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Top listed among the Best Business Managers of Ukraine

7 March 2013

Alexander Podkorytov, General Director of PJSC Yenakiieve Steel made up Top Five List of 2012 Best Business Managers in Iron and Steel Industry.

General Director was highly appraised according to “Management GVardia” National Rating, aimed to obtain impartial, independent and comprehensive assessment of Ukrainian CEOs’ skills and efficiency level.

The best-performing managers top list of “GVardia 2012 Best Ukrainian Business Managers” rating includes also Metinvest Group CEOs: Igor Syry, General Director of the Company, Pavel Timoshenko, General Director of Central Iron Ore Enrichment Works, Yuriy Zinchenko, General Director of Ilyich Iron and Steel Works, Enver Tskitishvily, General Director of Azovstal Iron and Steel Works.

“The leading place in Managers Top List evidences that PJSC Yenakiieve Steel team strove to work efficiently in 2012, cutting costs and proficiently setting priorities in any activity. Our team succeeded doing this. We’ve achieved this result through cooperation. I hope that despite tough economical conditions Yenakiieve Steel team will keep constantly demonstrating high production performance rates”, - announced Alexander Podkorytov, General Director of PJSC Yenakiieve Steel, Metinvest Group.

For editors:

PJSC Yenakiieve Iron and Steel Works, comprised of Yenakiieve Steel and its Makiivka branch, is a world leader in commercial billet production. The company produces cast billet, bar products and various section rolled products (beams, channels, angles, etc.) as well. Yenakiieve Steel is the only producer of shapes for elevator tracks within Ukraine. Yenakiieve Steel production performance for 2011are as follows: 1.9 mln. tones of hot sinter, 2.3 mln. tones HM, 2.7 mln. tones of liquid steel, 2.6 mln. tones of rolled product. Yenakiieve Steel is the only producer of shapes for elevator tracks within Ukraine.

Two up-to-date blast furnaces (BF No.3 and BF No.5) and first continuous casting machines (CCM) manufactured in Ukraine are operating at Yenakiieve Steel. In 2012 BF No.3 was acknowledged as the best industrial facility in Ukraine according to the competition by Ministry of Regional Development, Construction and Housing of Ukraine.

For the second time Yenakiieve Steel implements, in Yenakiievo and Makiivka, which are towns of presence, social programme “We improve our town with our own hands”. The allocated funds amounted to UAH 500 th. for 2011-2012. In 2012 Yenakiieve Steel management and local authorities signed “Town-Works” social and economic development agreement, aimed to create comfortable living conditions for citizens.

Yenakiieve Steel is part of Metinvest Group’s Metallurgical Division.

METINVEST GROUP is an international vertically integrated steel and mining group of companies, managing every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. The Group comprises steel and mining production facilities located in Ukraine, Europe and the USA and has a sales network covering all key global markets. The Group consists of Metallurgical and Mining Divisions. Metinvest’s strategic vision is to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns at above the industry benchmarks.

The major shareholders of the Company METINVEST B.V. (a holding company of Metinvest Group) are SCM Group (71.25% ownership) and Smart-Holding (23.75% ownership) partnering in Company’s management.

METINVEST HOLDING LLC is the managing company of Metinvest Group.

Get more information at www.metinvestholding.com