Business news from Ukraine


25 March , 2022  

Metinvest Mining and Metallurgical Group, owned by businessman Rinat Akhmetov, transferred $500,000 to a targeted charity fund for the purchase of protective ammunition and first-aid kits for the Territorial Defense Forces of Zapoprizhia.

“By uniting for the sake of defending the independence of Ukraine and Ukrainians, we are bringing victory closer. The army and the Territorial Defense Forces protect the civilian population, and we are trying to protect and support them in the struggle for state sovereignty, our freedom and independence,” head of the Metinvest Humanitarian Mission Coordination Center in Zaporizhia, director general of Zaporizhstal, Oleksandr Myronenko, who is quoted by the press service of the steel plant, said.

At the same time, it is noted that the Vadym Novynsky Foundation also transferred $500,000 in support of Zaporizhia Territorial Defense Forces.

The total contributions transferred to Zaporizhia Trust Charitable Fund will be used to purchase bulletproof vests, bulletproof helmets and NATO-standard first-aid kits for the defenders.

According to a press release, Metinvest Group has been supporting the Armed Forces of Ukraine and the Territorial Defense Forces in the cities where the company operates since the first days of the war. Since the beginning of hostilities, more than 35,000 anti-tank hedgehogs, as well as spiked chains against wheeled vehicles and anti-landing hedgehogs, have been made from Metinvest steel. With the support of the company, the construction of the city’s fortifications continues. Metinvest enterprises provide heavy special equipment and vehicles for the needs of defenders, as well as fuel, batteries and walkie-talkies.

Metinvest is a vertically integrated group of mining and metallurgical enterprises. Its enterprises are located in Ukraine – in Donetsk, Luhansk, Zaporizhia and Dnipropetrovsk regions, in European countries. In particular, in Bulgaria there is a Promet Steel plant with a capacity of 500,000 tonnes of rolled metal per year, in Italy – Metinvest Trametal and Ferriera Valsider with a total capacity of 1.2 million tonnes per year. In the UK, the company owns the Spartan UK plant, which can produce 200,000 tonnes of rolled steel per year.

The main shareholders of Metinvest are the SCM group (71.25%) of Rinat Akhmetov and Smart Holding (23.75%) of Vadym Novynsky, who jointly manage the company.