26 October 2010 // Press-service Metinvest
Within the process of integration of SMART Group mining and metals assets, Metinvest has concentrated 90.2% share of the Statutory Capital of Makiivka Iron and Steel Works CJSC.
The enterprise will be integrated under the Steel and Rolled Products Division of Metinvest Group.
Briefing Note:
Makiivka Iron and Steel Works CJSC produces and sells long products, including rebars, wire rod, angles and rounds. Since launch of the most up to date rolling mill in Ukraine (Mill 390) in July 2009 MMZ has been implementing the «Rolling Conversion Development Program till 2010»,which envisages decommissioning of morally and physically obsolete Mill-350-1 and Mill-350-2, as well as upgrade of the new medium sections Mill-390. Within the said Program the enterprise started producing using four strands the only type of rolled product in Ukraine rebar#10, which enables to increase efficiency of Mill-390 by 25-30%. The enterprise has also purchased hard alloy rolls enabling production increase by up to 5 - 7% per annum. Product dimensions gauge has also been installed to control actual rolling size of the products. The projects are being implemented with the aim of improving the equipment utilization efficiency, as well as reduction of material consumption rates. In 2010 Makeevka I&SW received EN ISO 9001-2005 Certificate for its quality management system in the field of sections and shaped products.
Metinvest is an international vertically integrated mining and metallurgical group of companies. Production facilities of Metinvest Group enterprises allow both to satisfy own demand for raw materials, liquid steel and semi-finished products and to be key supplier for major Ukrainian and European companies as well as Asian companies. The shareholders of Metinvest Group are SCM Group (75%) and Smart Holding (25%) that take part in management of Metinvest Group on partnership basis.
METINVEST HOLDING, LLC is the managing Company of Metinvest Group.