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                        THURSDAY, FEBRUARY 27, 2020
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ArcelorMittal to invest $1.8-bln into Ukrainian operation within 2 years
Journal Staff Report

KYIV, Nov 5 ArcelorMittal, the largest steel company, has invested $4.4 billion in ArcelorMittal Kryvyi Rih mining and metallurgical plant (Dnipropetrovsk region) after its acquisition, and will invest another $1.8 billion over the next five years, the deputy director general for metallurgical production at ArcelorMittal Kryvyi Rih, Oleksandr Ivanov, has said at a meeting with German Consul General in Donetsk (with temporary accommodation in Dnipro) Stefan Kyle.

"ArcelorMittal invested $4.8 billion in the purchase of the enterprise, and $4.4 billion in modernization of production. Another $1.8 billion will be invested in the next five years," the plant's press service said citing Ivanov.




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