KYIV. July 6 (Interfax-Ukraine) – Austrian financial institutions will be able to assist in the further implementation of Zaporizhia-based Zaporizhstal metallurgical mill’s investment projects, in particular in the construction of a converter shop at the mill.
An Austrian delegation including Ambassador Extraordinary and Plenipotentiary of Austria to Ukraine Hermine Poppeller and Defense Attaché Colonel Erich Simbürger visited Zaporizhstal on July 3, 2015, the enterprise said in a press release.
The guests were informed about an environmental project, namely a hydrochloric acid etching line in cold rolling shop No. 1, which was implemented in partnership with Oesterreichische Kontrollbank AG. During the visit, Poppeller and Zaporizhstal’s management discussed promising areas of potential cooperation, which include the construction of a converter shop.
Poppeller said praised Zaporizhstal’s modernization program and spoke about the possible support of investment projects by Austrian financial institutions in the future.
“Ukraine can become competitive on the European market thanks to such enterprises as Zaporizhstal. Of course, we will help implement the following investment projects, but it depends on the situation in Ukraine and in Europe,” the ambassador said.
Zaporizhstal General Director Rostislav Shurma said in turn that the mill has already gained successful experience in large-scale joint investment projects with Austrian and other European partners and suppliers.
“To date, the implementation of new projects is constrained by the extremely difficult political and economic situation in the country,” the press release quoted him as saying.
Zaporizhstal is one of the largest industrial enterprises in Ukraine and its products are well known and in demand by consumers in the domestic market and in many countries around the world.
It produces high-quality hot-rolled steel coils, hot-rolled sheets, cold-rolled sheets, cold-rolled carbon and low-alloy steel coils, steel straps, roll-formed sections, and other products.
The plant’s principal clients are producers of welded pipes, automobiles, other transport vehicles, agricultural machinery, and household appliances.
