Ukrainian steel maker Metinvest Group intends to invest over USD 1.2 billion in the modernization of its enterprises in 2022. During 2022, the Group will continue the environmental modernization of its facilities. A key project is the reconstruction of the dedusting systems in Azovstal’s basic oxygen furnace shop. The new dedusting systems are due to be commissioned in phases during the period 2022-23. It is expected to be the largest environmental project in the Group's history, with investments exceeding USD 180 million. In addition, this year the Group plans to complete the reconstruction of the gas-cleaning units of the casthouses and the stockhouses of blast furnace No.4 and the construction of the air separation unit at Ilyich Steel. The Group is also replacing the gas cleaning units of the Lurgi-552A pelletizing machine at Northern GOK. Metinvest Group shareholder Mr Rinat Akhmetov said “We have the same, a strong, peaceful and successful Mariupol, and a strong, peaceful, united and independent Ukraine. We love Mariupol. We love Ukraine. We believe in Mariupol. We believe in Ukraine. Together we will achieve great success. We keep building, we keep investing. Metinvest Group will invest more than USD 1 billion this year. And a new university will be built in Mariupol.” In 2021, Metinvest completed several major investment projects, including the commissioning of cyclic-flow technology complexes at Northern and Ingulets GOKs. Also last year, the Group launched a major project to build a new cold-rolled, galvanised and colour-coated coil production facility at Illich Steel. Total investments in the project will exceed USD 1 billion. The project will make it possible to replace over a million tonnes of imports with high-quality domestic products. Another major environmental project in 2021 was the reconstruction, including new construction work, of the gas-cleaning units of the casthouses and the stockhouses of blast furnace No. 5 at Ilyich Steel. In Mariupol, construction began of Ukraine's first private state-of-the-art technical university Metinvest Polytechnic in 2021. The new institution, the construction and launch of which will require an investment of over EUR 30 million, will incorporate technologies from the world's leading manufacturers. Metinvest Polytechnic will set a new standard for quality education in the country and will be free of charge for Ukrainian citizens. During its 16-year history, Metinvest Group has invested over USD 11 billion in production modernisation. Among the largest investment projects implemented over this period are the construction of continuous caster No.4, the reconstruction of gas-cleaning units at the sinter plant and hot strip mill 1700 at Ilyich Steel Works and the modernisation of the concentration plant at Central GOK, which has launched the production of iron ore concentrate and pellets for direct reduction of iron
Ukrainian steel maker Metinvest Group intends to invest over USD 1.2 billion in the modernization of its enterprises in 2022. During 2022, the Group will continue the environmental modernization of its facilities. A key project is the reconstruction of the dedusting systems in Azovstal’s basic oxygen furnace shop. The new dedusting systems are due to be commissioned in phases during the period 2022-23. It is expected to be the largest environmental project in the Group's history, with investments exceeding USD 180 million. In addition, this year the Group plans to complete the reconstruction of the gas-cleaning units of the casthouses and the stockhouses of blast furnace No.4 and the construction of the air separation unit at Ilyich Steel. The Group is also replacing the gas cleaning units of the Lurgi-552A pelletizing machine at Northern GOK. Metinvest Group shareholder Mr Rinat Akhmetov said “We have the same, a strong, peaceful and successful Mariupol, and a strong, peaceful, united and independent Ukraine. We love Mariupol. We love Ukraine. We believe in Mariupol. We believe in Ukraine. Together we will achieve great success. We keep building, we keep investing. Metinvest Group will invest more than USD 1 billion this year. And a new university will be built in Mariupol.” In 2021, Metinvest completed several major investment projects, including the commissioning of cyclic-flow technology complexes at Northern and Ingulets GOKs. Also last year, the Group launched a major project to build a new cold-rolled, galvanised and colour-coated coil production facility at Illich Steel. Total investments in the project will exceed USD 1 billion. The project will make it possible to replace over a million tonnes of imports with high-quality domestic products. Another major environmental project in 2021 was the reconstruction, including new construction work, of the gas-cleaning units of the casthouses and the stockhouses of blast furnace No. 5 at Ilyich Steel. In Mariupol, construction began of Ukraine's first private state-of-the-art technical university Metinvest Polytechnic in 2021. The new institution, the construction and launch of which will require an investment of over EUR 30 million, will incorporate technologies from the world's leading manufacturers. Metinvest Polytechnic will set a new standard for quality education in the country and will be free of charge for Ukrainian citizens. During its 16-year history, Metinvest Group has invested over USD 11 billion in production modernisation. Among the largest investment projects implemented over this period are the construction of continuous caster No.4, the reconstruction of gas-cleaning units at the sinter plant and hot strip mill 1700 at Ilyich Steel Works and the modernisation of the concentration plant at Central GOK, which has launched the production of iron ore concentrate and pellets for direct reduction of iron
