News Companies capital investment 470 14 October 2024
The main part of the funds is invested in major repairs of coke batteries No. 2 and No. 5-6
Zaporizhkoks, a Metinvest Group company and one of the largest producers of coke for steel industry in Ukraine, has allocated more than UAH 360 million for the capital upgrade of the coke oven stock at its coke shop since the beginning of 2022. This is stated in the company’s press release.
“For enterprises, modernization and maintenance of equipment in good working order is a matter of survival in the difficult conditions of war. At Zaporizhkoks, not only the plant’s own uninterrupted production but also the work of our fellow metallurgists depends on high-quality and timely overhauls,” the statement said.
The bulk of the funds were allocated for the overhaul of coke oven batteries No. 2 and No. 5-6.
Work is currently underway to relay two walls of battery No. 2. Zaporozhvognetryv is replacing reinforcement elements, armor and anchor columns on the furnaces. In total, the program to upgrade Battery No. 2 is scheduled to run until May 2025 and will include the overhaul of seven walls.
As previously reported, the volume of investments in the overhaul of Zaporizhkoks’ coke oven battery No. 2 in 2024 is planned at UAH 60 million.
In 2023, Zaporizhkoks increased its blast furnace coke production by 16% or 119.4 thousand tons compared to the same period last year, up to 856.8 thousand tons.
At the same time, in 2022, the company reduced blast furnace coke production by 11.9% compared to 2021, to 737.4 thousand tons. Production decreased as a result of the plant’s shutdown on March 1, 2022, due to the start of the Russian invasion of Ukraine. Production was partially resumed on April 1. The company’s products were supplied to Metinvest’s enterprises, including Zaporizhstal.
For 9 months of 2024, Zaporizhkoks increased its blast furnace coke production by 2% compared to the same period in 2023, to 655.28 thousand tons.