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Business news from the Ukrainian League of Industrialists and Entrepreneurs

ARCELORMITTAL KRYVYI RIH SPENDS UAH 141 MLN ON PURCHASE OF FIVE BELAZ TRUCKS TO INCREASE ORE EXTRACTION

KYIV. Sept 26 (Interfax-Ukraine) – PJSC ArcelorMittal Kryvyi Rih (Dnipropetrovsk region) has spent UAH 141.3 million on the purchase of five new BelAZ trucks with a carrying capacity of 130 tonnes.
According to a company press release, in addition to the delivery of the trucks, the contract includes the supply of spare parts for them and maintenance.
Automotive equipment for the mining department was purchased as part of the enterprise’s modernization program. New heavy-duty trucks will ensure delivery of ore from the second and third quarries.
According to ArcelorMittal Kryvyi Rih CEO Paramjit Kahlon, the company has ambitious plans to reach the extraction of 28-29 million tonnes of overburden, 10 million tonnes of iron ore concentrate per year.
According to him, the plant plans in 2017 to additionally purchase heavy-duty dump trucks for both ArcelorMittal Kryvy Rih and the combine in Kazakhstan.
“Modern equipment and introduction of advanced technologies increase the competitiveness of ArcelorMittal Kryvy Rih, strengthen leadership positions in the mining and metallurgical industry of Ukraine,” the company director stressed.

UBC GROUP INVESTMENTS IN FIRST STAGE OF REFRIGERATOR PLANT IN VINNYTSIA COME TO EUR 18 MLN

KYIV. Sept 26 (Interfax-Ukraine) – UBC Group (Kharkiv), a commercial and industrial holding working in the field of refrigeration equipment and promotional products, has invested EUR 18 million in the first stage of a refrigeration equipment plant in Vinnytsia.
“Now we are completing the construction and expect that the first stage of the plant will start producing test lots of top-opening freezers in December. The capacity of the first stage is 60,000 pieces per year, its budget is EUR 18 million,” UBC Group President Ihor Humenny said.
According to him, after the launch of the first stage, the company will begin construction of the second one.
“After the launch of the first stage, we plan to expand the facility from 20,000 square meters to 35,000 square meters. The second stage will produce refrigerators, its capacity will reach 150,000 units a year,” he said.
Capital investments in the second stage are estimated at about EUR 10-12 million.
UBC Group has three plants in Ukraine and offices in 26 countries. The group includes several divisions: UBC –°ool develops and manufactures refrigeration equipment for drinks and products, includes a plant in Derhachi (Kharkiv region), UBC Promo is engaged in development and production of promotional materials, UBC Engineering provides installation and commissioning services in food and processing industry, UBC Service renders services for reconstruction of professional refrigeration equipment, UBC Distribution sells UBC Group products and services, UBC Armature is engaged in design and installation of equipment and technical processes, distribution of industrial fittings and consumables.

CANADA’S TIU TO INVEST EUR94 MLN IN BUILDING FIVE SOLAR PLANTS IN UKRAINE

KYIV. Sept 26 (Interfax-Ukraine) – TIU (Canada) plans to invest EUR94 million in the construction of five solar power plants in Ukraine, the company’s press service has reported.
The company plans in autumn this year to complete the construction of the first station worth EUR14 million with a capacity of 10.5 MW in the territory of Nikopol Ferroalloys Plant. In spring 2018 TIU will begin the construction of four more facilities – three in Mykolaiv region and one in Kherson region.
As reported, TIU is owned by the Canadian investment company Refraction Asset Management (RAM).

TURBOATOM WILL SUPPLY EQUIPMENT WORTH UAH 92 MLN TO UKRHYDROENERGO IN 2017-2018

KYIV. Sept 26 (Interfax-Ukraine) – PJSC Ukrhydroenergo has signed a contract with PJSC Turboatom (Kharkiv) for the modernization, delivery and installation of equipment worth UAH 92 million.
According to a press release of Ukrhydroenergo, Turboatom will modernize hydro turbine equipment and will take part in the commissioning hydro unit No. 1 at Kakhovska hydro power plant.
The implementation of the contract is planned for 2017-2018.
The press release notes that Turboatom designed, manufactured and installed 99 hydro turbines at Ukrhydroenergo hydroelectric power stations, including three most powerful turbine pumps in Europe with a capacity of 410.23 MW for hydroelectric units Nos. 1-3 at Dnistrovska hydroelectric pumped storage power plant.
“With the aim of extending the service life by 30-40 years, increasing the capacity, electricity generation and operating reliability, Ukrhydroenergo continues to cooperate with Turboatom, implementing projects for the reconstruction of power units at hydroelectric power stations of the Dnipro and Dniester cascades,” the press service said citing Ukrhydroenergo CEO Ihor Syrota.
Turboatom is the only producer of turbine equipment for hydro, thermal and nuclear power plants in Ukraine. The geography of the company’s supplies covers 45 countries in Europe, Asia, America, and Africa. The state owns more than 75% of the company’s shares.