23 October 2013
Metinvest Group's Yenakiieve Steel was cited by the organizers of the Green Mind environmental forum due to its active participation in the event.
Aleksandr Podkorytov, Yenakiieve Steel’s general director, gave a presentation entitled "Upgrading production and implementing leading environmental solutions: Yenakiieve Steel’s experience."
"The main focus of Yenakiieve Steel’s Technological Strategy is on complying with strict environmental standards and increasing energy efficiency by reducing energy costs by 25%,” said Aleksandr Podkorytov, EMZ's general director. “Alongside the construction of new modern facilities, we stopped eight environmentally-unfriendly and energy-consuming types of production. We have invested over USD 500 million since 2006 and are planning to invest the same amount by 2017 so that our enterprise will meet environmental requirements with the best technologies available."
The plant is currently building a new sinter plant, which will be commissioned by 2017. The modern facility will be at the maximum possible distance from the residential districts of Yenakiieve. It will be equipped with a unique Meros gas purification system, which can purifying exhaust gases and dust by 80-99%.
After studying a similar gas purification system at a sinter plant in Austria, Metinvest decided to increase investments into the construction of the Yenakiieve facility by USD 110 million.
Metinvest signed a contract for engineering works for the new sinter plant with Siemens VAI (Austria) in June 2013. Viktor Yanukovich, the president of Ukraine, and Rinat Akhmetov, the president of SCM (major shareholder of Metinvest), attended the signing ceremony. The contract was signed by Igor Syry, Metinvest CEO, and Christoph Aichinger, Siemens VAI vice president.
"It is worth noting what investors like SCM and Metinvest are doing now and how they realize social and environmental responsibility,” said Oleg Proskuryakov, minister of ecology and natural resources. “We attended the opening ceremony of the new gas cleaning system at sinter machine #1 at Zaporizhstal and the presentation of a new project at Yenakiieve Steel with the president of Ukraine. If all business takes on the same social and environmental responsibility, environmental problems will be solved not only at the enterprises, but also in cities and regions where large enterprises are located."
Green Mind is a business forum focused on the integration of environmental considerations into a practical production environment to support the sustainable development of enterprises in various industries. The three-day forum hosted over 100 experts from Ukraine, Russia, Europe, and the US, in addition to international intergovernmental and financial organizations.
The event was organized by the Ukrainian NGOs Living Planet and Clean Wave and supported by the Ministry of Ecology and Natural Resources of Ukraine.
- For editors:
Yenakiieve Steel is one of the world’s leaders in square billet production. It produces cast billet, rod, and various sections (beams, channels, angles, etc.).
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.