Business news from Ukraine

Business news from Ukraine

VALLOUREC PREPARES PROJECT FOR PIPE PRODUCTION FOR EU

The international vertically integrated pipe and wheel company Interpipe and the world leader in the production of premium pipe products Vallourec (France) have terminated the implementation of a partnership project for the joint production of steel pipes for the European market due to restrictions on this market.
The company’s presentation on the results of work for January-September 2021 states: the project with Vallourec has been completed.
The Interpipe press service confirmed the termination of the joint venture’s activities to Interfax-Ukraine.
“Indeed, there is such a phrase in the presentation… Interpipe has terminated cooperation with Vallourec within the framework of a joint venture established in April 2018 for the production of line pipes with their subsequent sale in the EU market,” the press service told Interfax-Ukraine.
As explained, Interpipe was forced to make the decision due to the impossibility of fully utilizing the capacities of this joint venture due to the preservation of quotas and duties on Ukrainian pipe products in the European market.
“At the moment, Interpipe and Vallourec no longer produce and sell pipe products in the EU market under the JV. Since October, line pipes in the European market have been sold under the Interpipe brand, as it was before the joint venture was established,” the company said.

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BEER PRODUCTION IS DOWN BY 6%

Production of beer (except for non-alcoholic beer with an alcohol content of up to 0.5% ABV) in Ukraine decreased by 6.1% in January-November 2021 compared to the same period in 2020, to 156.6 million decaliters, according to the website of the brewers association Ukrpyvo.
At the same time, during the specified period, malt production decreased by 19.6%, to 195,580 tonnes.

UKRAINE MAKES 1.25 MLN TONNES OF SUGAR

Sugar production in Ukraine as of December 17 amounted to 1.25 million tonnes (more by 110,000 tonnes for the period on December 3-17), in general, 8.87 million tonnes of sugar beet (more by 720,000 tonnes) were processed, according to the website of the Ukrtsukor National Association of Sugar Producers.
According to the data on the website of the Ministry of Agrarian Policy and Food, as of December 17, Ukrainian agrarians harvested 10.53 million tonnes of sugar beet (98.8% of the forecast) with a yield of 469.7 centners/ha.
Thus, at the moment, 84.2% of the sugar beet harvested in the current season has been processed.

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UKRAINE TO RECEIVES 50 AIRBUS HELICOPTERS

Ukraine will receive 50 Airbus helicopters in 2022, Interior Minister Denys Monastyrsky has said.
“Next year there are very ambitious plans for high-quality equipment and a status of the largest aircraft fleet in Europe. So, we will receive 50 modern French-made Airbus Helicopters,” Monastyrsky wrote on his Facebook page.
He noted that they will build a Situation Monitoring Center, which will analyze satellite thermal images and help eliminate wildfires at an early stage.
According to the minister, all this equipment will ensure the implementation of two important projects – Single Aeromedical Space and European Fire Safety Hub.
Monastyrsky explained that Single Aeromedical Space will allow Ukraine to be covered with helicopter bases for air evacuation and transportation of donor biomaterials. The European Fire Safety Hub will help prevent up to 90% of wildfires through the use of fire-fighting aircraft manufactured by Antonov State Enterprise.

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