On September 26, Boryspil International Airport (Kyiv) announced a tender for compulsory insurance of drivers against transport accidents.
According to the electronic public procurement system Prozorro, the expected price offer was UAH 43,972 thousand.
Applications for participation in the tender are accepted until October 4.
As reported, the winner of a similar tender a year earlier was Guardian Insurance Company.
Boryspil International Airport accounts for over 68% of Ukraine’s passenger air traffic and is the only Ukrainian airport that serves long-haul flights. More than 50 airlines operate regular flights from the airport to more than 100 routes around the world.
Oil prices continued to decline on Tuesday amid concerns about the global economy and high interest rates in the United States.
November futures for Brent on the London ICE Futures exchange by 14:47 by $0.75 (0.8%) to $92.54 per barrel.
Quotations for November futures for WTI in electronic trading on the New York Mercantile Exchange (NYMEX) by this time decreased by $0.77 (0.86%) to $88.91 per barrel.
Earlier in September, oil prices reached annual highs on the news that Saudi Arabia and Russia were extending voluntary production cuts.
However, last week, the Federal Reserve made it clear that interest rates could be raised again and could remain at high levels for a long time. In this regard, uncertainty about the outlook for oil demand has recently increased.
Meanwhile, “oil supply is expected to lag behind demand for the foreseeable future, and therefore periods of weakness in quotations, even severe weakness, are unlikely to last long,” wrote Tamas Varga, an analyst at PVM Oil Associates.
Douglas Lawler, head of Continental Resources, believes that oil prices could reach $120-150 per barrel, provided that production does not start to grow.
On Tuesday, the American Petroleum Institute (API) will publish data on the weekly dynamics of oil reserves in the country, and on Wednesday, the Ministry of Energy will present official statistics. Traders on average expect a reduction in oil reserves by 1.65 million barrels over the week, according to Trading Economics.
Centravis Production Ukraine, a part of Centravis Ltd. holding, will invest over EUR3.5 million in the company’s production and development this year.
According to the company’s press release on Tuesday, Oleksandr Hripas, Head of Technical Development at Centravis, said that in 2022, Centravis focused on adapting to work in a full-scale war.
“We managed to quickly rebuild and maintain a high level of production and exports. This year, the team decided to resume investments. In total, we plan to invest over EUR 3.5 million in the modernization and development of production facilities. Most of the investments have been utilized, and the work is ongoing,” he said.
He also clarified that the main areas of investment are energy modernization, primarily energy efficiency measures and reduction of electricity consumption.
The company is strengthening its capabilities to operate in the face of electricity supply restrictions. A process metering system has already been launched, and electricity consumption has been significantly reduced, by up to 30% in some production areas. The company is also working to ensure uninterrupted water supply after the Kakhovka hydroelectric power plant was blown up.
In addition, the company invests in environmental modernization and environmental impact reduction. Thus, the chemical pipe treatment area was reconstructed, a system of specialized software for monitoring chemical indicators was launched, and a water recycling system was set up at certain units of technological equipment.
Investments are also being made in the modernization of non-production infrastructure, which includes the repair of premises, roads, stormwater drainage, roofs, etc.
A separate investment project is the launch and development of a new production facility in Uzhhorod. The company is creating one of the leading centers for the production of tool pipes for cars in Zakarpattia. The company plans to purchase another rolling mill soon, the third one.
The press service reminds that the new facility started operating in February this year and has already reached a production volume of about 255 thousand meters of pipes per month, or more than 60 tons. The main customers are well-known global automakers, including Volkswagen, Audi, BMW, Chevrolet.
“There will be no development without investment. That is why we are looking for investment opportunities despite the difficult operating environment. At the end of the year, we will evaluate the entire scope of work and plan for 2024. It is important not to stop and to provide our customers with the appropriate level of quality and service,” said Yuriy Atanasov, CEO of Centravis, as quoted by the press service.
“Founded in 2000, Centravis is one of the ten largest producers of seamless stainless steel pipes in the world. Its main production facilities are located in Nikopol (Dnipropetrovska oblast), and in 2023, a branch of the company was opened in Uzhhorod.
The company employs over 1400 people.
The company’s supply geography exceeds 50 countries. Currently, Centravis has offices in the United States, Germany, Italy, Switzerland, Poland, and the United Arab Emirates. “Centravis cooperates with Benteler Automotive, Buhlmann Group, Webco – with various companies on different continents.
Centravis Ltd. holding was established on the basis of Nikopol Stainless Pipe Plant CJSC, service and trading companies of Production and Commercial Enterprise YUVIS LLC. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of the shares in Centravis Production Ukraine.
In January-August 2023, Zhydachiv Pulp and Paper Mill (ZhPPM, Lviv region) produced products worth UAH 359.5 million, up 7.8% year-on-year.
According to statistics provided to Interfax-Ukraine by UkrPapir Association, in physical terms, the company’s output of corrugated packaging increased by 18.8% to 15.2 million square meters, containerboard by 24.8% to 10.9 thousand tons, and paper by 7.4% to almost 3 thousand tons.
In particular, in August, the plant increased its paper and cardboard production by 6.3% to almost 2 thousand tons by August 2022, while corrugated packaging production remained at the same level as last year, up to 1.96 million square meters. Compared to July this year, paper and cardboard production increased by 16.5%, while corrugated packaging production remained almost unchanged.
Zhytomyr Pulp and Paper Mill has a paper production capacity (base paper for corrugation, linerboard, cover paper) of 43 thousand tons per year, cardboard production capacity of 50 thousand tons, corrugated cardboard and corrugated packaging capacity of 120 million square meters, and cast containers (tray for 30 eggs) capacity of 72 million units per year.
As reported with reference to the association’s data obtained from the main industry enterprises, in January-August 2023, they produced a total of 361.56 thousand tons of paper and cardboard (10.2% more), and 335.2 million square meters of cardboard boxes (+18.3%).
In 2022, Zhydachiv Pulp and Paper Mill produced goods worth UAH 510.8 million, up 23.1% year-on-year, and net profit increased by 67.5% to UAH 41.76 million.
The general conference of the International Atomic Energy Agency (IAEA) on September 25 supported the appointment of Rafael Grossi as the agency’s director general for the next four years, namely from the beginning of December 2023.
According to the board’s decision at the 67th session of the general conference in Vienna, the conference particularly recognized Grossi’s efforts to ensure nuclear safety in Ukraine.
“I am honored to have been appointed by unanimous decision of the board to serve another term in office, and I am very grateful for the trust that member countries continue to place in me as chairman of this truly remarkable organization,” Grossi said.
He said, “This comes at a time when we face many serious challenges, and I am fully committed to continuing to do everything in my power to fulfill the IAEA’s important mission in support of global peace and development.”
In January-August 2023, Ruta, a major Ukrainian manufacturer of sanitary and hygienic paper products, whose management company is VGP JSC (Lutsk), produced UAH 1 billion 086.4 million worth of products, which is 97.1% more than in the same period in 2022.
According to UkrPapir’s statistics provided to Interfax-Ukraine, the company has thus slightly accelerated the growth rate of production in monetary terms compared to the same period last year: in seven months, the figure was 96.7%, and in six months – 95.7%.
In terms of volume, the production of toilet paper in rolls increased 1.5 times, exceeding 89 million units, which is still the third best result in the industry after Kyiv Cardboard and Paper Mill (165 million units) and Kokhava Paper Mill (90.4 million units).
VGP’s brand portfolio includes napkins, toilet paper, paper handkerchiefs, and kitchen towels under the Ruta, Ruta Selecta, Fesko, Nosovic, Polotenechko, 100% paper, Servetta, and Ecolo brands. The assortment includes more than 189 items.
As reported with reference to Ukrpapir’s data, in 2022, VGP JSC produced products worth UAH 977.61 million, which is 2.8% more than a year earlier. At the same time, according to the company’s report, in physical terms (tons), production decreased by 27% due to the loss of some markets with the beginning of Russia’s military aggression in Ukraine.
Exports accounted for more than a quarter of sales in 2022. The paper used as the basis for production was purchased mainly from producers in Turkey and Romania.
