Business news from Ukraine

Business news from Ukraine

“Zaporizhstal” has invested over UAH 1.2 bln in equipment maintenance during war

18 April , 2024  

Since the beginning of the full-scale invasion, Zaporizhstal Iron and Steel Works has invested more than UAH 1.2 billion to upgrade production equipment and treatment facilities at the complex.

According to the company, in 2023, the plant invested UAH 750 million in projects to maintain the stability and reliability of the company’s main technological facilities, which is half the amount of UAH 500 million invested in 2022.

At the same time, it is stated that the full-scale invasion had a negative impact on Zaporizhstal’s operations: the plant’s production figures for 2021 – 4.4 million tons of iron, 3.7 million tons of steel, and 3.2 million tons of rolled products – are comparable to the total production volumes for two years: 2022 and 2023, respectively.

“Despite the partial utilization of production capacities, blackouts and terror on the part of the aggressor country, we continue to implement the investment program to maintain equipment reliability, operate steadily and strengthen the national economy on the way to Victory,” said Roman Slobodianiuk, CEO of Zaporizhstal.

During the full-scale invasion, the program focused on maintaining and updating equipment to ensure its reliable operation in unforeseen conditions. Key equipment upgrade projects were implemented in the sintering and blast furnace division of the plant. In particular, the repair of sinter machines at the sinter plant, as well as technological maintenance and full support of gas cleaning systems by professional services to ensure that the design indicators for the purification of waste gases are achieved: from dust to 30 mg/cubic meter, and for sulfur dioxide – below 400 mg/cubic meter.

Blast Furnace No. 3 was overhauled in the blast furnace shop. The production life and design characteristics of the unit were restored, and the efficiency of production and environmental equipment was improved. Air heaters No. 9 and 12, which operate in conjunction with the plant’s blast furnaces, were overhauled.

Zaporizhstal specialists performed a comprehensive overhaul of the hot rolling shop equipment: in addition to rolling mills, the equipment of tick cranes and method furnaces was updated. The mechanical, power and electrical equipment of the main rolling mills at the production site was updated.

In addition, a number of projects have been implemented to ensure sustainable operation and increase the production life of power equipment and infrastructure facilities, improve the safety of the production process for personnel, digitalize, etc.

In 2024, Zaporizhstal plans to implement a capital investment program totaling about UAH 1 billion. The program is aimed at maintaining and modernizing equipment, implementing functional programs for occupational health and safety, information technology, and social sphere.

“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 integration into Metinvest Group, whose major shareholders are System Capital Management (71.24%) and Smart Holding Group (23.76%).

Metinvest Holding LLC is the management company of Metinvest Group.