ArcelorMittal Kryvyi Rih Upholds Eco Focus Amidst Turmoil
By Strategic Research Institute on May 24, 2023 01:36 pm
In the face of an ongoing war in Ukraine, ArcelorMittal Kryvyi Rih remains steadfast in its commitment to environmentally friendly green metallurgy, according to the company's General Director, Mauro Longobardo.
Despite the challenges posed by the wartime situation, ArcelorMittal Kryvyi Rih 's dedication to transitioning towards green metallurgy remains unwavering. Longobardo emphasized this point during a recent conference organized by Vox Ukraine and the National Endowment for Democracy. He highlighted that despite operating at only 20% of production capacity last year, the company retained its entire team in preparation for a swift resumption of production to support Ukraine's post-war recovery.
AMKR has announced plans to invest $130 million this year in modernization efforts, focusing on implementing the latest production technologies. Notably, the construction of a pelletizing plant, which was halted due to the war, will receive special attention.
In 2022, AMKR utilized only 20-25% of its production capacity, but now aims to reach 50% capacity utilization. To support its operations, the steel plant received financial assistance of over $600 million from the ArcelorMittal Group.