Zaporizhstal (Ukrainian: Запорізький металургійний комбінат «Запоріжсталь») is Ukraine's fourth-largest steel maker with an annual capacity of 4.5 million tonnes of steel, 3.3 million tonnes of pig iron, and 4.1 million 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 Zaporizhzhia, 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 1933.
The 1958 post stamp "Pioneers of the Soviet Industry"
After the collapse of the USSR and the independence of Ukraine, the mill fell into the hands of the Ukrainian government. When privatization began in the mid-1990s, Vasily Khmelnytsky, an ambitious politician-turned-businessman, was named manager of the state's stake in the plant, and subsequently engineered the insider sale of many shares of the plant to his own investment company.[2]
The Ukrainian government began offering shares in Zaporizhstal in cash auctions in 1999. By 2001, Vasyl Khmelnytsky and a consortium led by the Midland Group controlled 93% of the mill.[2] According to court documents, the Midland Group sold its 50% stake in 2009 to then-independent investment bank Troika Dialog following a bidding war that included other Zaporizhstal shareholders.[3] However, The Wall Street Journal reports that the mill was sold in an offshore transaction that included five separate companies and was financed by Russian state-owned Vnesheconombank.[4][5] It's unclear how this reporting relates to the UK court record of the sale to Troika.
A Ukrainian holding company, Metinvest, eventually became full owners of the mill in 2013.[6]
Production
In 2003, the company produced 4,355 ths.[clarification needed] tonnes of raw steel (market share of 12%) and 3,625 ths. tonnes of finished steel products (11% share). Exports, delivered to 59 countries, accounted for 70% of Zaporizhstal's 2003 sales, with China, Middle Eastern states and the CIS among the main destinations. In 2015, the company has made 3.81 million tonnes of cast iron, 3.98 million tonnes of steel, 3.35 million tonnes of rolled steel.
Zaporizhstal is considered[by whom?] to be one of the largest polluting companies in Ukraine.
^"Ownership structure of PJSC "ZAPORIZHSTAL"". opendatabot.ua (in Ukrainian). Retrieved 2023-03-15.
^ abBrown, Heidi; Vardi, Nathan (28 Mar 2005). . Forbes. New York, NY. Archived from the original on March 13, 2005. Retrieved 27 July 2017.
^Luxe Holding Ltd v Midland Resources Holding Ltd, HC10C01784 (Royal Courts of Justice 23 July 2010).
^Barry, Rob; Stewart, Christopher; Forrest, Brett (17 May 2017). "Russian State-Run Bank Financed Deal Involving Trump Hotel Partner". The Wall Street Journal. Retrieved 27 July 2017.
^Protess, Ben; Kramer, Andrew E.; McIntire, Mike (5 June 2017). "Bank at Center of U.S. Inquiry Projects Russian 'Soft Power'". The New York Times. p. A1. Retrieved 5 June 2017.
^Interfax-Ukraine (29 May 2013). "Metinvest buys Zaporizhstal for $750 million". Kyiv Post. Kyiv, Ukraine. Retrieved 27 July 2017.
^"Сменился гендиректор "Запорожстали", новым руководителем назначен Мироненко вместо Шурмы". Интерфакс-Украина (in Russian). 2019-11-25. Retrieved 2019-11-27.
External links
Official website
June 10, 2023
zaporizhstal, ukrainian, Запорізький, металургійний, комбінат, Запоріжсталь, ukraine, fourth, largest, steel, maker, with, annual, capacity, million, tonnes, steel, million, tonnes, iron, million, finished, steel, products, ranks, 54th, world, company, ukraine. Zaporizhstal Ukrainian Zaporizkij metalurgijnij kombinat Zaporizhstal is Ukraine s fourth largest steel maker with an annual capacity of 4 5 million tonnes of steel 3 3 million tonnes of pig iron and 4 1 million 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 Zaporizhzhia 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 1933 ZaporizhstalThe company s headquarters in ZaporizhzhiaTypePJSCISINUA4000071435 IndustryFerrous metallurgyFounded1933HeadquartersZaporizhzhia UkraineKey peopleOleksandr Myronenko CEO 1 ProductsCast iron steel cold rolled sheetsNumber of employees14 387 2014 ParentMetinvestWebsitewww zaporizhstal com Contents 1 Ownership 2 Production 3 Directors 4 Awards 5 See also 6 References 7 External linksOwnership Edit The 1958 post stamp Pioneers of the Soviet Industry After the collapse of the USSR and the independence of Ukraine the mill fell into the hands of the Ukrainian government When privatization began in the mid 1990s Vasily Khmelnytsky an ambitious politician turned businessman was named manager of the state s stake in the plant and subsequently engineered the insider sale of many shares of the plant to his own investment company 2 The Ukrainian government began offering shares in Zaporizhstal in cash auctions in 1999 By 2001 Vasyl Khmelnytsky and a consortium led by the Midland Group controlled 93 of the mill 2 According to court documents the Midland Group sold its 50 stake in 2009 to then independent investment bank Troika Dialog following a bidding war that included other Zaporizhstal shareholders 3 However The Wall Street Journal reports that the mill was sold in an offshore transaction that included five separate companies and was financed by Russian state owned Vnesheconombank 4 5 It s unclear how this reporting relates to the UK court record of the sale to Troika A Ukrainian holding company Metinvest eventually became full owners of the mill in 2013 6 Production EditIn 2003 the company produced 4 355 ths clarification needed tonnes of raw steel market share of 12 and 3 625 ths tonnes of finished steel products 11 share Exports delivered to 59 countries accounted for 70 of Zaporizhstal s 2003 sales with China Middle Eastern states and the CIS among the main destinations In 2015 the company has made 3 81 million tonnes of cast iron 3 98 million tonnes of steel 3 35 million tonnes of rolled steel Zaporizhstal is considered by whom to be one of the largest polluting companies in Ukraine Directors Edit1934 1937 Isak Rohachevskyi 1937 1948 Anatoliy Kuzmin 1948 1956 Anastas Boborykin 1956 1982 Lev Yupko 1982 1986 Oleksandr Herasymenko 1986 2012 Vitaliy Satskyi 2012 2019 Rostyslav Shurma from 2019 Oleksandr Myronenko 7 Awards EditOrder of Lenin Order of the October RevolutionSee also EditZaporizhzhia Foundry and Mechanical PlantReferences Edit Ownership structure of PJSC ZAPORIZHSTAL opendatabot ua in Ukrainian Retrieved 2023 03 15 a b Brown Heidi Vardi Nathan 28 Mar 2005 Man of Steel Forbes New York NY Archived from the original on March 13 2005 Retrieved 27 July 2017 Luxe Holding Ltd v Midland Resources Holding Ltd HC10C01784 Royal Courts of Justice 23 July 2010 Barry Rob Stewart Christopher Forrest Brett 17 May 2017 Russian State Run Bank Financed Deal Involving Trump Hotel Partner The Wall Street Journal Retrieved 27 July 2017 Protess Ben Kramer Andrew E McIntire Mike 5 June 2017 Bank at Center of U S Inquiry Projects Russian Soft Power The New York Times p A1 Retrieved 5 June 2017 Interfax Ukraine 29 May 2013 Metinvest buys Zaporizhstal for 750 million Kyiv Post Kyiv Ukraine Retrieved 27 July 2017 Smenilsya gendirektor Zaporozhstali novym rukovoditelem naznachen Mironenko vmesto Shurmy Interfaks Ukraina in Russian 2019 11 25 Retrieved 2019 11 27 External links EditOfficial website Retrieved from https en wikipedia org w index php title Zaporizhstal amp oldid 1144677718, wikipedia, wiki, book, books, library,
