Official rates of banking metals from national bank as of November 16
One troy ounce=31.10 grams
The metallurgical enterprises of Ukraine in January-October this year increased consumption of natural gas by 1% compared to the same period last year, to 1.55 billion cubic meters.
According to the information of the Ukrmetalurgprom association, electricity consumption by metallurgical enterprises during this period amounted to about 9.12 billion kWh (96% compared to January-October 2019).
As reported, Ukrainian metallurgical enterprises in 2019 reduced natural gas consumption by 2% compared to 2018, to 1.8 billion cubic meters. Electricity consumption
National Energy Company Ukrenergo began reconstruction of six substations in the western region of the country׃ Ivano-Frankivsk, Bohorodchany, Rivne and Kovel with a voltage of 330 kV, as well as Kalush and Boryslav with a voltage of 220 kV for the funds of the International Bank for Reconstruction and Development (IBRD) with a total of EUR 60 million.
According to the press service of Ukrenergo, the implementation of this project will enable to increase the reliability of the region’s transmission system, reduce technological losses of electricity and operating costs, transfer substations to automated work with the possibility of remote control from the main dispatch center.
“The reconstruction of these substations is financed by the International Bank for Reconstruction and Development within the framework of the Second Power Transmission Project. It should be noted that this is an additional component of the project, the implementation of which became possible due to significant savings achieved during the international public bidding for the basic volume of the project,” Investment Director of Ukrenergo Oleh Pavlenko said.
Reconstruction of six substations provides, in particular, the complete replacement of 330-110 kV switchgears at all substations, the installation of an automated process control system (APCS) for remote monitoring and control of substation equipment, the construction of new premises for relay protection of equipment and general control points of a substation.
As part of the work, contracts were signed with three foreign companies: Chinese-based Xian Electric Engineering Co. Ltd, the Turkish consortium Balikesir Elektromekanik Sanayi Tesisleri A.S. and BEST Elektrik Taahhut Ve Ticaret A.S., as well as with the Kazakh ASPMK-519.
The work is being carried out within the framework of a comprehensive substation automation program, which provides for the reconstruction of all Ukrenergo substations with the introduction of automated process control systems.
The program is aimed at improving the reliability of the power transmission system, creating a technical base for introducing smart grid technology in backbone networks, ensuring the level of reliability and security of the network in accordance with the ENTSO-E requirements.
At the first stage, 57 substations will be reconstructed by 2025, which are formed into nine investment packages. Four more investment packages provide for the reconstruction of 38 substations.
The Supreme Court of Ukraine supported the position of the Ukrainian State Air Traffic Services Enterprise (UkSATSE) to oblige Ukraine International Airlines (UIA) to conclude an agreement for the provision of air navigation services, which deprived the airline of the possibility of non-payment of debt for received services.
According to the press service of UkSATSE, on September 30, 2020, the Commercial Cassation Court within the Supreme Court of Ukraine refused to satisfy UIA’s cassation against the decision of the North (Pivnichny) Commercial Court of Appeal on the need to oblige the airline to conclude an agreement for the provision of air navigation services.
Earlier, the North Commercial Court of Appeal fully satisfied the appeal of UkSATSE against UIA on the settlement of disputes and the company’s obligation to conclude an appropriate agreement.
“Attempts of the debtor airline to appeal this decision to the Supreme Court today received a final decision, as a result of which it was declared the need to sign an agreement between Ukraine International Airlines and the Ukrainian State Air Traffic Services Enterprise for the provision of air navigation services and to determine a charging mechanism, which is standard for all Ukrainian airlines,” the company said.
As reported, the Economic Court of Kyiv region in August 2020 declared the absence of discriminatory terms of the UkSATSE service agreement in a dispute with UIA.
UIA filed a lawsuit against the discriminatory terms of the air navigation services agreement in the autumn of 2018.
KMZ Industries (Karlivka Machine Building Plant, Poltava region), a leading supplier of integrated solutions for grain storage and processing in Ukraine, in 2020 will provide Batkivschyna farm LLC (Chernihiv region) with transport equipment (conveyors and elevators) as part of the next expansion of the customer’s elevator capacity.
According to a press release from KMZ Industries, the agricultural enterprise with which the plant has been cooperating for the third year will be supplied with 13 chain conveyors with a total length of 300 meters and five bucket elevators with a capacity of 175 tonnes/hour with a total length of 198 meters.
According to the press service, in October of this year, KMZ Industries installed four grain storage silos for Batkivschyna out of the eight delivered by the plant back in 2017 with a total volume of 136,000 cubic meters of one-time storage (four more were installed at the end of 2019).
“This year Batkivschyna LLC has fixed a new record of wheat yield in our country at 10.1 tonnes/ha. And it will be stored in the silos of our production,” the press service said citing head of the regional office of KMZ Industries Vladyslav Perekhodko.
KMZ Industries manufactures silos on a flat base, with a conical bottom, silos for storing flour, Brice-Baker mine grain dryers (British design) and particle board (Ukrainian design), transport equipment (bucket elevators, chain, belt and screw conveyors), separators for grain cleaning, assembles and automates elevator equipment and technological processes at granaries.
The Cereal Planet Group, a leading producer of cereals in Ukraine, in January-September 2019 received EUR 156,000 in net profit in January-September 2020, which is 1.8 times more compared to the same period in 2019.
According to the financial statements of the Cereal Planet PLC (Cyprus) on the Warsaw Stock Exchange, its revenue increased by 34.4%, to EUR 17.31 million, and gross profit by 1.6 times, to EUR 4.35 million.
In July-September 2020, the company reduced its net profit by 41.2%, to EUR 37,000, compared to the third quarter of 2019, and increased its revenue by 7%, to EUR 4.35 million. At the same time, the gross profit of Cereal Planet in the indicated period of 2020 decreased by 2.7%, to EUR 930,000.
“Currency translation differences played negative role and in the third quarter 2020 were EUR minus 282,000, aggregated three quarters 2020 it was EUR minus 506,000,” the report says.
According to the report, in the third quarter 2020, the company increased cereal production by 23%, to 10,400 tonnes compared to the same period last year. The main reason for the growth was an increase in pea production by 41%, to 5,130 tonnes, buckwheat by 35%, to 2,900 tonnes, bulgur by 18%, to 1,740 tonnes.
In general, over the period, Cereal Planet increased cereal production by 51%, to 33,500 tonnes compared to January-September 2019. The growth was due to an increase in pea production by 122%, to 16,880 tonnes, buckwheat by 39%, to 6,980 tonnes, bulgur by 7%, to 4,580 tonnes, and millet by 24%, to 2,640 tonnes.
Cereal Planet produces weight grains for B2B under the OLIMP trademark for four product lines: Bulgur, Ridlana, Maifaina, Zlotokosica, and under the Lyuba Ferma trademark – food for animals. It exports cereals to more than 50 countries of the world (China, India, Germany, Italy, UAE, Poland, Turkey, etc.).
Cereal Planet achieved nowadays around 10% of the Ukrainian market.
The owners of the group are Anatoli and Oleksandr Vlasenko (33.54% and 29.93%, respectively), Olekasandr Slavhorodsky (29.93%), Ihor Dobruskin (5.5%).
Cereal Planet in 2019 received EUR 75,000 in net loss versus EUR 162,000 in net profit in 2018. In January-June 2020 it received EUR 247,000 in net profit versus EUR 26,000 for the same period in 2019.
