RE:THINK. Metinvest confirmed system green development of business and cities

RE:THINK. Metinvest confirmed system green development of business and cities

29.10.2019

Metinvest Group takes Ukraine to a new level of interaction with international organizations and communities. During the first international investment forum in Mariupol, the company signed Memorandums for six years on cooperation in improving the environment with Mariupol, Zaporozhye and Krivoy Rog. Investments in the environmental upgrade of the equipment will total over USD 400 million.

Metinvest Group aims to support a range of programs that will change the environmental situation in the regions of Ukraine and stabilize the country's economy. The company's assets will be immediately upgraded in two directions: production and environmental. The signing of Memorandums is another step in the systematic modernization of production and investment support for major environmental projects aimed at improving the overall environmental situation and raising the living standard in the cities of presence.

Yuriy Ryzhenkov, Chief Executive Officer of Metinvest Group:

- As part of the environmental upgrade program for 2019-2024, a number of major projects to the amount over $ 400 million are being implemented at our enterprises. We also intend to continue the implementation of corporate social projects and involve international experts and urban communities in the realization of joint green sustainable development projects.

In particular, in Mariupol, due to the new format of interaction, the existing cooperation between business and the municipality will be strengthened. Major new joint programs will appear that will improve the overall environmental situation in the city.

Vadym Boychenko, Mariupol City Mayor:

- The main areas of Mariupol development as part of "Green Cities" program are transport, energy efficiency, waste management, water resources and local environment. Traditionally, Metinvest Group is our strategic financial partner in such projects. The signed memorandum will strengthen cooperation on existing programs and at the same time will be a great start for new joint projects.

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