25 March 2013
Yenakiieve Iron and Steel Works, Metinvest Group, and Makiivka City Council signed the Social Partnership Agreement for 2013. Under this Agreement the Parties made a decision about the increasing of social programmes funding volume by more than 60%.
Alexander Maltsev, Mayor of Makiivka, and Alexander Podkorytov, PJSC Yenakiieve Steel General Director, signed this Agreement.
Summarizing the results of the Agreement for 2012, the Parties mentioned the successful execution of the main projects, aimed at the comfort living conditions creation for Makiivka residents. In 2012 UAH 2.4 mln was allocated for this activity. Among the significant projects the opening of the modern football field with artificial turf has been mentioned. This field can be used all year round for sport events that will help to attract several thousands of children and adults to sport activities.
Key areas of Metinvest and Makiivka Partnership activity for 2013 will be the following: repairs funding and equipment purchasing for municipal hospital No.2 pulmonary department, Metallurgists’ Culture Center renovation, cultural events supporting. Company will allocate about UAH 4 mln. for these projects realisation.
This year Metinvest starts the best project content under “We improve our town with our own hands” programme; “Healthy Environment Is Everyone's Business” ecology programme, as well as volunteers activity projects will also continue their development.
“We are now witnessing the good tradition, associated with social initiatives of Metinvest Company, realized in “Business and Power” format. Such cooperation has definitely positive results, first and foremost, from the residents’ point of view. The contract, signed last year, has been fully executed. And we excited to have new opportunities!”, - mentioned Alexander Maltsev, Mayor of Makiivka.
“Last year our cooperation with Makiivka City Council was fruitful: new modern sport venue appeared, culture center reconstruction has been started, boarding school and orphan asylum have been supported, - highlighted Alexander Podkorytov, PJSC Yenakiieve Steel General Director. – We have a lot of new and interesting projects ahead, which will enable the residents of Makiivka to make their City more pleasant and comfortable”.
- 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 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, the social programme “We improve our town with our own hands”. The allocated funds exceeded 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. In 2012 steelmaking rates, produced by the Assets of the Group - 12.4 mln. t, iron-ore concentrate production volumes – 36.2 mln. t, coking coal extraction volumes – 11.6 mln. t.
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