Industrial Union of Donbas
Industrial Union of Donbass (ISD; Ukrainian: Індустріальний союз Донбасу) is one of the biggest corporations in Ukraine. It is a horizontally integrated holding company that owns or directs stocks of 40 industrial enterprises in the East Ukraine, Hungary, and Poland. The company was created in 1995 and before the appearance of SCM Holdings in 2000 was a major steel rolling corporation in the East Ukraine. According to Interfax, ISD produces 9.2 million of steel annually. In 2012 World Steel Association ranking the corporation placed 33rd sharing it with JSW Steel Ltd.
|Founder||Vitaliy Haiduk, Serhiy Taruta, Oleh Mkrtchian|
Number of locations
|Ukraine, Poland, Hungary|
|Serhiy Taruta, Oleh Mkrtchan|
|Owner||ISD (49.9%), Carbofer Group (50%+2)|
In 2010 the Swiss-based Carbofer Group (associate of Evraz Group) along with a "group of investors" and the Vnesheconombank has purchased the controlling interest in corporation 50%+2 stocks. Because of that Vitaliy Haiduk left ISD. Earlier in 2007 Metalloinvest showed its interest to buy portion of ISD.
List of holding's main enterprises
- Alchevsk Metallurgical Combine
- Alchevsk Coke-chemical Plant
- Dnieper Metallurgical Combine (Kamianske)
- ISD Dunaferr (Dunaújváros, since 2004)
- ISD Huta Czestochowa (Częstochowa, since 2003)
In 2007 ISD obtained from SCM Holdings the Kuibyshev Kramatorsk Metallurgical Plant (Kramatorsk) which was fighting against bankruptcy charges since 2006. At the end of 2012 the Donetsk Economical Court recognized Kramatorsk Metallurgical Plant as bankrupt, while most of its assets were transferred to two smaller factories - Kramatorsk Metal-rolling Plant and Kramatorsk Ferroalloy Plant.
ISD obtained 75% shares of the Gdansk Shipyard, with the remaining share held by the Polish government. The Polish government regained 50% in 2018.
Relations and controversies
Academics state that ISD provided significant financial support for Viktor Yuschenko during his presidential campaign and subsequent Orange Revolution. Vitaliy Haiduk (appointed by President Yuschenko) headed the National Security and Defense Council of Ukraine from October 2006 till May 2007. Haiduk also served as deputy minister and minister of fuel and energy from 2000 under former President Leonid Kuchma, who in 2002 promoted him to deputy prime minister. Haiduk also served as an adviser on energy to former Prime Minister Yulia Tymoshenko prior to 2010.
- Our answer Arcelor. Vedomosti.ru. February 19, 2007.
- Top steel producing companies 2012. World Steel Association.
- Carbofer group owner buys controlling interest in Industrial Union of Donbas. Kyiv Post. January 8, 2010.
- Russian group buys Ukraine’s Industrial Union of Donbass, nation’s leading steel group, Kyiv Post (14 January 2010)
- Russians buying out Ukrainian Metal Plants. lb.ua. January 18, 2010.
- Trappmann, V. Fallen heroes in global capitalism: Workers and the Restructuring of the Polish Steel Industry. "Palgrave Macmillan". 2013
- Dont stand under stream. "Business Capital". October 29, 2007.
- Kuibyshev's tormenting stopped. Minprom information agency. January 15, 2013.
- Gdansk Shipyard website (history).
- Gdansk Shipyard again nationalised. Wyborcza. August 13, 2018.
- Ukrainian Politics, Energy and Corruption under Kuchma and Yushchenko by Taras Kuzio (7 March 2008)
- Is Democracy Irreversible in Ukraine? by Olexiy Haran (December 2005)
- Yushchenko names businessman to oversee Security Council, Kyiv Post (Oct. 10, 2006)
- #12 Richest: Vitaliy Haiduk, 53, Kyiv Post (17 December 2010)