Metinvest Allocated UAH 200 mln to Enhance Yenakiieve Steel Equipment
OREANDA-NEWS. July 4, 2011. Within the framework of the programme aimed at production facilities continuous improvement, reconstruction and upgrading, Metinvest is carrying out a set of capital repair works of steelmaking and power units at Yenakiieve Steel (included in Metinvest Group). This is the most large-scale repair campaign since the maintenance block-type system was introduced at the enterprise four years ago. Project investments will amount to approx. UAH 200M. The main focus of such repair activities is to enhance equipment environmental safety, cost-effectiveness and functional reliability.
The most large-scale repair period was commenced in the beginning of July. The repair works scope covers all production subdivisions of the enterprise and comprises 29 main steelmaking units and power objects. One of the major tasks of these maintenance activities is to enhance environmental safety and functional reliability of the process equipment. Complete accomplishment of the repair works is scheduled on November current year.
Owing to quality preliminary preparation of the repair activities and operation stimulation of the units not involved in the repair process, considerable production drop is not expected. The enterprise intends to meet contractual obligations in due time and in full.
"Specific feature of the capital repair works set in 2011 is the environmental focus. – noted Alexandr Podkorytov, Yenakiieve Steel General Director. - 70% of repair works is carried out within the framework of the Works’ Ecological Programme on emissions reduction. We are expecting to get good result already this year".
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