Kamet-Steel, a subsidiary of Metinvest Group, has unveiled an ambitious investment program for 2025 with a total planned budget exceeding 2.5 billion hryvnias (approximately $59.8 million). This significant investment comes as the company continues its systematic work towards construction and reconstruction to improve production reliability and efficiency, despite the ongoing challenging wartime conditions.
Key highlights of the investment program include:
- Major overhaul of Blast Furnace No. 9, which will receive nearly one-third of the program’s budget.
- A pilot project to construct an alternative power station using solar panels, marking Metinvest’s first venture into this type of renewable energy project.
- Implementation of 114 investment projects of varying scales throughout the year.
- Capital repairs of key equipment in main production shops.
- Modernization of the energy infrastructure, with a focus on constructing new water pipelines.
- Initiation of the first launch complex for a large-scale project to build a new blast furnace gas collector.
- Modernisation of the drive control system for continuous casting machine No. 1.
Mikhail Koptev, Director of Capital Construction and Investments at Kamet-Steel, emphasized that this year’s investment budget is the largest in recent years. He stated that a significant portion of the funds will be directed towards supporting and upgrading core production equipment, which will serve as a springboard for further development and modernization of the enterprise.
The company expects that the restoration of production capabilities will allow Kametstal to renew its presence in existing markets and expand into new ones, thereby generating additional profit.
This investment program demonstrates Metinvest’s commitment to maintaining and improving its production facilities, even in the face of ongoing challenges. It also aligns with the company’s broader strategy of expanding its market presence and investing in green steel technology, as evidenced by its recent focus on North Africa and Turkey for future growth.
