Photo: Gottstat.com
For 2018 PJSC “ArcelorMittal Kryvyi Rih” has received from sales of products net income in the amount of $2.5 billion dollars (68 billion), net profit totaled $0.35 billion (of 9.51 billion). This is evidenced by the key financial indicators for the past year.
According to the company, the amount of investment that includes capital and operating expenses last year amounted to $443 million, or 12 billion UAH.
Among the major investments of PJSC “ArcelorMittal Krivoy Rog” it is possible to allocate the following projects:
- the construction of two new machines continuous casting, with a cost of $144 million and a new set of coke oven batteries №№ 5, 6 ($160 million);
- reconstruction of the sintering plant No. 2 ($150 million) and the Converter shop with the construction of new gas cleaning ($100 million);
- modernization of the light section mill 250-4 ($55 million);
- as well as the construction of the pelletizing plant (more than $300 million).
The company also invests in the purchase of large mining machinery and engineering vehicles, capital and current repairs of equipment, and also finances activities to reduce the impact on the environment.
By results of work for the previous year, the management of “ArcelorMittal Kryviy Rih” and its subsidiaries pay their employees a 13th salary in March 2019 for this purpose has been allocated 300 million UAH.
In addition, the company is traditionally from may 1 salary increases. This year growth will average 15%, for certain categories of workers — 20%.
In 2019 “ArcelorMittal Kryvyi Rih” will continue to invest in upgrading the production facilities of the enterprise. Capital and operating costs for this year are planned for a total of $450 million or more than 13 billion UAH.
The total investment in production development for the period from 2018 in 2022 is set at $1.8 billion.
We will remind, in October 2017, the Board of Directors of the European Bank for reconstruction and development approved the organization of a syndicated credit needs “ArcelorMittal Kryvyi Rih” in the amount of 350 million euros.