Monday, May 31, 2010

Russia got control of Zaporizhstal metallurgical plant

Zaporizhstal, one of Ukraine’s largest metallurgical plants, has found itself under control of Russia. According to Ukrainska Pravda (Ukrainian Truth) newspaper, sale of Zaporizhstal is completed and was marked with a conflict between previous owners and Rinat Akhmetov.
Zaporizhstal, is Ukraine's fourth largest steel maker with an annual capacity of 4.5 mil. tonnes of steel, 3.3 mil. tones of pig iron, 4.1 mil. of finished steel products, and ranks 54th in the world. The company is Ukraine's only manufacturer of cold-rolled sheets, used in car manufacturing, as well as tinplates and polished stainless and alloyed steel. Zaporizhstal is located in the city of Zaporizhia in a region with the highest per capita electricity output in Ukraine, close to raw material suppliers and steel consumers (pipe and machine building companies). The company was founded in 1931. Zaporizhstal has been acknowledged as the most unfriendly Ukrainian enterprise to the environment. Its harmful substances exceed three times of admissible norms.