Mariupol plant named after Lenin last year received almost UAH 3 billion in losses

The Mariupol Metallurgical Plant named after Ilyich of Rinat Akhmetov's Metinvest Group reported record losses received in 2013. According to preliminary data, the amount of the loss reached UAH 2 billion 929 million 911 thousand, which is 5.3 percent higher than in 2012.

According to the accounting data, the value of the assets of the Mariupol plant named after Lenin at the end of 2013 amounted to UAH 17 billion 426 million 036 thousand, accounts receivable reached UAH 3 billion 567 million 024 thousand. At the same time, the plant's long-term liabilities amounted to UAH 23 million 188 thousand, current liabilities increased to UAH 8 billion 085 million 863 thousand.

Earlier it was reported that at the end of 2012 MMK im. Ilyich received 2 billion 782 million 306 thousand UAH. loss, reducing net income by 26.28 percent to 24 billion 345 million 826 thousand UAH. compared to 2011.

MMK them. Ilyich specializes in the production of flat steel, iron ore sinter, pig iron, cast and rolled slabs. The plant is part of the Metinvest group of the richest man in Ukraine and 47th in the world according to Rinat Akhmetov's Forbes.

In November 2012, Yuri Zinchenko, who had previously worked as director of the Khartsyzsk pipe plant, was appointed director of the Ilyich Iron and Steel Works.