PrJSC Zaporizhkoks, one of the largest Ukrainian producers of coke and chemical products, part of Metinvest Group, invested UAH 348.6 million to modernize the enterprise in 2019.
According to a company press release on Friday, April 17, the plant received cost advantages of UAH 35 million from the introduction of energy efficiency measures.
At the same time, a new line for granulation of electrode pitch was put into operation in 2019, which allowed increasing the output of high-margin products.
“The company successfully implements energy efficiency projects. The project for the exchange of secondary gases between enterprises has brought about UAH 1.4 billion of cost advantages over the past three years. Zaporizhkoks partially switched to the supply of compressed air from Zaporizhstal in November 2019. Due to this, the enterprise will additionally save about UAH 3.1 million per year,” the enterprise said in a press release.
Due to the renewal of production facilities, the enterprise produced 888,900 tonnes of coke in 2019, which is 5% higher than the business plan. Under current production conditions, the annual program for the overhaul of coke oven batteries No. 2 and No. 5-6 was implemented with an investment amount of UAH 130 million.
Over the year, the plant was replenished with new technological equipment – a quencher for coke oven battery No. 2 and a door extracting machine for coke oven battery No. 5-6. The company’s investments in updating the plant amounted to more than UAH 70 million.
Investments in labor protection projects amounted to UAH 5.9 million, which was a record amount. Moreover, UAH 13.7 million was allocated to the development of the social sphere, employee salaries for the year were increased by 38.4%. The level of taxes and fees to budgets of all levels amounted to UAH 367.4 million.
Zaporizhkoks produces about 10% of coke produced in Ukraine, owns a full technological cycle of processing coke chemical products. In addition, it produces coke oven gas and pitch coke.
Metinvest is a vertically integrated group of mining companies. Its main shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), jointly managing the company.
Metinvest Holding LLC is the managing company of Metinvest Group.
ENTERPRISE, INVEST, ZAPORIZHKOKS
