13 October 2014
PJSC “AZOVSTAL IRON & STEEL WORKS” (Metinvest Group) has mastered manufacturing of a new profile of mine rails Р34, so as early as in the coming days those rails will be utilized in coal producing mines of DTEK.
The first lot of mining rails with total mass of 220 tons is intended for the coal-mining association “Pavlogradugol (DTEK)”. In contrast to standard railroad rails, the new production is manufactured in a lighter form, weighing 34 kg in a linear meter, as well as of a compact length, 10 and 11 meters, in order to facilitate track laying in narrow and serpentinous mine tunnels. Apart from that, upon the customer’s demand the new mining rails are equipped with holes for joint assemblies at their ends.
Mastering process of the new profiles was fulfilled at Heavy Section Mill and Rail and Beam Shop of the enterprise. Specifically for that purpose, outfit of the rolling mill and other technological equipment has been upgraded, as well as new technological procedures have been implemented at “AZOVSTAL IRON & STEEL WORKS”. All the preparatory activities lasted for about 7 months. Experimental rolling was performed as far back as in September, while later professionals of the enterprise rolled out the first lot of mining rails Р34 from the total amount of 8.
PJSC “AZOVSTAL IRON & STEEL WORKS” is working upon mastering of new production types on a regular basis. Thus, at the end of August the enterprise proceeded to manufacturing of high-strength steel plates that comply fully with the requirements of the European Standards.
“Currently, the Ukrainian iron and steel industry appears to be in extremely complicated conditions. The anti-crisis strategy of PJSC “AZOVSTAL IRON & STEEL WORKS” (Metinvest Group) is based upon mastering of new production types, modernization of production capacities, personnel training and professional development of every employee in our collective of thousands. The said strategy enables us to maintain advanced positions at the metallurgical market and to develop confidently”, has emphasized Enver Tskitishvili, the Director General of PJSC “AZOVSTAL IRON & STEEL WORKS”.
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 three months of 2014 ended March 31, 2014, the Group received a US $ 2.9 billion in revenue, EBITDA profitability was 30%.
The key shareholders of METINVEST B.V. (Holding Company of Metinvest Group) are SCM Group (71.24%) and SMART Group (23.76%) 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