KYIV. July 26 (Interfax-Ukraine) – PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) will invest $267 million in modernization of production in 2017, company CEO Paramjit Kahlon has told journalists.
According to him, the company works well in Ukraine.
“Over the past year ArcelorMittal Kryvyi Rih has produced 7.5 million tonnes of steel. I can say this company is the most stable for the last 4-5 years. The proximity to the Black Sea makes it unique in terms of a good geographical location. We have large investment plans in Ukraine as for modernization, because this enterprise has not received investments for many years,” he said.
At the same time, among the largest projects the top manager called the construction of a ladle furnace, a coke oven battery, and modernization of production.
“We plan to invest more than $1 billion in modernization in 2017-2020, this year the plan is $267 million,” Kahlon stated.
Concerning the sphere of responsibility in the group, the expert said he is responsible for enterprises in Ukraine and Kazakhstan, sales of products in Africa, sales in the countries of the Persian Gulf, India, Lebanon, Jordan, Israel, Syria, Turkey, for the functioning of the office in Dubai.
