Business news from Ukraine

Business news from Ukraine

Ukraine cuts steel output by 12-16%

In January-October this year, Ukrainian steelmakers cut production of total rolled products by 13% year-on-year to 4.365 million tons, according to preliminary data.

According to Ukrmetallurgprom, steel production decreased by 11.7% year-on-year to 5.162 million tons in the first ten months of this year, down to 5.7 million tons in January-October 2022.

Pig iron production during this period decreased by 15.6% to 4.906 million tons.

As reported, in 9M2023, Ukraine reduced production of total rolled products by 17% year-on-year to 3.929 million tons, steel by 16.9% to 4.590 million tons, and pig iron by 19.5% to 4.394 million tons.

In 2022, the country’s steelmaking companies reduced production of total rolled products by 72% year-on-year to 5.350 million tons, steel by 70.7% to 6.263 million tons, and pig iron by 69.8% to 6.391 million tons.

In 2021, the company produced 21.165 million tons of pig iron (103.6% compared to 2020), 21.366 million tons of steel (103.6%), and 19.079 million tons of rolled products (103.5%).

Ukraine cuts exports of semi-finished steel products in tons by 40%

In January-October this year, Ukraine reduced exports of carbon steel semi-finished products in physical terms by 40.4% year-on-year to 1 million 34,588 thousand tons.

According to the statistics released by the State Customs Service (SCS), exports of semi-finished carbon steel products amounted to $529.584 million in monetary terms over the period (down 51.6%).

The main exports were made to Bulgaria (35.42% of supplies in monetary terms), Poland (23.85%) and Italy (9.97%).

In January-October, Ukraine imported 92 tons of semi-finished products from China worth $169 thousand, while in September-October, no imports were made.

As reported, in 2022, Ukraine decreased exports of carbon steel semi-finished products in physical terms by 72% compared to the previous year, to 1 million 899.729 thousand tons, and in monetary terms by 70.9%, to $1 billion 191.279 million. The main exports were made to Bulgaria (26.55% of supplies in monetary terms), Poland (13.97%) and Italy (12.13%).

In addition, Ukraine imported 5,558 thousand tons of similar products in 2022, which is 85.7% less than in 2021. In monetary terms, imports decreased by 86% to $3.634 million. Imports were carried out from the Russian Federation (96.92% of supplies before the war), China (1.84%), and Romania (1.21%).

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Ukraine cuts titanium ore exports by 96.3%, revenues by 85%

In January-October this year, Ukraine reduced exports of titanium ores and concentrate in physical terms by 96.3% year-on-year to 10.170 thousand tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, exports of titanium ores and concentrate decreased by 84.7% to $16.983 million in monetary terms.

The main exports were to Turkey (36.92% of supplies in monetary terms), Japan (18.90%) and the Netherlands (6.04%).

During the period, Ukraine imported 1 ton of such ore from the Netherlands for $2 thousand.

As reported, in 2022, Ukraine reduced exports of titanium ore and concentrate in physical terms by 41.8% compared to the previous year to 322.143 thousand tons, and in monetary terms by 19.6% to $130.144 million. At the same time, the main exports were made to the Czech Republic (47.91% of supplies in monetary terms), the United States (11.94%) and Romania (9.75%).

In 2022, Ukraine imported 196 tons of similar products from Senegal (70.41%) and Turkey (29.59%) for $115 thousand.

In Ukraine, titanium ores are currently mined mainly by the United Mining and Chemical Company (UMCC), which manages Vilnohirsk Mining and Metallurgical Plant (VGMK, Dnipro region) and Irshansk Mining and Metallurgical Plant (Irshansk, Dnipro region). ) and Irshansk Mining and Processing Plant (IGOK, Zhytomyr region), as well as Mezhirichinsky GOK and Valky Ilmenite (both based in Irshansk, Zhytomyr region).

In addition, Velta (Dnipro) has built a mining and processing plant at Birzulivske deposit with a capacity of 240 thousand tons of ilmenite concentrate per year.

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Ukraine cuts coke imports by 20%

In January-October this year, Ukraine reduced imports of coke and semi-coke in physical terms by 20% compared to the same period last year, to 268,550 thousand tons.

According to statistics released by the State Customs Service (SCS) on Wednesday, coke imports in monetary terms decreased by 36.7% to $105.546 million during this period.

Ukraine exported 3.324 thousand tons of coke in 10 months of 2023, down 10.1% year-on-year. In monetary terms, it decreased by 21.6% to $774 thousand.

Exports were carried out to Moldova (100% of supplies in monetary terms), while imports were mainly from Poland (87.60%), Colombia (9.48%) and the Czech Republic (2.12%).

As reported, in 2022, Ukraine reduced exports of coke and semi-coke in physical terms by 98% compared to the previous year – to 3,856 thousand tons, and in monetary terms by 97.6% – to $1,011 million. The main exports were made to Hungary (42.63% of supplies in monetary terms), Georgia (37.69%) and Turkey (17.41%).

In 2022, Ukraine imported 359.192 thousand tons of coke and semi-coke, which is 54.5% less than in 2021. In monetary terms, imports decreased by 50.3% to $174.499 million. Imports were carried out mainly from the Russian Federation (43.43% of supplies in monetary terms, before the war), Poland (30.07%) and the Czech Republic (13.15%).

As a result of the war, a number of mines and coke plants are located in the territories temporarily not controlled by Ukraine.

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Yevhen Koshevoy to hold charity auction at Winemaker’s Day festival at River Mall

A charity auction will be held as part of the first all-Ukrainian festival “Winemaker’s Day”. Among the lots you will find exquisite varieties that impress with their quality and unique taste. The highlight of the auction will be the best collection wines of Crimea.

All proceeds from the auction will be donated to the mobile hospital and other charitable projects. Thus, you will have the opportunity not only to enjoy high quality wines, but also to contribute to a noble cause.

The event will be hosted by actor and TV presenter Yevgeny Koshevoy, who guarantees a unique holiday atmosphere.

The festival will take place on November 11-12 at the address: Kyiv, Dniprovska embankment, 12, RIVER MALL, food court area on the 3rd floor. The beginning is at 14:00. The ticket you purchased is valid for two days – both on Saturday and Sunday!

We support the Ukrainian manufacturer!

Event organizers: Public Union “UKRSADVINPROM”, Club of Experts, All-Ukrainian Association of Winemakers and Sommeliers.

The event is supported by the Ministry of Agrarian Policy and Food of Ukraine and the Charitable Foundation “HELP FOR UKRAINE”.

Cheese partner – TM Zinka, bread partner – TM Tsar Khlib.

You can buy tickets on the website

At the Winemaker’s Day festival, you have a great opportunity to taste and buy unique Ukrainian wines and discover exquisite flavors of wine from different parts of Ukraine.

The following Ukrainian wineries will take part in the festival:

– Zelenytsy winery “Zelenytsy Family Winery”;
– Gigineishvili Wine House;
– Slyvyno Winery, a private enterprise;
– Dnipro hills (Stoic Ukrainian winery);
– WINEIDEA;
– Tiras Vaineri LLC;
– 46 Parallel;
– Uman Winery of Igor Maksymenko;
– Father’s wine VB;
– Villa Tinta;
– Institute of Horticulture of the National Academy of Agrarian Sciences of Ukraine;
– Kulinichenko winery;
– Wines of the Silver Land;
– National Research Center “Tairov Institute of Viticulture and Winemaking” of the National Academy of Agrarian Sciences of Ukraine.

The festival will be held on November 11-12 at the address: Kyiv, Dniprovska embankment, 12, RIVER MALL, food court area on the 3rd floor. The beginning is at 14:00. Your purchased ticket is valid for two days – both on Saturday and Sunday!

Open4business is a media partner

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Kormotech invests EUR60 mln to expand its production in Lithuania

Kormotech, a leading Ukrainian manufacturer of cat and dog food, will expand its production in Kėdainiai, Lithuania, investing more than EUR60 million in four production stages to be commissioned in 2025-2028, the company’s press service told Interfax-Ukraine.

“Lithuania is now our window to the world. Our plant in Kėdainiai has become a reliable support for us – it always operates at 100% capacity, while in Ukraine we have to take into account the risks of shutdowns due to the war. We aim to further expand our capacity in Lithuania by building four additional production lines by 2028,” said Rostyslav Vovk, CEO and co-owner of Kormotech.

Kormotech launched its first foreign plant in Kėdainiai, Lithuania, in 2020. Currently, more than 170 specialists from Ukraine and Lithuania work at the wet feed production facility with a capacity of more than 20 thousand tons per year.

“Our successful experience of building and operating in Lithuania, favorable conditions in the free economic zone, support from Invest Lithuania and our well-established network of partners and suppliers led us to the decision to expand the enterprise,” emphasized Vovk.

Kormotech plans to launch the first new production line by 2025, adding a line each year until the four production lines are fully operational in 2028. As the expansion project progresses, the company will be interested in finding qualified engineers, technologists, and other highly specialized professionals in both Ukraine and Lithuania. With the new expansion project, Kormotech will double its current workforce in Lithuania, adding 200 new jobs in five years.

According to Elius Civilis, Director General of Invest Lithuania, the Lithuanian state agency, Kormotech’s expansion shows that Lithuania is open to foreign investors and creates truly favorable conditions for them.

“In Kėdainiai, Kormotech has built a modern, highly automated plant employing local specialists of various competencies. The company’s decision to expand its facilities and double the team size demonstrates the quality of both the local business infrastructure and talent,” emphasized Chivilis.

In Ukraine, Kormotech is constantly expanding its production capacity. During 2022-2023, the company invested about $14 million to modernize dry feed production and expand wet feed production by almost 70%.

“We plan to build new production facilities in Ukraine immediately after the war ends,” said Vovk.

Kormotech is a global family-owned company with Ukrainian roots that has been producing high-quality cat and dog food under the Optimeal, CLUB 4 PAWS, Woof, Meow! The company has production facilities in Ukraine and the EU. The product range includes more than 650 items.

The company is among the TOP-60 global pet food manufacturers and TOP-20 most dynamic pet food brands. Kormotech sells products of its own brands and those of its partners in 40 countries.

Currently, the company employs about 1300 people in five countries – Ukraine, Lithuania, Poland, Romania, and the United States.

Invest Lithuania is a non-profit agency under the Ministry of Economy of the Republic of Lithuania. Its mission is to attract foreign investment. It serves as a point of contact for foreign companies and accompanies international business at every stage of the process of starting a business in Lithuania, providing information on recruitment, tax benefits and financing options.

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