ArcelorMittal Kryvyi Rih to invest over $1.8 billion in environmental upgrade

Thursday, 08 August 2019 17:30:22 (GMT+3)   |   Istanbul
       

Ukraine-based ArcelorMittal Kryvyi Rih has announced that it will invest more than $1.8 billion in the next five years to reduce emissions by 50–55 percent, following an environmental investigation which left the commissioning of its new continuous caster suspended.

The company said that it now has opportunity to continue commissioning works on the continuous caster.

On July 20, the Security Service of Ukraine halted commissioning work at the caster, citing radiation exceeding safe levels in the equipment.

ArcelorMittal is one of the biggest foreign investors in Ukraine with a total investment value of $9.2 billion in the plant, including the takeover price. 


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