29 March 2012
Metinvest Group and the municipality of Krivoy Rog signed an agreement about cooperation and joining efforts to solve social issues. The Agreement was signed within the frames of the new social policy of Metinvest Group. Total volume of social investment is doubled in 2012 to UAH 40 mln.
The Agreement determines mutual obligations of the company and the municipality to provide better conditions for Krivoy Rog development, creation of comfortable living conditions for people and business development.
«Major shareholder of the company, Rinat Akhmetov set the direction towards the European standards of doing business. These include three key priorities. First, become the best in labor safety assurance, secondly, achieve European standards in ecology and protection of environment. And, mainly — become the best in business excellence in order to be able to pay decent salaries to the employees as well as to contribute actively into improving the welfare of the regions of our presence», — said the CEO of Metinvest Holding, LLC Igor Syry at the ceremony dedicated to the signature of the Agreement about Social Partnership between Metinvest Group and Krivoy Rog.
Key areas of social investing stipulated in the Agreement will be development of the city infrastructure, health care and environment, education quality improvement, mass sports development and health promotion. The volume of investments in 2012 will comprise nearly UAH 40 mln., which is almost double of 2011.
«Krivoy Rog enterprises of Metinvest always paid attention to our city and this is not the first year, when they carry out a large scale work to improve Krivoy Rog infrastructure. Such large projects as the reconstruction of Damansky district and Quarter 44, as well as Outdoor Activities Park Construction in Ingulets District of course brought great benefits to the city. This year our relationships rise to a new systemic level. By this Agreement we fix our mutual obligations in terms of the city development», — noted Yuriy Vilkul, the mayor of Krivoy Rog.
Igor Syry also noted that as of the most recent five years Metinvest has invested around $2 bln. into upgrading its enterprises in Krivoy Rog and intends to invest another $3 bln. during the next five years. Furthermore, the company intends to increase financing and efficiency of social projects.
«Even during the harsh crisis hears we never suspended financing of the social programs and, we’ll hope, that we will be able to withstand the coming new wave of the crisis. We consistently and responsibly fulfill all undertaken obligations», — emphasized the CEO.