Zaporizhstal Iron and Steel Works allocated UAH 938 million to maintain its production facilities in 2024, and plans to increase investments to UAH 1.1 billion in 2025.
According to the company, in 2024, Zaporizhstal carried out major overhauls of its main production units in accordance with its investment program, and implemented investment projects in occupational safety, information technology, and social sphere with a total investment of UAH 938 million.
The key equipment upgrade projects implemented in 2024 include the repair of blast furnaces No. 2, 3 and 4 with a total investment of over UAH 230 million. Similar investments were made to carry out a set of overhauls of the main rolling units.
The plant also overhauled the equipment of two sintering machines, including the revision of environmental protection equipment. In addition, a number of investment projects have been implemented to digitize production processes and upgrade the IT infrastructure. Every year, the company invests in improving working conditions for its employees: two sanitary facilities have been overhauled and two new modular sanitary facilities have been installed.
According to Taras Shevchenko, acting general director of the plant, the main focus of the capital investment program is to maintain efficient and trouble-free operation of production equipment and its treatment facilities.
“A functioning enterprise provides employment, exports and foreign currency earnings, revenues to the state budget, support for the region of operation, etc. Despite the challenging economic situation, Zaporizhstal has been gradually increasing its capital investments in production during the war: in 2022, investments amounted to UAH 500 million, in 2023 – UAH 750 million, in 2024 – UAH 938 million. The capital investment budget for 2025 is planned at UAH 1.1 billion, and we are already implementing the first projects of the planned ones,” the top manager stated.
In particular, in 2025, the plant will overhaul BF No. 3, two sintering machines, BTS-1680 and Slabbing-1150 mills, heating wells, BTA-4 line, modernize rolling production, as well as upgrade the amenities of the steelmaking shop, water supply shop, and implement a number of other projects.
“Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are in great demand among consumers both in the domestic market and in many countries around the world.
“Zaporizhstal is in the process of being integrated into Metinvest Group, whose main shareholders are System Capital Management PrJSC (71.24%) and Smart Holding Group (23.76%).
Metinvest Holding LLC is the management company of Metinvest Group.
