3 October 2011 // Press centre PJSC "Yenakiieve Iron and Steel Works"
Supervisory Board of Private Joint Stock Company Makiivka Iron and Steel Works being a part of Metinvest Group assigned Aleksandr Chudnovets to a post of General Director of Joint Stock Company. Starting from October 1, 2011 Aleksandr Chudnovets is General Director of Private Joint Stock Company Makiivka Iron and Steel Works and Director of Makiivka Branch PJSC Yenakiieve Iron and Steel Works.
September 30, 2011 Supervisory Board made a decision to dismiss Aleksandr Chudnovets from a position of PJSC Makiivka Iron and Steel Works General Director and appointed him to a post of part-time General Director of PJSC Makiivka Iron and Steel Works since October 1, 2011. Thus starting from October 1, 2011 Aleksandr Chudnovets is General Director of Private Joint Stock Company Makiivka Iron and Steel Works and Director of Makiivka Branch PJSC Yenakiieve Iron and Steel Works.
Administrative management consolidation realizes within the Programme of continuous improvements, reconstruction and revamping of Metinvest production assets. Cut-through administrative expenses reduction at production site in Makiivka is carried out along with rolling facilities optimization in Yenakiievo. Legal status of enterprises remains the same.
- Editorial notes:
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Yenakiieve Steel is one of the world leaders in square billets production. The Group is comprised of PJSC Yenakiieve Iron and Steel Works and Ukrainian-Swiss Joint Venture Metalen, LLC, which both carry out economic activity at common production facilities and have united production cycle. The company produces cast billet, rebar and various rolled sections (beams, channels, angles, etc.) as well. Yenakiieve Steel is a part of Steel and Rolled Products Division of Metinvest Group.
Makiivka Branch PJSC Yenakiieve Iron and Steel Works is a separate subdivision on rolled sections and shapes production located in Makiivka, Donetskaya oblast.
Metinvest is a vertically integrated mining group of companies that controls the assets in every link of production chain starting from yielding of iron ore raw materials and coal and coke production up to issuing of semi-finished and finished products: steel, tube rolled products and coils as well as manufacturing of other products with high added value. The Group consists of metal and mining enterprises located in Ukraine, Europe and USA and possesses sale facilities comprising all key world markets.
The main shareholders of Metinvest are SCM (71,25%) and Smart Holding (23,75%) they manage it jointly.METINVEST HOLDING, LLC – the management company of Metinvest Group.