13 March 2014
Metinvest Group's Avdiivka Coke Plant paid UAH 49.0 million in income and environmental taxes, land fees and other payments to Avdiivka in 2013, which amounted to 63.1% of income into Avdiivka's budget.
The plant was again the largest taxpayer in Avdiivka. Avdiivka Coke paid UAH 49.8 million to Avdiivka in 2012.
"Today the steelmaking industry throughout the world is stagnating,” said Musa Magomedov, Avdiivka Coke’s general director. “Avdiivka Coke workers continue to work diligently and hard since they understand their responsibility to the town. The plant's daily output is now up to 10,000 tons of bulk coke. This has enabled the repair of hospitals, schools and kindergartens; renewal of infrastructure in the town; and payment of salaries to state employees, pensions and other social payments."
Yuriy Cherkasov, Avdiivka's mayor, agreed, "Avdiivka's budget is small. Thus, the contribution of Avdiivka Coke cannot be overestimated. Budgetary expenditures amounted to UAH 121.1 million in 2013 and priority was given to financing social projects. UAH 56.7 million was paid in salaries to state employees.
The plant is the largest employer in Avdiivka. Its contributions covered 63% of salary payments to municipal employees last year.
- For editors:
Avdiivka Coke Plant is Europe’s largest high-tech coking plant. The plant makes 31 types of products. It has customers in Ukraine, Russia, Poland, Georgia, Belgium, Tajikistan, Turkey, and Egypt. Its key products are blast furnace coke, electrode pitch coke, and crude benzene. Avdiivka Coke makes 23% of Ukraine’s bulk coke. The plant produced 3.7 million tons of bulk coke (6% moisture content) in 2012. The plant runs eight coke oven batteries, with a designed capacity of 6.87 million tons of bulk coke per year. The enterprise is self-sufficient in terms of energy resources, including process steam, heating and electricity. Avdiivka Coke produces more than 50% of blast furnace coke with an advanced and environmentally friendly dry quenching process. Avdiivka Coke received a certificate for actively participating in the implementation of environmental policy at the regional level at the “Ecology in an Industrial Region” second international environmental forum by the National Environmental Protection Administration in Donetsk Oblast in 2012. Avdiivka Coke, together with the Shakhtar Football Club opened a football school for children in Avdiivka; the school currently has 60 students.
Metinvest Group is a vertically integrated group of steel and mining companies that manages every link of the value chain, from mining and processing iron ore and coal to making and selling semi-finished and finished steel products. It has steel and mining production facilities in Ukraine, Europe and the US, as well as a sales network covering all key global markets. Its strategic vision to become the leading vertically integrated steel producer in Europe, delivering sustainable growth and profitability resilient to business cycles and providing investors with returns above industry benchmarks.
The Group reported revenue of USD 3.1 billion and an EBITDA margin of 15% in the first quarter of 2013.
The major shareholders of Metinvest B.V. (the holding company for Metinvest Group) are SCM Group (71.25%) and Smart-Holding (23.75%), which partner in the Group’s management.
Metinvest Holding, LLC is the management company of Metinvest Group.