The Ukraine branch of Luxembourg-based steel company ArcelorMittal was the leading exporter for the Eastern European country in 2015, according to the list of top ten companies compiled by Forbes magazine.
The list was determined on the performance results of the top ten largest Ukrainian companies in the first half of 2015, which accounted for 27% of the country's US$18.5bn exports of last year.
ArcelorMittal Kryvyi Rih was found to be the largest full-cycle metallurgical company in the country, with its operations comprising a coke and by-product plant, iron-ore deep mining and a metallurgical complex consisting of a sinter and blast furnace and steelmaking and rolling process departments.
CEO of ArcelorMittal Kryvyi Rih, Paramjit Kahlon, welcomed the news stating: "ArcelorMittal is committed to its operations in Ukraine and we are proud to be recognised as one of the major drivers of the country's economy." He continued: "We recently celebrated the tenth anniversary of ArcelorMittal's presence in Ukraine, which provided a good opportunity to take stock of the remarkable progress we have made so far. Going forward, we will continue to invest in our operations, to support a sustainable future for our business, our employees and the wider community."
ArcelorMittal's success in Ukraine was equally supported by its pole position for the second consecutive year in the 'Transparency Index' published by the country's Centre for Corporate Social Responsibility (CSR) Development. The index evaluated the top 100 largest companies in Ukraine covering 18 economic sectors, and determined the level of transparency and availability of information within each.
ArcelorMittal Kryvyi Rih earned a rating of 85% for the four criteria of reporting, content, navigation and availability of CSR information, placing it at the highest level of any Ukrainian country.
Photo by ArcelorMittal Ukraine (Paramjit Kahlon)
