Business news from Ukraine

Business news from Ukraine

“Centravis” paid UAH 405 mln in taxes for 9 months

23 October , 2024  

Centravis Production Ukraine, a part of Centravis Ltd. holding, paid UAH 405 million to the budgets of all levels in January-September this year, which is approximately the same as in the same period.
“In terms of calendar days, our company pays about UAH 1.5 million in taxes every day. This is a significant amount and an important result of our entire team,” said Alexander Joseph, CFO of Centravis, as quoted in the company’s press release on Wednesday.
According to him, the company pays great attention to social responsibility and strives to support its employees working in difficult circumstances in frontline Nikopol. In particular, in 2024, the salary level was revised twice, which now averages UAH 27,912.
It is also recalled that in 2023, Centravis transferred UAH 0.56 billion to the budgets of all levels. Thus, the company is expected to pay approximately the same amount of taxes and fees in 2024 as in 2023.
As reported, Centravis increased its pipe production by 8% year-on-year to 10.18 thousand tons in 9M2024 (9.4 thousand tons in 9M2023). The share of exports in total production in 2024 reached 98.9%.
“In 2023, Centravis increased production by 12% to 12.2 thousand tons. More than 98% of its products are supplied to foreign markets. The company has exported its products to 38 countries, including Germany, Italy, the USA, Japan, South Korea, the UAE, Oman, and others.
Today, Centravis is one of the world’s ten largest producers of seamless stainless steel pipes.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast). In 2023, the company opened a branch in Uzhhorod.
Centravis Holding Ltd. was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.