modernization - Latest news GMK Center

These funds will enable the company to increase its production volumes

The new production line is scheduled to reach full capacity in the second quarter of 2029

The projects are scheduled to be completed in the second half of next year

The total investment amounts to $3.97 billion

UAH 5.3 million was allocated for these purposes

Board of Directors approves $350 million project funding

The agreement is the company's first ECA loan since the start of the full-scale invasion

The key feature of the project is the conversion of the increased volume of blast furnace gas into electricity

In May 2025, new capacities will be put into operation

Investments in maintenance will amount to $385 million, and the unit will be put back into operation in June 2024

Updated facilities will allow the company to better meet the needs of the market

Such steps will help the industry to achieve qualitative growth