OREANDA-NEWS. On July 29, 2008 Limited Liability Company Inkor & Co Research and Production Association joined Coal and Coke Division of the Metinvest Group. After the transaction was closed Metinvest concentrated over 90% of votes in the highest management body of Inkor & Co, reported the press-centre of SCM.

Concentration was in full compliance with applicable laws and approved by the Antimonopoly Committee of Ukraine.

Integration of Inkor & Co into the Metinvest Group was realized within the framework of the vertical integration strategy of the Group targeting deeper processing of raw materials for coke and chemical production facilities and production of competitive high value-added products.

Key supplier of raw materials for coke and chemical facilities of Inkor & Co (in particular, naphthalene and phenol fractions) is Avdeyevka Coke and Chemical Plant operating under umbrella of the Metinvest Group.