Zaporizhstal, part of Metinvest Group, in 2014 invested about $120 million in production modernization, Zaporizhstal CEO Rostyslav Shurma said at a meeting with U.S. Embassy representatives in Ukraine.

"We continue to invest in the modernization of our production. In 2014 our investment was the largest among all the regions of Ukraine - we invested about $120 million in the technical modernization of the plant. Today, our plant is one of the few companies in Ukraine, which is in the difficult economic environment continues not just working but developing and increasing production," Shurma said.

Economic Adviser to the U.S. Embassy Chip Laitinen thanked Shurma for the opportunity to become acquainted with the plant's activities and noted that the successful reforms and the positive changes occurring at the plant are an example of what should be happening now in Ukraine.

"In the difficult economic situation, which is now in Ukraine, Zaporizhstal is the example of an industrial enterprise, which not only preserves stability but is also successfully developing, investing in modernization, seeking new markets, and remains competitive," Laitinen said.

As reported, Zaporizhstal in 2014 increased rolled steel production by 5% compared to the same period of 2013, to 3.384 million tonnes, steel output - by 3.8%, to 3.964 million tonnes, cast iron - by 9.1%, to 3.513 million tonnes.

Zaporizhstal is one of the largest industrial enterprises in Ukraine, whose products are well known and in demand by consumers in the domestic market and in many countries around the world.