Ukrainian businessman Sergiy Tigipko’s Dnipro-based Dneprometiz-TAS LLC plans to build a new hot-dip galvanizing line for steel wire worth $4 million, the company presented the project at the Ukraine Recovery Conference (URC2025) held in Rome on July 10-12.
According to the company’s information in the URC project catalog, the project involves the construction of a new hot-dip galvanizing line to improve operational efficiency and optimize energy consumption, and is a diversification of high-margin products through the production of high-quality thin (0.7-1.6 mm) and medium-diameter (1.8-5.0 mm) wire, including low-carbon, medium- and high-carbon steel grades.
The plant’s capacity is 24 thousand tons per year. New energy-saving equipment is used in the furnace and zinc bath. The project’s strengths include reduced production costs, increased space efficiency, increased production capacity, and strategic investments in the cable industry.
The target market is Europe, North America, and the Middle East.
The project is 100% ready for implementation: pre-project planning has been completed, infrastructure (workshop, power plant and other facilities) has been developed, detailed technical, production and market analyses have been performed, and wire semi-finished products are being produced.
The project will result in a change in the product mix from relatively low-margin fence wires to highly profitable products for the cable industry. The model focuses on efficiency through the gradual decommissioning of old lines to achieve an annual production capacity of 24 thousand tons with an average diameter of 1.6 mm.
The total project budget is $4 million, with $2 million to be raised. Expected financial indicators: net present value (NPV) – $1.5 million, revenue in 2030 – $1.4 million, EBITDA in 2030 – $0.9 million.
The project launch period is three years.
Until 2025, $0.1 million will be invested in the concept development, this year $1.5 million will be needed for design, $2 million in 2026, and $0.4 million for construction in 2027. The start of operation is scheduled for 2027.
It is added that cooperation has already been established with partners in the EU and potential customers in MENA and North America.
As reported, Dneprometiz-TAS increased its net profit by 20.8% year-on-year to UAH 8.936 million in the first half of 2025, while net income increased by 8% to UAH 1 billion 756.245 million.
“In 2024, Dneprometiz-TAS increased its net profit by 47.7% compared to 2023, to UAH 14.197 million from UAH 9.610 million, and net income by 22.7%, to UAH 3 billion 285.688 million. At the same time, the company’s retained earnings amounted to UAH 263.048 million at the end of 2024.
“Dneprometiz-TAS produces hardware products from low-carbon steels. The company’s capacity is 120 thousand tons of products per year.
It is owned by T.A.S. Overseas Investments Limited (Cyprus) owns 98.6578 percent of Dneprometiz LLC.
The authorized capital of Dneprometiz-TAS LLC is UAH 83.480 million.
Black Sabbath frontman Ozzy Osbourne has died, Sky News reports.
He was 76 years old.
A statement from his family said he died “surrounded by love.”
Three weeks ago, Osbourne played his farewell concert with Black Sabbath at a festival in Birmingham, UK (video). The band reunited for the first time in 20 years for this concert.
Six years ago, the musician was diagnosed with Parkinson’s disease.
Decree No. 529/2025 appointed Andriy Plakhotniuk Ambassador Extraordinary and Plenipotentiary of Ukraine to Canada and Permanent Representative to the International Civil Aviation Organization (ICAO).
Prior to this appointment, Mr. Plakhotniuk served as Ambassador Extraordinary and Plenipotentiary of Ukraine to Sweden since 2021. Previously, he worked in the Ministry of Foreign Affairs of Ukraine, in particular in the Department of International Organizations and embassies abroad.
He holds a PhD in Political Science and is fluent in several foreign languages. Andriy Plakhotniuk is known for his active position in promoting Ukraine’s Euro-Atlantic integration and strengthening bilateral cooperation in defense and high technology.
Diplomatic relations between Ukraine and Canada were established on January 27, 1992.
Ukraine has one of the largest Ukrainian embassies in the world in Canada, and more than 1.3 million Ukrainians and their descendants live in the country.
Ukrainian President Volodymyr Zelenskyy has signed Decree No. 518/2025 on the appointment of Oleksandr Voronin as Ukraine’s ambassador extraordinary and plenipotentiary to the People’s Democratic Republic of Algeria.
Official diplomatic relations between Ukraine and Algeria were established in 1992. The Ukrainian Embassy in Algeria has been active since the early 2000s, developing cooperation in trade, education and energy.
Alexander Voronin has experience in the diplomatic system of Ukraine.
President of Ukraine Volodymyr Zelenskyy has dismissed Mykola Doroshenko from the post of Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Uzbekistan by decree No. 506/2025.
At the moment the decree on appointment of a new ambassador to this post has not been published. Thus, the diplomatic mission of Ukraine in Tashkent temporarily remains without a head.
Diplomatic relations between Ukraine and Uzbekistan were established in 1992.
President of Ukraine Volodymyr Zelenskyy has signed Decree No. 523/2025 on the appointment of Andriy Kasyanov as Ambassador Extraordinary and Plenipotentiary of Ukraine to the Republic of Angola.
Prior to his appointment to Luanda, Andrii Kasyanov served as Charge d’Affaires of Ukraine in Germany. He is a career diplomat, having worked in the Department of International Organizations of the Ministry of Foreign Affairs of Ukraine, as well as in Ukrainian diplomatic missions in West Africa and Central Europe. He is known for his participation in negotiations on humanitarian and economic issues, as well as for projects to develop bilateral ties with the countries of the Global South.
Diplomatic relations between Ukraine and Angola were established in 1992. The Embassy of Ukraine in Angola was opened later as part of the strategy to expand Ukraine’s presence in Africa. Today, areas of cooperation include the agricultural sector, education, medical equipment, and participation in UN peacekeeping initiatives.
Kasyanov’s appointment demonstrates Kyiv’s intention to intensify ties with Angola, one of the largest economies on the African continent, and strengthen political dialogue, including through support for Ukraine on international platforms.
