12:58 24.04.2014

SCM invests UAH 16 bln in its assets in 2013

2 min read

SCM Group invested UAH 16 billion in the development of its assets (not taking into account mergers and acquisitions), including UAH 5.7 billion and UAH 10 billion of investment in the modernization of Metinvest Holding and DTEK Energy Holding's enterprises respectively.

"Despite the difficult political and economic situation in the country, we'll continue systemically investing in the modernization and efficiency of our enterprises, environment protection, labor safety, development of employees and social development of territories where our enterprises are located," reads a report of SCM issued on Wednesday, citing SCM CEO Oleh Popov.

The group said that tax payments by its enterprises last year came to UAH 28 billion and investment in the social programs stood at UAH 6 billion.

In April 2013, SCM said that investment in its assets grew to UAH 17.98 billion in 2012 compared to UAH 15.163 billion in 2011. In 2012, investment in the development of business and modernization of Metinvest and DTEK holdings came to UAH 6.12 billion and UAH 10.33 billion respectively compared to UAH 9.06 billion and UAH 4.44 billion in 2011.

Tax payments by SCM in 2012 came to almost UAH 29 billion, while investment in the social programs totaled almost UAH 7 billion, a rise of 57.6% and 30% year-over-year.

The total number of employees as of late 2013 exceeded 320,000 compared to 280,000 as of late 2012.

System Capital Management Limited is the holding company that owns the corporate rights in SCM businesses: Metinvest, DTEK, FUIB and Renaissance Capital banks, ASKA, ASKA Life insurance companies, Vega Telecommunications Group, Ukraina Media Group, Segodnya Multimedia publishing holding, ESTA Holding (real estate), Ukrainskiy Retail (grocery retail), UMG (clay production), Parallel (petroleum products retail), HarvEast (agriculture), Corum holding, Portinvest transportation holding and others.

SCM is 100% owned by businessman Rinat Akhmetov.

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