Ferrexpo PLC Humanitarian Fund to Support Ukraine
07 3월 2022 - 4:01PM
RNS Non-Regulatory
TIDMFXPO
Ferrexpo PLC
07 March 2022
7 March 2022
Ferrexpo plc
("Ferrexpo" or the "Company" or the "Group")
Ferrexpo Establishes Humanitarian Fund to Support Ukraine
Ferrexpo plc (LSE: FXPO), the world's third largest exporter of
high grade iron ore pellets to the global steel industry, with
operations in central Ukraine, announces the creation of a
Humanitarian Fund ("the Fund"), for the Group to provide direct
support for local communities surrounding the Group's operations
and in Ukraine.
An initial US$1.5 million has been allocated to the Fund,
following the Russian invasion of Ukraine, and projects are being
coordinated by Ferrexpo's management team in Ukraine, who are
working closely with local community leaders, as well as local and
national government. The Group is continuing to monitor
developments and will respond as appropriate with additional
funding.
The Fund has already deployed resources toward the local
sourcing of food with a long shelf life, restocking of equipment
and basic materials such as blankets for shelters in residential
areas and emergency medical supplies for local hospitals and
medical facilities. Funds are being deployed on a daily basis to
support the quickly changing situation in the country.
Ferrexpo's priority remains the safety of its workforce and
local communities, and the Group is working to tackle the
humanitarian crisis that is emerging across Ukraine.
Jim North, CEO of Ferrexpo commented:
"Our Humanitarian Fund is one of many initiatives we are
embarking on to support Ukraine during this distressing period. The
Fund is an important part of our emergency response to the
humanitarian needs of our local communities at this difficult time.
In addition, we are providing support in many areas, with
accommodation available to those seeking refuge from other parts of
the country, and we have implemented measures to support our
workforce of more than 10,000 people, including but not limited the
advance of salaries and paying taxes, a newly established centre at
our operations to provide 24 hour child care, and the provision of
psychological support to employees. This is an incredibly difficult
time and I would like to thank our entire workforce for their
united effort in finding ways to support our local communities and
Ukraine."
For further information, please contact:
Ferrexpo:
Rob Simmons r.simmons@ferrexpo.ch +44 207 389 8305
Tavistock:
Jos Simson +44 207 920 3150
Gareth Tredway ferrexpo@tavistock.co.uk +44 7785 974 264
About Ferrexpo:
Ferrexpo is a Swiss headquartered iron ore company with assets
in Ukraine and a premium listing on the London Stock Exchange in
the FTSE 250 index (ticker FXPO). The Group produces high grade
iron ore pellets, which are a premium product for the global steel
industry and enable reduced carbon emissions and increased
productivity for steelmakers when the Group's iron ore pellets are
converted into steel, compared to more commonly traded forms of
iron ore. Ferrexpo's operations have been supplying the global
steel industry for over 40 years and in 2021 the Group produced
11.2 million tonnes of iron ore pellets, placing Ferrexpo as the
world's 3(rd) largest exporter of pellets to the global steel
industry with a market share of approximately 9%. The Group has a
global customer base comprising of premium steel mills around the
world, which includes steel mills in Austria, Germany, Japan, South
Korea, Taiwan, China, Slovakia, the Czech Republic, Turkey, Vietnam
and America. For further information, please visit www.ferrexpo.com
.
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