Business news from Ukraine

“Metinvest” produces targets for military training

Metinvest Mining and Metallurgical Group has started manufacturing targets for military training at its Kryvyi Rih plants as part of Rinat Akhmetov’s Steel Front military initiative.

According to the company’s press release, Ukrainian defenders must maintain a high level of professional knowledge and skills to effectively fight the enemy at the front. In particular, in the use of small arms. To enable the military to systematically practice and improve their skills, Metinvest’s enterprises in Kryvyi Rih have started producing targets.

At the same time, Metinvest’s Kryvyi Rih facilities have manufactured and delivered approximately 30 target models at the request of the military. All of them have previously been successfully tested at training grounds.

The specialists have now mastered the production of three types of targets: Gong, Popper and Tree. They consist of sturdy frames on which the target is hung. Target equipment parts can be replaced as needed by installing new components on the frames.

As part of the Steel Front military initiative, Metinvest is implementing a number of initiatives aimed at improving the military training of the Ukrainian army. The company has become a partner in the construction of a mine action center in Chernihiv Oblast, which will provide training for more than 3,000 sappers. In addition, Metinvest is developing tactical medicine in Ukraine in cooperation with the PULSE charity foundation. Over UAH 13 million has been allocated to organize training for military personnel in the combat zone.

“Metinvest is a vertically integrated group of steel and mining companies. The Group’s enterprises are located mainly in Donetsk, Luhansk, Zaporizhzhya and Dnipropetrovsk regions. The main shareholders of the holding are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it. Metinvest Holding LLC is the management company of Metinvest Group.