Business news from Ukraine

Business news from Ukraine

Turkey’s Dalgakiran Kompresör has invested UAH 400 mln in plant near Kyiv

The Turkish company Dalgakiran Kompresör has invested UAH 400 million in the launch of a plant for the production of industrial power equipment in Bilohorodka (Kyiv region), according to a press release from Dalgakiran Compressor Ukraine LLC.
The construction project was started before the start of Russia’s large-scale aggression, and now, thanks to investments from the Turkish side, it has been completed. The investment in the production site and office will create 50 new jobs.
The office and new production facility in Ukraine will contribute to the development of enterprises in all industries, enabling them to continue their business activities, save money and resources,” said Vyacheslav Dinkov, director of Dalgakiran Compressor Ukraine, as quoted by the press service.
According to him, the plans include further development and localization of production, development and supply of new equipment to restore energy and industrial production in Ukraine.
In turn, Dalgakiran Kompresör Chairman of the Board Adnan Dalgakiran noted that scaling up business in Ukraine is a contribution to supporting the country’s economy and energy sector in difficult times. “In the face of a power outage, our equipment can ensure the continuity of business processes and production, enable businesses to continue to operate, pay taxes and provide jobs to Ukrainians,” he said.
“Dalgakiran Compressor Ukraine is a representative office of the Turkish Dalgakiran company specializing in the production and maintenance of generator and compressor equipment, cooling systems and industrial pumps.
The Ukrainian representative office sells the equipment and improves it to meet the needs of national consumers. Azov equipment is manufactured in Turkey, where a full cycle of quality control has been introduced and the company has its own design office.
The company has been operating in Ukraine for 19 years. It has representative offices in 11 cities and more than 70 of its own mobile service teams.

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Lviv-based Cardboard and Paper Company maintains slight decline in production

Lviv-based Cardboard and Paper Company LLC, a major Ukrainian producer of cardboard tubes, produced products worth UAH 602.8 million in January-June 2024, down 5.6% from the same period in 2023.
According to UkrPapir Association statistics provided to Interfax-Ukraine, the company reduced its output of cardboard products by almost 12% in physical terms, to 11.6 thousand tons, while it increased its production of paper base for sanitary products by 21%, to 4.3 thousand tons.
Production of toilet paper in rolls decreased by 11.3% to 2.5 million units.
LLC Cardboard and Paper Company produces products and semi-finished products from waste cardboard (cardboard sheets, corners, sleeves), cellulose and recycled waste paper (toilet paper, towels, napkins under Papero brand).
The company supplies its products, in particular, to the EU countries.
Among its customers are Biosphere, Arterium, Nestle, Khlibprom, Yarych confectionery, and Galychyna dairy company.
As reported, in 2023, the company increased its production by 7% compared to 2022, to UAH 1.27 billion.

Agrarians harvested 15.7 mln tons of crops in 2024

Farmers in all regions of Ukraine have already harvested 15.7 million tons of new crops from 4.403 million hectares, the press service of the Ministry of Agrarian Policy and Food reported on Friday.
According to the press service, 10.3 million tons of wheat were harvested from 2.626 million hectares at a yield of 39.4 c/ha, 3.1 million tons of barley from 824.2 thousand hectares at a yield of 37.4 c/ha, 319.3 thousand tons of peas from 154.7 thousand hectares at a yield of 20.6 c/ha.
Ukraine also continues to harvest oilseeds. In particular, 1.8 mln tons of rapeseed have been harvested from 779.1 thou hectares with a yield of 23.5 c/ha and 0.3 thou tons of soybeans from 0.2 thou hectares with a yield of 19.3 c/ha.
Farmers of Kherson region started harvesting millet, which was harvested in the amount of 80 tons from 50 hectares.
At the same time, the TOP-3 in terms of grain harvesting rates includes farmers of Odesa region – 629.4 thou hectares, Dnipropetrovska – 544.2 thou hectares, Mykolaivska – 527.5 thou hectares. Ivano-Frankivsk region is the leader in terms of yield with 65.1 c/ha.

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Ukraine exported $181,000 worth of tin and tin products in first half of year

According to customs statistics released by the State Customs Service of Ukraine, exports of tin and tin products amounted to $181 thousand ($35 thousand in June) against $52 thousand in the same period a year earlier.
As reported, Ukraine in 2023 reduced imports of lead and lead products by 65.2% to $989 thousand, imports of tin and tin products – by 23% to $2.728 million. Exports of tin and tin products amounted to $159 thousand against $424 thousand for 2022.
Tin is often used as a protective coating.
Tin is used primarily as a safe, corrosion-resistant coating in pure form or in alloys with other metals. The main industrial uses of tin are in white tinplate (tin-plated iron) for food containers, in solder for electronics, in house piping, in bearing alloys, and in coatings made from tin and its alloys. The most important tin alloy is bronze (with copper).

Ukraine exported $54 mln worth of aluminum and aluminum products in first half of year

According to customs statistics released by the State Customs Service of Ukraine, exports of aluminum and aluminum products in the first six months of 2024 increased by 12.8% year-on-year to $54.175 million ($10.383 million in June).
In 2023, Ukraine increased imports of aluminum and aluminum products by 7.7% to $366.463 million.
Last year, exports of aluminum and aluminum products increased by 0.7% compared to 2022 to $97.616 million. In addition, in 2022, Ukraine reduced imports of aluminum and aluminum products by 33.4% to $340.398 million.
In 2022, exports of aluminum and aluminum products decreased by 42.7% compared to 2021, to $96.972 million.
Aluminum is widely used as a structural material. The main advantages of aluminum in this capacity are its lightness, stamping resistance, corrosion resistance, high thermal conductivity, and non-toxicity of its compounds. In particular, these properties have made aluminum extremely popular in the production of cookware, aluminum foil in the food industry, and packaging. The first three properties have made aluminum the main raw material in the aviation and aerospace industries (recently it has been replaced by composite materials, primarily carbon fiber). After the construction and production of packaging, such as aluminum cans and foil, the energy sector is the largest consumer of the metal.

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Zelensky spoke with Trump on phone

On Saturday night, President of Ukraine Volodymyr Zelenskyy had a phone conversation with US presidential candidate Donald Trump.
“I spoke with Donald Trump to congratulate him on his nomination from the Republican Party and to condemn the shocking attempted attack on him in Pennsylvania. I wished him strength and absolute security in the future,” Zelensky wrote on his social network X (Twitter).
During the conversation, according to the President of Ukraine, he emphasized America’s vital bipartisan and bicameral support in defending Ukraine’s freedom and independence.
He also emphasized that Ukraine will always be grateful to the United States for its assistance in strengthening its defense capabilities in countering Russian terror, as Russia’s attacks on Ukrainian cities and villages continue daily.
“We have agreed with President Trump to discuss in person what steps can make peace just and truly lasting,” Zelenskyy summarized.

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