9 April 2014
Capital repairs of Ball Rolling Mill were completed at Rail Fasteners Shop (PJSC "AZOVSTAL IRON & STEEL WORKS", Metinvest Group). The enterprise investments in the subdivision upgrading and revamping were ca. 16 million UAH.
Thanks to replacement of 70% of mechanical and electrical equipment of two section-type heaters the subdivision productivity was increased by 20% (from 4.5 t/h to 5.5 t/h). Capacity growth would allow PJSC "AZOVSTAL IRON & STEEL WORKS" to satisfy in full the demand of mining and beneficiation plants (Metinvest Group) for high-quality grinding balls.
Over the repairs contractor specialists lined furnace sections, installed elevator belts, as well as replaced the most part of waste-heat boiler elements: three chambers, steam superheater and piping, reverse water supply pipelines.
Director General of PJSC "AZOVSTAL IRON & STEEL WORKS" noted, "Despite of tough time, which metallurgical industry is suffering, Metinvest Group continues to investment significantly in revamping of production capacities at its assets. Thanks to consistent policy of the company, nowadays we have completed capital repairs of Ball Rolling Department within the shortest possible time. Such large-scale repairs with replacement of section-type heaters and waste-heat boiler elements have not been done for a long time".
- For editors:
PJSC "AZOVSTAL IRON & STEEL WORKS" is a modern high-technology enterprise manufacturing wide range of steel products: slabs, bars, shapes, railway rails, rail fasteners, square billets, plates and products of metallurgical slag.
Production capacities of the enterprise allow to produce annually over 5.5 million tons of iron, over 6.2 million tons of steel (aim is to achieve 7 million tons of steel per year) and over 4.4 million tons of rolled products. Design capacities for rail fasteners production is 285 thousand tons per year, grinding balls 170 thousand tons per year.
Metinvest is a vertically integrated mining and metallurgical group of companies that manages assets in each segment of production chain, from extraction of iron ore raw materials and coal, as well as coke production up to manufacture of steel semi-finished and finished products, pipes and coils and also manufacture of other high-value-added products. The Group incorporates mining and metallurgical enterprises located in Ukraine, Europe and USA and has sales network covering all global key markets. Metinvest Group incorporates Metallurgical and Mining Divisions. According to the strategic vision of Group it is aimed to become the leading European vertically integrated steel manufacturer with sustained growth and profitability, despite the cyclical nature of markets, and provide investment yield above the industry standards. For the first nine months ended 30 September 2013, the Group received a US $ 9.8 billion in revenue, EBITDA profitability was 18%.
The key shareholders of METINVEST B.V. (Holding Company of Metinvest Group) are SCM Group (71.25%) and SMART Group (23.75%) that take part in the Group administration on a partnership basis.
"METINVEST HOLDING" LLC is the managing company of Metinvest Group.