ISD Dunaferr

HISTORY OF THE COMPANY

Technical and technological conditions of production were established

1950	Starting of the building of Dunai Vasmu, the legal predecessor of the company group.
1954	The individual units of the core business, two blast furnaces and two open-hearth furnaces of the steelworks were prepared.
1955-1960	Investment and production were running simultaneously, the focus was gradually placed from construction to production and further two open-hearth furnaces were installed in the steelworks during this period.
1956	Coking block No. I was commissioned.
1960	Hot rolling mill and coking block No. II were commissioned.
1960-1965	The metallurgical technology became complete. The production of so-called metallurgical secondary products (cold bent profiles, spirally welded pipes, light steel structures, radiators) started and the cold rolling mill was also completed by the end of the period.
1965-1980	The development of industrial production made Dunai Vasmu one of the determinant companies of domestic metallurgy. The products of the company provided the bases for the development of the road vehicle program and mechanical engineering (e.g. Ikarus, Rába), the construction of oil and gas pipeline systems (e.g. Barátság petroleum pipelines) and the general spreading of the light constructional building system.
1973-1974	The equipment of the two continuous casting mills was commissioned.

Technological developments, capacity extension

1980	The reconstruction of the production plants of the company started.
1981-1982	LD-converter steel-making process started, open-hearth steel-making process continuously decreased.
1983	The name of the company was changed to DUNAFERR.
1986	Commissioning of the new coking block No. III.
1989	First Coil-box of Central Europe was constructed. New plate radiator production was established at the company.
1995	Reconstruction of Blast Furnace No. II.
1997	Opening of the plate radiator plant. Reconstruction of Blast Furnace No. I.
1998-2000	Intensification of the continuous casting plant, installation of three-position ladle metallurgical station.
1996-1997	Implementation of automatic gauge control in the finishing mill of hot rolling mill and control system adjusting the rolling programs automatically.
1998	Installation of Georg slitting line with automatic packaging and piling equipment.
1996-1999	Installation of a new coiler of 25 tons in the hot rolling mill.
1998	Dust removal of the blast furnace casting bay.
1999	Introduction of metalworking technology with CTA stand in profile production.
1999	Installation of hot strip slitting line in SSC.
2001	Reconstruction of Blast Furnace No. II for a lifetime of 10 years.
2001	Installation of an oil separator engineering structure to the lower part of the open ditch of the drainage of DUNAFERR.
2002	Finishing of the intensification jobs of the continuous hot-dip galvanizing line.
2002	Implementation of the collective treatment of oil-scale water from the hot rolling mill and sludge from blast furnace gas cleaning.
2003	Commissioning of the reconstructed first part of Coking Block No. III.
2003	Installation of coated strip slitting line in SSC.
2003	Reconstruction of the skin-pass mill stand of 1700 mm.

Modern history of DUNAFERR

1990-93	Concern centre, as the strategic control and coordinating body was established, producing and servicing activities became a part of independent economic corporations.
1991-94	ISO 9000 standards system based quality assurance systems were introduced at the member companies of the company group.
1 July 1992	DUNAFERR Dunai Vasmű Részvénytársaság (DUNAFERR Danube Ironworks Company Limited by Shares) was established.
May 1993	Embargo against Little-Yugoslavia took effect. The company restructured its foreign market logistic activity. The establishment of the domestic trade steel product distribution network, the so-called DUNAFERR Center Network, of the company started aligning with the requirements of the domestic market structure.
1995	DUNAFERR became an associated member of EUROFER.
1996	DUNAFERR Sanitary Engineering Department Stores were established at different locations in the country, which manage the brand trading of DUNAFERR radiators and other sanitary engineering products.
1997	This was the year of investments, the new plant producing LUX-N plate radiators was constructed and commissioned, and the most modern ice-hockey stadium in Hungary was opened this year in Dunaújváros as a result of the main contracting of DUNAFERR.
1998	A decision was made on the establishment of a Steel Service Center in Dunaújváros.
1999	The shipping on the Danube stopped on account of the Yugoslavian actions of the NATO. As a result of this, DUNAFERR companies underwent serious losses, however the logistic system restructured earlier met the requirements in this situation as well.
2000	DUNAFERR celebrated its 50th anniversary.
18 Dec. 2002	Governmental decision on the privatization of DUNAFERR.
31 March 2003	DUNAFERR Acélművek Kft. (DUNAFERR Steelworks Ltd.) merged into its legal successor, DUNAFERR Dunai Vasmű Részvénytársaság (DUNAFERR Danube Ironworks Company Limited by Shares).
23 December 2003	The Board of Directors of ÁPV Rt. decided on the assessment of the tenders handed in for the privatization of DUNAFERR. The winner of the tender became the Ukrainian-Swiss Donbass-Duferco consortium.
25 February 2004	The share selling and investment agreement between the representatives of ÁPV Rt. and Donbass-Duferco consortium, as well as the share subscription agreement between DUNAFERR Rt. and the investor consortium were signed.
30. September 2004	The privatisation process of DUNAFERR has been completed successfully with the realisation of closing terms stated in the Share Underwriting and Investment Agreement between Állami Privatizációs és Vagyonkezelő Rt. (Hungarian Privatisation and State Holding Company) and the investment consortium established by Industrial Union of Donbass, Alcsevszk Metallurgy Combine Corp., Duferco International Trading Co. Ltd., and Kundax AG.
January 2005	Contract on reconstruction of Coking Battery #3 was concluded between Dunaferr and a Donbass Group member Azovimpex Ltd. this contract covers a 7 million EURO investment.
April 2005	New management at Dunaferr Dunaferr Rt General Assembly appointed Sushil Trikha to function as CEO
13 April 2005	To meet its commitments undertaken in privatization contract, Dunaferr Rt. has set up DONBASS-DUNAFERR Térségfejlesztő, Pályázatmenedzselő és Befektetési Rt. which is to contribute to raising funds to regional developments and projects by project consulting, tendering and optimally using development schemes and state aid programmes.
2005	In 2005, Dunaferr Rt. bought in most of its companies having majority ownership in; continuing company integration with this move.
December 2005	After CEO Sushil Trikha stepped down, Valeriy Naumenko becomes new CEO.
December 2005	As at balance sheet date 31st December 2005 Dunaferr Rt. sold its radiator business in Dunaferr Lemezalakító Kft. (DLA) and its shares in D-ÉG Rt.

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