Business news from Ukraine

AGROMARS PLANS TO BUILD FLOTATION SLUDGE RECYCLING PLANT

Agromars Complex LLC (Kyiv region) plans to build a flotation sludge recycling plant.
“The second project being considered by Agromars Complex is construction of a flotation sludge recycling plant. Flotation sludge appears after purification of water used in slaughtering houses and extra sludge from biological treatment facilities,” the company said on its website. In particular, Agromars is interested in a project of Dutch Mavitec.
The flotation sludge recycling plant and the chicken manure recycling plant will generate electricity using a gasification method. It would be able to generate 1.1 MWh of heat and organic fertilizers.
“We have a plant producing biological additive from animal byproducts. When we build two more plants, we would complete the chain for treating any waste. This would allow solving all environmental issues as it is done in Europe,” Deputy Technical Director Oleksandr Surmach said.

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STATE-OWNED UKRSPECEXPORT HAS 2.3-FOLD RISE IN NET PROFIT

State-owned company Ukrspecexport in January-June 2018 saw a 2.3-fold rise in net profit under Ukrainian accounting standards (129.9%) year-over-year, to UAH 158.34 million. According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market, its net revenue in H1 2018 grew by 24.83%, to UAH 773.12 million.
In January-March 2018, Ukrspecexport increased net profit by 69.26%, to UAH 64.38 million and net revenue – by 7.86%, to UAH 364.13 million.
Ukrspecexport is an authorized state intermediary in carrying out foreign economic activities in the sphere of exports and imports of goods and services that are subject to export control.
Since December 2010, under the government’s decision Ukrspecexport and its subsidiaries have joined the Ukroboronprom State Concern.