Products iron ore pellets Parent organization Fevamotinico S.a.r.L. | Traded as LSE: FXPO Founded 1960 Revenue 961 million USD (2015) | |
 | ||
Key people Michael Abrahams, ChairmanKostyantin Zhevago, CEO Christopher Mawe CFO Stock price FXPO (LON) 146.15 GBX +6.85 (+4.92%)10 Mar, 5:01 PM GMT - Disclaimer | ||
ferrexpo plc ferrexpo yeristovo mining
Ferrexpo plc is a Swiss-based iron-ore producer operating in Ukraine. The company is listed on the London Stock Exchange and it is a constituent of the FTSE 250 Index.
Contents
- ferrexpo plc ferrexpo yeristovo mining
- Ferrexpo plc fym corporate movie
- History
- Operations
- Ownership
- References
Ferrexpo plc fym corporate movie
History
The business was founded by the Soviet government in 1960 as the "Poltava Mining and Extraction Combinat" to exploit iron ore reserves in Komsomolsk, Ukraine. The business was privatised in 2001 by the Ukrainian Government. In 1977 it started selling its product in the form of pellets. It was first listed on the London Stock Exchange in 2007. In 2011 the company announced that it was considering expansion in countries outside Ukraine.
Ferrexpo acquired an $80 million stake (14.4%) in a Brazilian mining company Ferrous Resources in September 2013 as part of its push to expand beyond Eastern Europe.
Operations
The Company sells most of its product to the steel mills of Eastern Europe. It is organised into the following units:
Ownership
The founder, Kostyantin Zhevago, owns 51% of the company.