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ArselorMittal Temirtau reduced funding social projects in the Karaganda region by almost 50%

08.02.2013, 13:00 8556

Karaganda. February 8. Kazakhstan Today - ArselorMittal Temirtau has signed a Memorandum of Cooperation with the Akim of Karaganda region, Kazakhstan Today reports.

"The amount of funds allocated by the Memorandum, this year, is less than in previous years. This is due to the difficult economic situation. Despite all the difficulties, the company follows its principle of social responsibility. Cost of memorandum in 2013 was 675.7 million tenge. In 2012, the sum of the memorandum was 1.3 billion," the press-service of the company informed.

According to the report, the funds will be used for the support and development of sports, culture, education and improvement of the cities and the regions, where the company's enterprises are situated, and social problems of the region. In addition, funds will be directed to charity and purchase of equipment for orphanages in the region.

"In particular, the company will continue to finance the football club Bulat and the hockey team Arystan, sports base for athletes of Temirtau, grants for artists of the Academic Orchestra of Folk Instruments named after Tattimbet under Concert Association named after K. Baizhanov, welfare assistance to veterans of war for the Victory Day, support for the youth association of Karazhan, solving of municipal problems, landscaping and beautification of cities and regions of the company's business location," the press-service informed.

ArselorMittal is number one steel producer in the world. The company has offices in more than 60 countries. ArcelorMittal is the leader in major global markets, including automotive, construction, as well as the market of household appliances and packaging.

ArcelorMittal Temirtau JSC is a part of ArcelorMittal and is the largest mining and metals sector of the Republic of Kazakhstan. The company is an integrated mining and metallurgical complex with its own coal, iron ore and energy base.

The structure of ArselorMittal Temirtau includes steel plant in Temirtau eight coal mines in Karaganda region, four mine iron ores in Karaganda, Akmola and Kostanay regions.

ArcelorMittal Temirtau JSC specializes in the manufacture of flat and long products, including polymer, zinc and aluminum coating, as well as producing sinter, iron ore concentrate and coal, coke, iron and steel, including continuous casting slabs, strips, strip spar , welded tubes and related products domain and coke production.

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