steel Works:

- Investments in modernization are investments in the plant’s future. The existing program of modernization will allow us to resolve three main tasks which include increase of production capacity, lower resource consumption and reduced stress on environment.
Renovation of the hauling equipment is a vital part of this program. The new equipment will bring more economy in the plant’s railway logistics .

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. For the first quarter of 2014 ended 31 March 2014, the Group reported revenues of US$2.9 billion and an EBITDA margin of 30%.

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.