6 May 2014
PJSC "AZOVSTAL IRON & STEEL WORKS" (Metinvest Group) completed capital repairs of Rail and Steel Mill "800". The enterprise investments were over 24 million USD.
Transfer mechanisms, rolling stands were repaired, new roller tables were installed, 60 meters of coke-oven and blast-furnace mixture pipeline were replaced. Capital repairs will allow the company to ensure manufacture of quality products and continue to develop new types of products.
Specialists of the enterprise held major repairs of motor "2500", as well as current repairs of 32 more motors of rolling mill. In the course of capital repairs working conditions of the mill employees were improved - control stations No. 9 and No. 10 were fully upgraded.
Mariupol Mechanical Repair Plant of Metinvest established on the basis of repair services of PJSC "AZOVSTAL IRON & STEEL WORKS" and PJSC "Ilyich Iron & Steel Works of Mariupol" in 2013 produced the required equipment details and spare parts.
Enver Tskitishvili, Director General of PJSC "AZOVSTAL IRON & STEEL WORKS":
- Since 1952 all the Ukrainian railways have been laid using Azovstal rails. Railway companies of more than 20 countries purchase such products for their needs. For us it is a very important market. And the recipe to preserve our position at it is very simple - we have to offer the consumer a quality product at a reasonable price. Thus, we comply with the customer expectations, upgrade equipment, introduce new technologies to reduce costs and improve the quality of metal.
- 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.
Additional information is available at site: www.metinvestholding.com