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April 25, 2015 12:46 AM ET

Metals and Mining

Company Overview of Metinvest Holding, LLC

Company Overview

Metinvest Holding, LLC, through its subsidiaries, operates an integrated mining and steel company. The company produces iron ore raw materials; coke and coal products; and semi-finished and finished steel products, including slabs, billets, rolled products and pipes, carbon steel plates, hot-rolled coils, shapes and bars, rails, grinding balls, rails fasteners, large diameter pipes, and other value-added products. It also offers cargo transportation services that range from railway carriage to port operations; and customs clearance, cargo expediting, freight quantity control, laboratory tests, chartering of seaborne vessels, and ship's agency services. In addition, the company provides flux ...

117, Postysheva str

Donetsk,  83001


Founded in 2006


380 62 388 1616


380 62 388 1600

Key Executives for Metinvest Holding, LLC

Chief Executive Officer
Age: 38
Chief Financial Officer
Chief Strategy Officer
Chief Legal Officer
Director of Human Resources
Age: 43
Compensation as of Fiscal Year 2014.

Metinvest Holding, LLC Key Developments

Metinvest Holding, LLC to Report Fiscal Year 2014 Results on Apr 08, 2015

Metinvest Holding, LLC announced that they will report fiscal year 2014 results on Apr 08, 2015

Metinvest Establishes New Maintenance Company for its Metallurgical Assets; Announces Transfer of Employees from Ilyich Iron & Steel Works of Mariupol's Maintenance Shops to Promservice

Metinvest Group created Metinvest-PromService, LLC based on the maintenance departments of Ilyich Iron & Steel Works of Mariupol, Azovstal, and Yenakiieve Steel. The maintenance departments will be restructured into a single management structure without changing headcount. Work places, salary levels and social benefits will not be affected. PromService will specialize in the maintenance and repair of equipment at Metinvest's metallurgical assets. As a result, the work planning and management system and the quality of repairs will improve, and the use of maintenance personnel will become more efficient. The merger of different previously standalone subdivisions into one unit will minimize the expenses associated with the manufacturing process. The specialized unit will allow the company to mostly avoid having to use contractors to do major overhauls and long routine maintenance on metallurgical division facilities. The company plans to invest USD 2.5 million to develop and enhance PromService's core facilities. The company announced that transfer of employees from Ilyich Iron & Steel Works of Mariupol's maintenance shops to PromService will commence in June 2015. Maintenance employees from Azovstal will move to the newly created company in October 2015 and from Yenakiieve Steel in January 2016. All employees will keep their jobs. The restructuring will not affect the headcount and the location of servicing and repairs will not be changed. If they wish, employees can be retrained and work at other subdivisions of PromService.

Metinvest Establishes Representative Sales Office in Spain

Metinvest Group has established Metinvest Iberica S.L, a representative sales office in Spain. This office will be focused on strengthening cooperation with the customers of Metinvest's steel products in Spain and Portugal and providing quick and efficient service to them.

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