Moldova Steel Works ( ro, Uzina Metalurgică Moldovenească; russian: Молдавский металлургический завод) is a steel-producing company in

Rîbnița Rîbnița or Rybnitsa ( ro, Rîbnița or , Moldovan Cyrillic alphabet: Рыбница; russian: Ры́бница, ''Rybnitsa''; uk, Ри́бниця, ''Rybnytsia''; yi, ריבניצע, ''Ribnitse'') is a town in Transnistria (''de facto'') in M ...

Transnistria Transnistria, officially the Pridnestrovian Moldavian Republic (PMR), is an unrecognised breakaway state that is internationally recognised as a part of Moldova. Transnistria controls most of the narrow strip of land between the Dniester riv ...

. It accounts more than half of Transnistrian industrial output. Moldova Steel Works was founded in 1985 for reprocessing of

scrap metal Scrap consists of recyclable materials, usually metals, left over from product manufacturing and consumption, such as parts of vehicles, building supplies, and surplus materials. Unlike waste, scrap has monetary value, especially recovered me ...

. In 1998, majority of its shares was sold to

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-eig ...

n energy company

Itera ARETI International Group of Companies is a private energy company headquartered in Geneva, Switzerland. ARETI was created by Igor Makarov in 2015 as a result of rebranding of Itera International Group of Companies, which was started in 1992. T ...

and 28.8% of shares was given to the employees of the company. Production peaked in 2000. In 2004, acquired 90% of shares was acquired by Hares Group of Hares Youssef. Moldova Steel Works became owned by group of

Russian Russian(s) refers to anything related to Russia, including: *Russians (, ''russkiye''), an ethnic group of the East Slavic peoples, primarily living in Russia and neighboring countries *Rossiyane (), Russian language term for all citizens and peo ...

–

Ukrainian Ukrainian may refer to: * Something of, from, or related to Ukraine * Something relating to Ukrainians, an East Slavic people from Eastern Europe * Something relating to demographics of Ukraine in terms of demography and population of Ukraine * So ...

oligarchs Oligarch may refer to: Authority * Oligarch, a member of an oligarchy, a power structure where control resides in a small number of people * Oligarch (Kingdom of Hungary), late 13th–14th centuries * Business oligarch, wealthy and influential bu ...

, including in addition to Hares Youssef also

Hryhoriy Surkis Hryhoriy Surkis ( ua, Григорій Суркіс; born 4 September 1949) is a Ukrainian businessman, one of five vice-presidents of UEFA since 24 May 2013. Surkis was the president of Football Federation of Ukraine until September 2012.

Ihor Kolomoyskyi Ihor Valeriyovych Kolomoyskyi ( uk, Ігор Валерійович Коломойський, translit=Ihor Valereriyovych Kolomoyskyi; he, איגור קולומויסקי; born 13 February 1963) is a Ukrainian-born billionaire, business magnat ...

Alisher Usmanov Alisher Burkhanovich Usmanov (russian: Алишер Бурханович Усманов; born 9 September 1953) is an Uzbek-born Russian businessman and oligarch. By 2022, Usmanov had an estimated net worth of $19.5 billion and was among the w ...

, Vadym Novynskyi and

Rinat Akhmetov Rinat Leonidovych Akhmetov, ; russian: Ринат Леонидович Ахметов, ; tt-Cyrl, Ринат Леонид улы Әхмәтов, translit=Rinat Leonid uly Äkhmätov (born on 21 September 1966) is a Ukrainian billionaire and b ...

. Later the

n company Metalloinvest controlled by

and Vasily Anisimov became owner of the company. In 2015, the ownership was returned to the Transnistrian authorities for a symbolic price. On 14 May 2018, Ukrainian government included Moldova Steel Works in the list of sanctioned companies, but excluded it from the list on 19 March 2019 after the Moldovan prime minister

Pavel Filip Pavel Filip (born 10 April 1966, Pănășești, Strășeni) is an engineer and politician from the Republic of Moldova. In 2001–2008 he was the director of the Joint-stock company "Bucuria" and in 2008–2011, general manager of Tutun-CTC join ...

's request. The initial annual production capacity of the company was 684,000 tonnes of

crude steel Steel is an alloy made up of iron with added carbon to improve its strength and fracture resistance compared to other forms of iron. Many other elements may be present or added. Stainless steels that are corrosion- and oxidation-resistant ty ...

and 500,000 tonnes of rolled products. Later the capacity was reported to be is around 1,000,000 tonnes of steel and 1,000,000 tonnes of rolled products. In 2018, it produced almost 502,900 tonnes of steel and 497,900 tonnes of rolled goods.

References

External links

* Companies of Transnistria Steel companies of Moldova Iron and steel mills Rîbnița Steel companies of the Moldavian Soviet Socialist Republic 1985 establishments in the Soviet Union {{transnistria-stub