Zaporizhstal today operates at 40-50% of its capacity - CEO
Zaporizhzhya metallurgical plant "Zaporizhstal" of the Metinvest group of Rinat Akhmetov and Vadim Novinsky, after a partial resumption of production, is operating at 40-50% of its capacity, said the general director of the enterprise Alexander Mironenko.
According to him, because of the war, production at the plant had to be mothballed for 33 days, then restored again. There were also problems with logistics - the supply of raw materials and the shipment of finished products.
“We were forced to suspend production and were in a state of hot conservation for almost 33 days. After the front line was moved away from Zaporozhye, we had the opportunity to resume our production. First, a foundry-mechanical plant and a coke-chemical plant were launched. After that, production at Zaporizhstal was also resumed,” Mironenko said during a visit to the plant by Metinvest CEO Yuri Ryzhenkov.
Recall that Zaporizhstal launched a sinter plant first, and then inflated two blast furnaces. After that, a full cycle was launched - open-hearth and rolling shops of the plant.
“We have restored the production chain, now it is operating at 40-50% of its capacity,” Mironenko added.
Metinvest is a vertically integrated group of mining and metallurgical enterprises headquartered in The Hague (Netherlands). The holding's enterprises are located in Ukraine and European countries.
Zaporizhstal, one of the largest industrial enterprises in Ukraine, is in the process of integrating into the Metinvest group, the main shareholders of which are PJSC System Capital Management Rinat Akhmetov (71.24%) and the Smart- holding” Vadim Novinsky (23.76%).