Metinvest combines expertise in service functions into a single enterprise

Metinvest Group is consolidating its service functions into a single entity, Metinvest Machinery. This was announced in a company statement.

The group is thus completing the transformation and centralization of its service functions in line with its business strategy of improving asset efficiency.

Metinvest Machinery is based on Zaporizhzhia Foundry and Mechanical Plant (ZLMZ), one of the group’s newest enterprises. It was established in 2016 on the basis of Zaporizhzhia Steel’s mechanical, foundry, and metalworking shops.

In 2023, the group merged the Zaporizhzhia Foundry and Mechanical Plant and the Kryvyi Rih Repair and Mechanical Plant into a single enterprise, ZLMZ, with branches in Zaporizhzhia, Kryvyi Rih, and Kamianske, in production and administrative processes. From December 1, 2025, all their capacities, expertise, and experience will be concentrated under the operational management of Metinvest Machinery.

As noted by Metinvest’s Chief Operating Officer Olexander Myronenko, ZLMZ has scaled up to become a diversified repair and mechanical engineering enterprise with divisions in three cities.

“We have strengthened the synergy of industrial sites and human capital, increased operational and managerial efficiency, expertise, and presence in the industry,” he said.

Oleksandr Myronenko added that the group had transformed the enterprises and teams in order to preserve them and ensure employment for 3,000 people in the industry during and after the war.

The repair companies’ teams will continue to work at Metinvest Machinery in full force, with salaries, the incentive and bonus system, social guarantees, etc. remaining unchanged.

The profile of activities will also remain unchanged: Metinvest Machinery specializes in the repair of equipment and the manufacture of a wide range of replaceable spare parts for production equipment of metallurgical, coke chemical, and mining enterprises, machining and manufacturing of metal structures of varying degrees of complexity, and service support.

An extensive network of key divisions in several cities enables Metinvest Machinery to promptly fulfill orders for the group’s enterprises in the regions where it operates and for external customers.

It should be noted that Metinvest has increased the efficiency of the integrated mining and processing plant by implementing a new management model and financial transformation. The company merged three enterprises in Kryvyi Rih under a single management, which made it possible to optimize costs, improve product quality, and speed up decision-making.