OREANDA-NEWS. January 14, 2007. In 2007, Avdeyevka Coke and Chemicals Plant produced 3,03 million tonnes of furnace coke, up 11,4%, or 309,1 thousand tonnes, from 2006, reported the press-centre of SCM.

In 2007, Avdeyevka Coke and Chemicals Plant faced certain challenges: unstable supplies of coking raw materials (both from Ukrainian and Russian companies), reduction in coal stocks from 6-7 days (as per established standards) down to 2-3 days, increase in poor quality coal supplies, problems with grade composition. The plant short-received over 200 thousand tonnes of furnace coke in 2007 through disruption of raw materials supplies.

"We had problems with coals during the whole 2007, but they escalated after the tragedy at Zasyadko mine. Moreover, last year saw more supplies of coal with greater ash content. In addition, the year saw sharp rise in coal price. Growth in prices for coals produced by Ukrainian companies, including state-run Ugol Ukrainy, made at least 50%, and price for some Russian coals which do not have analogues in Ukraine grew by up to 100%. As a result, production cost of coke and other products has considerably grown. Given the current situation at the coal market, the plans of our plant for 2008 are less optimistic than those for 2007," said General Director of OJSC Avdeyevka Coke and Chemicals Plant Gennadiy Vlasov.

Information:
Metinvest Group is a regional leader in mining and metals and one of the key players on the world’s iron and steel market. Metinvest Group companies produce 10,5 million tonnes of steel and more than 38 million tonnes of iron ore raw materials annually. Metinvest not only satisfies its own raw material needs but is also a key supplier for many other Ukrainian steel companies.

METINVEST HOLDING LLC is the managing company of Metinvest Group. METINVEST HOLDING LLC is owned by Dutch company Metinvest B.V. (51,15%) and ZAO SCM (48,85%). 75% of Metinvest B.V. is owned by SCM (Cyprus), a subsidiary of ZAO SCM and another 25% - by Smart N.V., the holding company of Vadim Novinsky’s business group.

OJSC Avdeyevskiy Coke and Chemicals Plant, a company within Metinvest Group, is Europe's largest hi-tech coke and chemicals producer. The plant produces over 30 products, with the core product being coke for steel industry. The plant employs around 7,000 persons.