Mining and metals
Yuriy Ryzhenkov, Chief Executive Officer, Metinvest Holding
"Despite an unfavourable environment and military conflict in eastern Ukraine, Metinvest has remained committed to its principles. Maintaining our businesses, we provide jobs, continue social programmes and help employees and civilians restore cities and towns. The company also keeps on modernising its production. We believe that hostilities in Donbass will end sooner or later and we'll return to our normal peaceful and calm life. Thriving cities, businesses operating at full rate and stable operations — this is the only future we see for our company. Metinvest is committed to achieving our goal at any cost — building Ukraine's most innovative, highly efficient and environmentally friendly production."
Metinvest is an international vertically integrated mining and metals company. The Group Metinvest is managed by METINVEST HOLDING established by SCM in 2006.
The favourable location of Metinvest businesses ensures competitive advantages: proximity to raw materials deposits, low cost of resources and convenience to reach the target markets.
Vertical integration allows Metinvest to manage the whole production chain starting from raw materials extraction to the retail sale of rolled products. This ensures effective decision-making that can benefit the whole Group rather than just its individual companies.
Metinvest has own sales and service infrastructure with a global sales network supplying products to over 100 countries.
Strategic goals of the Metinvest Group:
- building a world-class mining and metals business;
- taking the lead in Europe and the globe;
- maximizing value of SCM's mining and metals business.
To achieve these goals, Metinvest invests in development of existing companies, realizes operational efficiency programmes and continues to follow its vertical integration strategy.
In the first half of 2017, the Group's revenue was US $ 3.9 billion, and EBITDA margin was 21%.Last updated: 15.12.2017