At the beginning of the war, the vertically integrated structure of Metinvest was disrupted, says Yuri Ryzhenkov.
Company group Metinvest faced serious challenges at the beginning of the massive Russian invasion and the loss of key factories in Mariupol. Yuri Ryzhenkov, CEO of the group, spoke about the measures that ensure the safety of the company and further development in an interview.
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According to him, at the beginning of the war, Metinvest’s vertically integrated structure was disrupted, so it was decided to give foreign subsidiaries the opportunity to act independently.
“Our goal is to ensure that one part of the company can operate without hindrance while the other is forced to face the consequences of the war. The next step, but not least, is the evacuation of the civilian population from in the regions most affected by We tried to transport as many people as possible and give them everything they need, in particular, temporary accommodation and basic needs,” said Ryzhenkov.
According to him, the third initiative is the support of the Ukrainian Armed Forces in preventing the Russian offensive. To do this, the company brought heavy equipment to build defensive structures, and also supplied the soldiers with armored steel, body armor and other critically needed items.
“Then we began to reconsider the logistics that were disrupted due to the blockade of the Black Sea ports. We had to move everything to the western border and cooperate not only with Ukrzaliznytsiabut also to the Polish, Romanian and Hungarian carriers, who are less prepared for such an increase in the volume of cargo transportation, “Ryzhenkov emphasized.
There have also been changes in internal management Metinvest. According to Ryzhenkov, the company practiced the basic principle of delegation of authority: management delegated as much authority as possible to people directly on the ground. This approach ensured faster decision-making and increased accountability.
We will remind you that in six months Metinvest paid 6.3 billion hryvnias in taxes. And in the second quarter of this year, the group transferred more than 3.8 billion hryvnias to the state budget, which is 51% more than in the first quarter of the same year.
It is also known that during the 600 days of the war, the company sent 4.2 billion hryvnias to help Ukraine and remains one of the largest private donors of the Armed Forces of Ukraine: it produces body armor, mobile shelters, armored shields for vehicles and “lancet catchers”, and also bought and gave them in front of almost 2 thousand different drones.
Source: korrespondent
I’m Liza Grey, an experienced news writer and author at the Buna Times. I specialize in writing about economic issues, with a focus on uncovering stories that have a positive impact on society. With over seven years of experience in the news industry, I am highly knowledgeable about current events and the ways in which they affect our daily lives.