Business news from Ukraine

“Corum DrMZ” starts manufacturing 200-ton lifting machine for Metinvest

11 April , 2024  

“Corum Druzhkovka Machine-Building Plant (Corum DrMZ), part of the Corum Group (DTEK Energy), has started manufacturing a 200-ton hoist for Metinvest Mining and Metallurgical Group, the plant reported on Facebook.

“Metinvest’s miners have already started preparing a solid and stable foundation on the air supply shaft No. 3 to install the machine,” the statement said.

Installation of the equipment is scheduled for the fourth quarter of 2024.

The plant also reports that in March it produced 34 units of equipment and more than 111 thousand components and spare parts, including trolleys, anchors, fire pipes and high-pressure hoses, under the conditions of relocation. Also, 35 sections of powered roof supports were repaired.

Corum Group is a leading manufacturer of mining equipment in Ukraine and is part of DTEK Energy, the operating company responsible for coal mining and coal-fired power generation within Rinat Akhmetov’s DTEK holding.

“Corum DrMZ, relocated to Dnipro in 2022, earned almost UAH 500 million in net profit last year, compared to a loss of UAH 452.8 million a year earlier, while net income increased 2.7 times to UAH 1 billion 530 million.

“Metinvest comprises mining and metallurgical enterprises located in Ukraine, Europe and the United States. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.

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