21 October 2013
Metinvest Group was an official partner of the Fourth International Investment Summit DIIS in Donetsk on 17-18 October.
This year the summit was devoted to energy efficiency and ecological safety.
Representatives of the management company of Metinvest Group, Ilyich Iron & Steel Works of Mariupol, and Khartsyzsk Pipe participated in the event.
Yuriy Zinchenko, general director of Ilyich Iron & Steel Works of Mariupol, gave a presentation on his plant's energy saving projects. According to him, the long-term way to raise energy efficiency is to motivate employees to develop their own ideas for energy and resource conservation. He said that significant economic benefits can be produced even by no-cost measures. MMKI's energy saving measures have resulted in savings of UAH 48 million since the start of 2013.
Pavel Uzbek, general director of Khartsyzsk Pipe, gave a presentation on his plant's systematic approach to raising the efficiency of resource use. According to him, bigger investments in new technology and equipment and continuous improvement by employees will result in maximum production efficiency. The savings from the work of the continuous improvement team at the plant is estimated to exceed UAH 15 million this year.
Vladislav Belous, head of Metinvest's environmental protection department, gave a presentation on environmental activities carried out in cities where the Company operates. According to him, the Group's strategic approach involves a gradual reduction in pollutant emissions by improving technological processes, optimizing the operation of equipment, and introducing new technologies. The Group invested more than UAH 15 billion in large modernization and ecology projects in 2011-2012.
Metinvest also participated in the "Sustainable Development: Energy Efficiency, Resource Saving, and Ecological Safety" exhibition at DIIS.
DIIS was first held in 2008. This is one of the largest business forums in the country devoted to issues of Ukraine’s economic development and investment prospects. The event was organized by the Agency of Investment Development of Donetsk Region, the Donetsk Regional State Administration and the Donetsk Regional Council.
- For editors:
Metinvest Group is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Its strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks. The Group reported revenue of USD 3.1 billion and an EBITDA margin of 15% in the first quarter of 2013.
The major shareholders of Metinvest B.V. (the holding company for Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group’s management.
Metinvest Holding, LLC is the management company of Metinvest Group.