21 September 2011 // Press Center PJSC "AZOVSTAL IRON & STEEL WORKS"
Metinvest, vertically integrated mining and metallurgical group of companies, contributed to roadway repairs in Mariupol. 800 thou UAH were appropriated for road repairs within the framework of bilateral agreement on social and economic cooperation for 2011 between "AZOVSTAL IRON & STEEL WORKS" and Mariupol Municipal Council. Since the beginning of 2011 aid to the city under the agreement was more than 4.7 mln. UAH.
The appropriated funds will be directed to repairs of central highway of the city – Lenin Avenue. Part of Lenin Avenue near Bus Station-2, from supermarket "Amstor" to turning on Krasnoflotskaya Street, will be reconstructed in the course of repair work. Start of repair work is scheduled for October. It is planned to repair 1537 m2 (161 running meter) of roadway.
Enver Tskitishvili, Director General of PJSC "AZOVSTAL IRON & STEEL WORKS", notes that transportation first and foremost requires reliability and high safety level. Solving the matter with investment of funds for roadway repairs, we have chosen this particular road section, which is a link of many highways and important not only for the city, but also for interregional transportation.
- Editorial notice
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PJSC "Azovstal Iron & Steel Works" is a modern high-tech enterprise manufacturing a wide range of steel products: slabs, bars, shapes, railway rails, rail fasteners, square billets, plates and products of metallurgical slag.
Production facilities of the enterprise allow producing over 5.5 mln. t of iron per year, over 6.2 mln. t of steel per year (with the purpose of reaching 7 mln. t of steel per year), and more than 4.4 mln. t of rolled products. Design capacities for rail fasteners production are 285 thousand t per year, milling balls - 170 thousand t per year.Metinvest is a vertically integrated mining group of companies owning assets in each link of the production chain from iron ore and coal min-ing and coke production through to manufacture of semi-finished and finished steel products, pipe rolling and coils as well as other value-added products. Group consists of mining, iron and steel companies, located in Ukraine, Europe and USA and has a sale network covering all key world markets. The major shareholders of Metinvest are SCM Group (71,25 % ownership) and Smart-Holding (23,75 % ownership) partnering in Company’s management.
METINVEST HOLDING, LLC is the managing company of Metinvest Group.