Kametstal continues to improve production processes with increased efficiency

KYIV. Sept 9 (Interfax-Ukraine) – Kametstal plant of Metinvest mining and metallurgical group, created at the facilities of Dniprovsky Metallurgical Plant (Kamianske, Dnipropetrovsk region), continues to improve production processes and increase their efficiency.

According to the company’s information on the Metinvest Media website, in the context of martial law in the country, in order to reduce the cost of the plant’s products and increase its competitiveness in the EU markets, the innovators of the rolling shop reduce the metal cost factor in the production of wire rod. To do this, a proposal was introduced at the section rolling mill to change the algorithm of work, which made it possible to reduce the consumption coefficient of the metal in the production of 5.5 mm and 6.5 mm wire rod.

Following the implementation of the rationalization proposal, the cost factor was reduced by 0.5 kg/tonne in the production of 5.5 mm wire rod and by 0.7 kg/tonne in the production of 6.5 mm wire rod. The actual economic effect amounted to UAH 2.256 million.

Metinvest is a vertically integrated mining group of companies that manages assets in every link of the production chain from iron ore and coal mining and coke production to the production of semi-finished products and finished products from steel, pipes and coils, as well as the production of other high value-added products. The group consists of mining and metallurgical enterprises located in Ukraine, Europe and the USA, has a sales network covering all key global markets.

Metinvest’s main shareholders are SCM Group (71.24%) and Smart-Holding (23.76%), which jointly manage the company.

Metinvest Holding LLC is the management company of Metinvest Group.