In 2024, the manufacturer of agricultural machinery and special vehicles, Fregat Plant JSC (Pervomaisk, Mykolaiv region), increased its net income from sales by 34.6% compared to 2023, to UAH 188.6 million.
According to the company’s financial report published in the information disclosure system of the National Securities and Stock Market Commission (NSSMC), its loss increased by 58% to UAH 60.4 million.
At the same time, the plant earned UAH 71.1 million in gross profit, up 44% year-on-year, and its operating profit increased 1.5 times to UAH 12.6 million.
As reported, in January-September 2024, the plant increased its loss by 5.4 times compared to the same period in 2023, to UAH 41.6 million, due to a 7.5-fold increase in expenses under “other expenses” to UAH 48 million, while net income increased by 42.4% to UAH 134.7 million.
Thus, in the fourth quarter of 2024, the plant reduced its loss by 38.4% compared to October-December 2023 to UAH 18.8 million, while net income increased by 18.4% to UAH 54 million.
Fregat specializes in the production of irrigation systems, road fencing, metal structures, as well as engineering products and special-purpose machinery.
The company exports road safety fences to Germany, the Netherlands, Poland, and the former CIS countries (except Russia and Belarus), where it also supplies agricultural machinery for crop production.
The main foreign customers are BBV Baustahl und Blechverarbeitungsgesellschaft mb, Scuer GmbH (Germany), Meerman Technisch Buro B.V. (Netherlands), and Agrorada (Poland).
As of the beginning of this year, the average number of employees was 260, and the average salary was UAH 12.4 thousand (44.2% more than in 2023).
In 2023, the plant, according to its financial report, reduced its loss by 4.2 times compared to 2022, to UAH 33.6 million, while net income decreased by 16% to UAH 140 million.
As of the third quarter of 2024, Fregat Engineering Limited (Cyprus) owns more than 96.25% of the authorized capital of Fregat Plant JSC, and the ultimate beneficiaries, according to opendatabot, are members of the Dementienko family from Dnipro.
In January-March 2025, Ukrzaliznytsia JSC (UZ) tripled the number of repaired locomotives and repaired 50% more electric trains than in the same period last year, the company’s press service reports.
“Ukrzaliznytsia has increased the volume of rolling stock repairs and component manufacturing. Due to this, in the first quarter of 2025, we record a positive trend in the volume of rolling stock repairs and production of major railway components,” the company’s press service posted on Facebook on Thursday.
In January-March 2025, 12 electric trains were repaired, which is 50% more than in the same period in 2024. The number of repaired locomotives during this period tripled to 29 units.
In addition, the number of repaired line equipment units (infrastructure elements located along the railways that ensure uninterrupted, safe and efficient operation of rolling stock – IF-U) increased by 70% (to 1173).
Ukrzaliznytsia reported that the production of sleepers in the first quarter doubled to 79 thousand units, the production of rail connectors and other components increased by 20%, and the production of reinforced concrete structures increased by 18%.
Earlier it was reported that in 2025 Ukrzaliznytsia will complete the creation of the Locomotive Company, which will centrally coordinate the existing locomotive depots. UZ has about 50 locomotive depots: repair depots that carry out major repairs and modernization of the locomotive fleet and operational depots that service locomotives between flights.
The state enterprise National Energy Company (NEC) Ukrenergo on April 10 announced a tender for voluntary insurance of motor vehicles (hull insurance) of 228 units.
According to the electronic public procurement system ProZorro, the expected cost of purchasing services is UAH 7.017 mln. The last day for submitting applications for participation is April 18.
Ukraine has resumed ferry service with Georgia, operating two sailings from the Chornomorsk port to the Georgian port of Batumi for the first time since the start of the full-scale invasion.
“Two flights were made on March 18 and 26 from the port of Chornomorsk to the port of Batumi, and the third flight is planned for next week,” said Tymofiy Murakhovsky, Director of Commercial and Logistics at Ukrzaliznytsia JSC, at a meeting on the Restoration of the Ukraine-Georgia Ferry Service within the TTM Corridor.
According to him, the project is being implemented with the participation of the shipping company Ukrferry (Odesa) and UZ Cargo Poland, a subsidiary of Ukrzaliznytsia, in Warsaw. According to Murakhovsky, the first voyages in March were carried out in a mode of information silence. He urged businesses to become more actively involved in the direction. As you know, since the beginning of Russia’s full-scale aggression in February 2022, there has been no maritime traffic between Ukraine and Georgia.
The shipping company Ukrferry announced the resumption of the Chornomorsk-Batumi ferry service on July 9, 2024, but this did not happen.
Kovalska Group is completing the construction of the first phase of a modern autoclaved aerated concrete plant in Rozvadiv village (Lviv region) and has completed the installation of equipment and is preparing for commissioning, the company’s press service reports.
“Investments in the construction of two stages will amount to more than EUR 100 million. This is the largest project in the company’s history. We are building the plant in accordance with European standards, with increased requirements for quality, environmental friendliness, and efficiency. The products will be sold both in Ukraine and abroad,” the group’s CEO Sergiy Pylypenko was quoted as saying in the release.
The first stage’s capacity will allow it to produce almost 600 thousand square meters of aerated concrete products annually, including blocks, panels, U-blocks and reinforced elements. After the second stage is commissioned, the capacity will increase to 1.2 million square meters per year, making Kovalska Aerated Concrete one of the largest producers of autoclaved aerated concrete in Ukraine.
The enterprise is being built on an industrial site of over 140 hectares located 40 km from Lviv, where lime and sand quarries and industrial assets for their processing are already operating.
A Siltek dry mix plant is planned to be built within the same area, which, together with the aerated concrete plant and quarries, will form Kovalska’s western industrial hub, located in close proximity to partners and customers, as well as to the European border.
During construction, special attention was paid to infrastructure.
In addition to the production lines, an administrative and amenity complex, repair shops, warehouses, a hotel, a space with a shop, a food court, a sports ground and a parking area are being built on the site. The architectural design of the complex will reflect Kovalska’s approach to construction: quality, functionality, recognizable style and aesthetics. The non-industrial part of the infrastructure will be open to residents of Rozvadov and guests of the enterprise.
According to the Group’s earnings reports, in 2024, the Group earned UAH 32 million 870 thousand in net profit, which is 24.4% lower than in 2023.
Kovalska Industrial and Construction Group LLC was founded in 2007. The ultimate beneficiaries are Oleksandr and Serhiy Pylypenko (33% each), Volodymyr Surup (17.3%) and Mykola Subotenko (16.7%).
The authorized capital of the group is UAH 62 million 289 thousand 815.
Ukrainian banks have started financing projects to install energy equipment with a total capacity of more than 639 MW worth UAH 17 billion from June 2024 to March 2025, the National Bank of Ukraine (NBU) reported on its website on Thursday, based on a survey of 20 banks.
“Banks received 4,086 applications from businesses for lending to energy infrastructure restoration projects totaling UAH 83.9 billion and started financing such projects (provided loans and opened limits) in the amount of UAH 16.7 billion,” the central bank said.
According to the central bank, the total number of applications submitted in March increased to 207 from 194 in February. However, their volume decreased almost threefold – from UAH 6.7 billion to UAH 2.27 billion, although 95 applications worth UAH 2.28 billion were approved, compared to 70 applications in February worth UAH 0.75 billion.
The number of loans actually disbursed in March also increased – from 94 in February to 118 in March, and the total amount of funding disbursed increased from UAH 0.91 billion to UAH 2.6 billion.
The National Bank clarified that since June 2024, most of the funds have been allocated for the purchase and installation of gas-piston cogeneration units (260 MW), the construction of solar power plants (190 MW) and the purchase of diesel and gasoline generators (128 MW).
According to him, banks also lend to the population: since June 2024, 6,799 loans have been granted in the amount of UAH 936 million, and the gross portfolio of loans to individuals for these purposes, including repayments, is UAH 7189 million.
As reported, in June 2024, with the assistance of the NBU, 20 banks controlling more than 85% of the sector’s net assets signed a memorandum of understanding to finance energy recovery. The lending programs take into account the needs of SMEs and large businesses, as well as households. Businesses can receive financing for the construction of solar, wind, and biogas plants, gas turbine and gas piston power plants, and the purchase of industrial batteries and storage devices.
The base lending rate under the memorandum is 13.5% per annum (or UIRD3M + 0.5% for the first year of financing, and then no more than UIRD12M + 3%).
