EMZ of Metinvest Group brought in half a billion hryvnia in 2013

Yenakiyevo Metallurgical Plant (EMZ) of Metinvest Group, according to preliminary data, ended 2013 with a net loss of UAH 496 million 019 thousand. against 69 million 431 thousand UAH. losses in 2012. According to the company's announcement of the annual meeting of shareholders scheduled for March 29 of this year, the company's outstanding loss by the end of last year amounted to UAH 661.826 million.

EMZ in 2013 increased its current liabilities by 89.4 percent to UAH 17 billion 544.766 million, but reduced long-term obligations by 87.7 percent to UAH 1 billion 265.958 million. At the same time, the Yenakievsky plant reduced accounts receivable by 12.4 percent to UAH 13 billion 772.875 million.

The company's assets decreased by 5.1 percent to UAH 19.037 billion, including fixed assets increased by 10.4 percent to UAH 2.929 billion. The number of employees in 2013 decreased by 0.9 percent to 7,244 people.

PJSC "Enakievo Metallurgical Plant" together with the joint Ukrainian-Swiss enterprise LLC "Metalen" is a part of the EMZ group of enterprises. Enterprises that are separate legal entities carry out economic activities at one production site, have a single production cycle, and they carry out a single operational management. EMZ and Makeevsky Metallurgical Plant (MMZ) are links in a single production chain. At the same time, Enakievsky Steel Plant is the main supplier of billets for rolling mills of MMZ

EMZ, Metalen and MMZ are part of the Metinvest mining and metallurgical group. The main shareholders of Metinvest B.V. (Netherlands; parent company of Metinvest group) are SCM (71.25%) and Smart-Holding (23.75%).

The authorized capital of EMZ PJSC is UAH 160 million 897.992 thousand.