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Metinvest spoke about changing its priorities in Ukraine

Photo: Met_invest

The “green” approach implies the modernization of the Kametstal and Zaporizhstal iron and steel plants, said the general director of the holding.

Since 2014, a group of companies Metinvest lost six large businesses. He had to rebuild supply chains and change priorities in his activities. The general director of handling, Yuri Ryzhenkov, wrote about it in his column.

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Even at the beginning of the war in the east, the main office of the company Metinvest moved from Donetsk to Kyiv. In 2017 the company went out of business Yenakievo Metallurgical Plant, Khartsyzsk Pipe Plant And Krasnodonugolb. “I found myself under work Avdeevka Coke Plant“, said Ryzhenkov.

According to him, during the war the company’s priorities changed significantly: if before a full-scale invasion Metinvest allocated money for social infrastructure, education, sports and culture, now it supports the army, provides humanitarian aid and deals with employees, veterans and community safety. In the last two years, during the war, the company managed to establish production of about 50 types of new products.

Ryzhenkov noted that the growth of production and export capacity affected the payment of taxes: for two years Metinvest paid more than UAH 35 billion in taxes and fees to the state budget, and in the first quarter of 2024 it doubled last year’s figures.

“The next decade will be a time of change. Metinvest has not only adapted to wartime work, but is also making plans for a carbon-free future – in particular, a green steel plant in Italy. It should compensate for the loss of Mariupol production and increase the workload of Ukrainian mining and processing plants. In addition, it will be a pilot project for the future “green” transformation of the company’s businesses in Ukraine,” wrote Ryzhenkov .

He already mentioned the green strategy Metinvest provides for the modernization of steel mills Kametstal And Zaporizhstal, and the mining and processing plant is planned to be converted to produce high-quality pellets. This will require huge investment in the next 5-10 years after the end of the war.

“Modern businesses need highly qualified workers The company sees metallurgists in the future who will operate large programmable machines, like modern drone operators, therefore, the company’s own university has been running for two years Metinvest Polytechnic, which released its first specialists this year. European quality education will be a significant contribution” to the development of young people committed to the restoration of Ukraine,” concluded Ryzhenkov.

Let’s remember last year Metinvest join the project of “green” transition of Ukraine. A memorandum of partnership was signed at a conference on the restoration of Ukraine taking place in London.

Also reported in the future Metinvest plans to produce carbon-neutral steel in Mariupol.

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Source: korrespondent

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