Metinvest plans to invest in the expansion of its logistics centre

Metinvest mining and metallurgical group will invest in a logistics center in Poland in order to increase the supply of Ukrainian metal products for export, the company's CEO Yuriy Ryzhenkov said.

“We have a logistics center in Katowice for the transportation of steel products. We plan to develop it – to increase capacity. We are also considering setting up a joint venture, a new distribution center or buying an existing one, as we still supply quite a lot of Ukrainian steel to Poland and plan to continue to do so. Right now we have no plans to locate production facilities in Poland, but, of course, we follow the market, and if such an opportunity arises, we will consider it,” he said.

He stated that Metinvest's strategy has not changed - the company wanted to connect Ukraine and Ukrainian iron ore with the European steel production chain. Therefore, the group continues to look for opportunities to acquire assets that would allow it to use the Ukrainian raw material base, produce products in the EU and supply them to European consumers.