Ukrainian assets generate most of Metinvest's profits - CEO
Metinvest's enterprises located in Ukraine generate most of the group's financial results, said the company's CEO Yuriy Ryzhenkov in an interview on the occasion of the 500 days of a full-scale war with the Russian Federation to Corporate Communications Director Oleg Davydenko.
“Now Metinvest’s metallurgical plants are loaded by 60-70%, and GOK (mining and processing plants) - by 35-40%. Even under today's conditions, we are generating positive cash flow, so we can work with our creditors, investors, and even make certain local investments in our enterprises,” Ryzhenkov said.
According to him, heavy industry in Ukraine is still cannot operate at full capacity due to logistical restrictions - lack of access to sea transfers and low capacity of the railway on the western border.
At the same time, according to the head of Metinvest, foreign enterprises of the company operating in Italy , Bulgaria, Great Britain and the USA are loaded at 100% capacity.
Recall that Yuriy Ryzhenkov said earlier that Metinvest is ready to support developers who decide to build landmark steel projects in Ukraine.