At the same time, the head of the company managed by Metinvest emphasized to maintain production on all assets remaining under control, and also began to actively support the Armed Forces of Ukraine.
The metallurgical company Metinvest suffered serious losses due to the war: some properties were partially or completely destroyed, and due to the blockage of the ports, businesses could not deliver their products to customers. Yuri Ryzhenkov, CEO of Metinvest, said this in an interview with the Italian newspaper Corriere della Sera, Metinvest’s press service reports.
“Metinvest suffered greatly from the war. We lost operational control over two metallurgical plants – Azovstal and MMK named after Ilyich, which produced approximately 8.6 million tons of steel in 2021. They have been idle since then and likely to be partially damaged or damaged This situation has also affected our businesses in the UK and Italy, which rely on semi-finished products produced by Ilyich Iron and Steel Works,” he said.
Ryzhenkov also focused on the fact that Ukrainian ports are key for the company’s exports, but now Metinvest can no longer use the sea route to deliver products to the markets of Southeast Asia or Central East.
In addition, the head of Metinvest said that now more than 7,000 employees of the group are in the ranks of the Ukrainian army – this is more than 10% of employees, if you do not take into account the rest of the occupied Mariupol.
“But we managed not only to maintain production on all assets that remained under our control, but also to start to actively support the Armed Forces of Ukraine. As part of the military initiative of Rinat Akhmetov, the Steel Front, we provide the army with body armor, drones, helmets, cars and other military equipment,” emphasized Ryzhenkov. .
Recall, earlier it was reported that currently, every tenth body armor protecting the Ukrainian military is made of Metinvest steel or purchased by the company. In total, since the beginning of a large-scale war, Ukrainian soldiers have received 150,000 pieces of body armor from the company.
SCM named the value of Akhmetov’s aid to Ukraine
news Correspondent.net on Telegram. Subscribe to our channel Athletistic
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.