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Metinvest, Air Liquide Sign Long-Term Contract
06/22/2011 - Metinvest has signed a new long-term contract with Air Liquide for the supply of oxygen, nitrogen and argon for the company’s Yenakiievo I&SW facility in the Donetsk Region.
Metinvest has signed a new long-term contract with Air Liquide for the supply of oxygen, nitrogen and argon for the company’s Yenakiievo I&SW facility in the Donetsk Region.
Air Liquide will design, build and manage the unit, which will have a design capacity for 1700 tonnes of oxygen, nitrogen and argon per day. Air Liquide will also supply liquid gases to other industries in Ukraine.
“This project is one of the important steps in the implementation of the strategic development of Metinvest,” said Igor Syry, CEO of Metinvest. “In selecting Air Liquide as our partner, the world leader in the industrial gas market, we will benefit from their state-of-the-art technologies and operational standards in environmental and safety performance.
“Metinvest will provide all the necessary assistance to help our partner grow and establish a sustainable business here in Ukraine,” added Syry. “It is my belief that the success of this project will serve as a good example in the industrial development of Ukraine”.
“We are greatly honored that Metinvest has chosen Air Liquide as its long term partner for this first outsourcing of their industrial gases,” commented Guillaume Salzgeber, Vice President North and Central Europe and a member of the Air Liquide Executive Committee. “In addition to the investment of the new Air Separation Unit for Metinvest, Air Liquide plans to build up in Ukraine high level technical and operating expertise to support its long term development in this important market for industrial gases. This success in Ukraine illustrates our increasing development in this zone of Europe. Developing economies are one of the growth drivers of the Group”.
Air Liquide’s investment for construction of the air separation unit will comprise EUR100 million, and financing will be provided jointly with EBRD (European Bank for Reconstruction and Development). Commissioning is planned mid-2014.
Metinvest, an international vertically integrated mining and steel company, owns 24 assets in Ukraine, Europe and the United States. The company manages each link of the production chain, from iron ore, coal mining and coke production to semi-finished and finished steel production, including the manufacture of plate and coil, pipe rolling, shapes and bars and other value-added products.
Metinvest is the largest iron ore producer in Ukraine, and was the sixth-largest producer globally in 2009. Metinvest is ranked amongst the ten largest steel plate producers in the world, placed 28th largest steel producer in the world according to World Steel Association and the second largest producer of steel in Ukraine, having produced 24.0% of all steel manufactured in the country in 2009. In November 2010 Metinvest acquired Ilyich Steel, one of the largest steelmaking companies in Ukraine.
