Business news from Ukraine

Business news from Ukraine

PRESIDENT ZELENSKY: THERE IS PROGRESS IN NEGOTIATIONS ON GRAIN EXPORTS IN TURKEY

President of Ukraine Volodymyr Zelensky noted “certain progress in the negotiations in Turkey on the restoration of food exports from Ukraine through the Black Sea.
“We are indeed making significant efforts to restore food supplies to the global market. I am grateful to the UN and Turkey for their respective efforts,” he said Wednesday evening in a traditional video message.
“The success of this story is needed not only by our state, but, without exaggeration, by the whole world. If the Russian threat to shipping in the Black Sea is removed, this will alleviate the severity of the global food crisis,” Zelensky said.
“The Ukrainian delegation reported to me that there is some progress. In the coming days, we will discuss the details with the UN Secretary General,” he said in conclusion.

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ZAPORIZHSTAL IMPROVES QUALITY OF PRODUCTS DUE TO TECHNOLOGY IMPROVEMENT, TO REDUCE DEFECTS BY 15-30%

Zaporizhstal is improving the quality of its metal products due to the improvement of the production process technology.
According to the enterprise, in particular, new conditions have been established in the steelmaking shop for the steelmaking technology. In June, metallurgists began smelting metal on their own carbon, which makes it possible to stabilize metal in molds, as well as reduce the risks of producing metal with increased oxidation in molds. In turn, this will also save on deoxidizers fed into the ladle.
“We found out that this is what has a direct impact on whether we get certain types of defects when rolling metal. We conducted several test melts of steel and decided to apply this technology to some steel grades,” Andriy Riaznov, head of the technical control department, explained.
The use of this steelmaking technology has led to a significant reduction in the formation of defects. This decision is expected to lead to a reduction in the number of nonconforming products by approximately 15-30%.
“So far, we have just started working on this technology, but we are already seeing a positive result. According to preliminary data, the number of nonconforming products was reduced by 15% in June,” Riaznov said.
Zaporizhstal is one of the largest industrial enterprises in Ukraine, the products of which are in great demand among consumers in the internal market and in many countries of the world. The plant specializes in high quality hot-rolled steel, hot-rolled sheet, cold-rolled sheet, cold-rolled coil of carbon and low-alloy steels, as well as steel tape, black sheet, and a bent profile.

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UKRAINIAN “NAFTOGAZ” CREATES SUBSIDIARY IN SLOVAKIA

In May 2022, NJSC Naftogaz of Ukraine created the company Naftogaz Slovakia s.r.o., according to data from the open registers of the republic,
The authorized capital in the amount of EUR300 thousand is provided by another subsidiary of NJSC – Naftogaz Trading Europe AG (Switzerland). Vladimir Tomash, an Ivano-Frankivsk businessman, is listed as the head of the Slovak enterprise.
The company’s initial activity was the rental of real estate, and since mid-June, administrative services, mediation in the field of trade and production, advertising, marketing and consulting services, as well as market and public opinion research have been added.
Naftogaz of Ukraine unites the largest oil and gas producing enterprises of the country (100% of Ukrgazvydobuvannya and 50% + 1 share of PJSC Ukrnafta). The Group has a monopoly on the storage of natural gas in underground storage facilities (100% Ukrtransgaz) and the transportation of oil by pipeline across the country (100% Ukrtransnafta), and is actively developing the direction of gas supplies to household consumers.

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UKRAINIAN AND TURKISH REPRESENTATIVES TO TALK ON NAVIGATION IN BLACK SEA IN ISTANBUL

On Wednesday in Istanbul, at the negotiations on navigation in the Black Sea, a meeting of Ukrainian and Turkish representatives will first take place, and then an expanded meeting between Ukraine, Turkey, the UN and Russia. This was announced by Head of the President’s Office of Ukraine Andriy Yermak in a Telegram channel.
“Unblocking Ukrainian ports is one of the key components of global food security. We need to do this as soon as possible. We believe that the issue of unblocking Ukrainian grain exports should be resolved under the auspices of the UN. Secretary General António Guterres is involved in this process, we are grateful to him for this,” Yermak said.
He said “the strong position of our military in the Black Sea will allow the return of safe navigation of ships, which is also important for ensuring the protection of national and regional security. This is a priority for Ukraine. This will restore the export of Ukrainian grain and ensure the food security of the world.”
According to him, a round of negotiations on navigation in the Black Sea will be held tomorrow in Istanbul. “A meeting of Ukrainian and Turkish representatives is planned there. After that, an expanded meeting will be held between Ukraine, Turkey, the UN and Russia, at which the issues of the functioning of sea corridors for grain exports should be discussed. For Ukraine, the issue of security is a key one. I will tell you the details in due course,” the head of the President’s Office said.

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UKRAINE CUTS OUTPUT OF METAL PRODUCTS BY ALMOST 60% IN H1 2022 DUE TO RUSSIAN AGGRESSION

Ukrainian metallurgical enterprises in January-June this year reduced production of general rolled products, according to recent data, by 58.4% compared to the same period last year, to 4.018 million tonnes.
According to the Ukrmetalurgprom association, for the first six months of the year, steel production decreased by 58.2%, to 4.539 million tonnes, and cast iron by 57.9%, to 4.538 million tonnes.
Earlier, Ukrmetalurgprom reported that Ukraine in January-May of this year reduced production of general rolled products by 52.7%, to 3.789 million tonnes, steel by 52.8%, to 4.244 million tonnes, and cast iron by 53.3%, to 4.154 million tonnes.
In the first quarter of this year, the country reduced production of general rolled products by 34.2%, to 3.116 million tonnes, steel by 31.2%, to 3.641 million tonnes, and cast iron by 34.1%, to 3.499 million tonnes.
It was also reported that Ukraine, as of February 24, 2022 (the beginning of Russian military aggression), over less than two months of this year, reduced production of general rolled products by 9.2% compared to the same period last year, to 2.859 million tonnes, steel 8.2%, to 3.225 million tonnes, and cast iron by 10.7%, to 3.132 million tonnes.
Then it was explained that in connection with Russian military aggression, all the country’s metal enterprises were stopped and transferred to the “hot conservation” mode.

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FRENCH COMPANY WILL GIVE UKRAINE 36 EASILY ASSEMBLED BRIDGES

The French company Matiere will hand over 36 lightweight bridges to Ukraine, Ukrainian Foreign Minister Dmytro Kuleba said.

“Together with the French government and the federation of French industrialists MEDEF, we have agreed to transfer to Ukraine 36 easily assembled bridges from 23 to 46 meters long from the Matiere campaign. These structures can quickly replace the destroyed Ukrainian bridges, and subsequently replace them on a permanent basis,” Kuleba said on online briefing on Wednesday.

According to him, the French company Matiere has many years of experience in the rapid deployment of bridge crossings for road and rail transport, especially in countries where the war has destroyed infrastructure.

“Already on July 25, the company’s engineers will arrive in Ukraine and conduct a joint assessment mission with the engineers of Ukravtodor. Potentially, the company is considering the possibility of deploying the production of these bridge crossings in Ukraine,” Kuleba said.

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