Central bank official rates of banking metals as of July 12
One troy ounce=31.10 grams
National bank of Ukraine’s official rates as of 12/07/22
Source: National Bank of Ukraine
JSC “Lvov confectionery factory “Svitoch” (Lviv), controlled by Nestle and one of the largest manufacturers of confectionery products in Ukraine, will change its legal form of business from a joint-stock company (JSC) to a limited liability company (LLC).
The corresponding decision at the meeting on July 8 was made by the sole beneficiary owner of the enterprise – the company “Societte De Produit Nestle S.A.” (Societe Des Produits Nestle S.A.), according to the NCKBFR website on Tuesday.
“First of all, we want to assure you of the continuity and continuity of our business activities. We have no plans to stop such activities. On the contrary, the simplification of the company’s management system will lead to an improvement in the efficiency of such management,” the company said in a statement.
“Svitoch” clarified that all obligations assumed by it in accordance with the law and agreements with partners remain in force and will be fulfilled in full and within a certain period – either JSC “Lviv Confectionery Factory “Svitoch”, or its successor LLC “Lvivskaya confectionery factory “Svitoch”
Nestlé owns a 96.96% stake in the Svitoch confectionery. The Nestle group of companies in Ukraine also unites Nestle Ukraine LLC, Volynholding PrJSC (Torchin TM), Technocom LLC (Mivina TM).
Svitoch received UAH 70.44 million in net profit in 2020, and its revenue amounted to UAH 2.56 billion.
Beer production in Ukraine (except non-alcoholic beer with an alcohol content of up to 0.5% vol.) in January-June 2022 decreased by 32% compared to the first half of 2021 – to 57.6 million dal.
As reported on the site of the industry organization of brewers “Ukrpyvo”, in the first half of 2022, the recovery of beer production is recorded after the fall in the first quarter, when this indicator decreased by 50% compared to January-March – from 34.1 million dal to 17.1 million dal
In the future, the production of beer in the country was restored – according to the results of four months of this year, the decline was 42.8% compared to the same period last year, in May – 36.4%, in June – 32%.
According to “Ukrpiva”, malt production in the first half of 2022 decreased by 50.6% compared to January-June 2021 – to 55.1 thousand. tons, while according to the results of the first quarter of 2022, its production decreased by 40.8%.
As reported, Ukraine produced 5% less beer in 2021 compared to 2020 – 170.5 million dal, and in 2020 its production decreased by 0.4% compared to 2019 – to 179.7 million dal.
Malt production in 2021 amounted to 218.5 thousand tons, which is 19.5% less than in 2020. At the same time, in the year before last, its production decreased by 18% compared to 2019, to 275 thousand. tons
Ukrainian agricultural holding KSG Agro and pasta producer Makarony Polskie (Rzeszów, Poland) signed a letter of intent to establish cooperation in the field of trade in vegetable oil and grain, as well as cooperation in other areas of agricultural production.
Information about the conclusion of the relevant protocol was made public on the Warsaw Stock Exchange on Monday evening.
According to the announcement, the parties intend to arrange the import of rapeseed and sunflower oil from Ukraine for their processing and sale in Poland and third countries.
It is clarified that the letter of intent is not a binding agreement, but only expresses the desire to start negotiations on mutual cooperation of the parties.
According to the website of the Polish company, Makarony Polskie is one of the largest manufacturers of pasta in the country. The company has production plants in Rzeszów and Częstochowa.
Its products are offered under the brands Makarony Polskie, Sorenti and Abak.
The vertically integrated holding KSG Agro is engaged in pig breeding, as well as production, storage, processing and sales of grain and oil crops. His land bank is about 21 thousand. ha in Dnipropetrovsk and Kherson regions.
According to the agricultural holding, it is among the top 5 pork producers in Ukraine.
In 2021, KSG Agro increased net profit 16 times compared to 2020 – to $20.27 million, revenue – by 44%, to $30.75 million, while doubling EBITDA – to $12.28 million.
Westinghouse Electric Company and NAEK “Energoatom” signed a contract for the development of an updated feasibility study for the construction of two AP1000 units at the Khmelnytsky NPP in Ukraine.
“In accordance with the agreement, Westinghouse will provide technical information on the AP1000 installation in support of Energoatom’s updated feasibility study for the construction of two AP1000 reactors at the Khmelnytskyi NPP,” the American company said in a press release.
These efforts advance the previously signed agreement between the companies on the construction of AP1000 units at units #5 and #6 of the Khmelnytsky NPP, the beginning of the licensing process, and the further development of Ukraine’s initiatives in the field of clean energy.
“This is an important step for Ukraine’s energy independence. We are ready to provide our technologies and equipment for the AP1000 plant in Ukraine, and we are constantly inspired by the unwavering determination and resilience of our strategic partners,” noted David Durham, president of Westinghouse Energy Systems.
As reported, in September 2021, Energoatom and Westinghouse signed a memorandum on the construction of five NPP power units in Ukraine. In early June 2022, the companies signed agreements to increase the number of nuclear power units that will be built using AP 1000 technology in Ukraine from five to nine units, and to create a Westinghouse engineering and technical center in the country.
“Energoatom” is the operator of all four operating nuclear power plants of Ukraine. It operates the Zaporizhia, South-Ukrainian, Rivne and Khmelnytskyi stations with 15 power units equipped with water-hydrogen power reactors with a total installed electrical capacity of 13.8 GW.
