The Interpipe international vertically integrated pipe and wheel company and the leading manufacturer of seamless pipe in Europe Vallourec (France) have announced its plans to start joint production of steel pipes for the European market. According to a press release of Interpipe issued on Wednesday, cooperation would not apply to oil and gas pipes. Mainly linear pipes, pipe for general use and products for engineering.
“Interpipe-made pipes will undergo finishing and quality control at the finish line, which will be built on the basis of Interpipe Niko Tube and will be managed by Vallourec. The line will be created within the joint venture of Interpipe and Vallourec,” press release.
According to the press release, the beginning of production is planned for the autumn of 2018. The pipes will be sold under the Vallourec brand in the European market.
Works to complete a parking area near Terminal D of the Boryspil International Airport (Kyiv) will be finished by the contractor – NAN LLC (Kharkiv) – in the approved term – summer 2018, Boryspil Airport Commercial Director Heorhiy Zubko has said. “The contractor had a lot of difficulties with the audit of the works carried out earlier, as the facility was accepted in poor conditions. In addition, long winter upset the schedule, but these are their commitments. We did not lift them,” he said in an interview with Interfax-Ukraine, commenting on the earlier announced possibility of filing a claim to court against the contractor.
Zubko said that Boryspil Airport Director General Pavlo Riabikin presented an option of terminating the contract, as the contractor is behind the schedule.
“We held many working meetings. One of the basic conditions was payment of all financial liabilities under bank guarantees, and the contractor met these conditions. We signed the new schedule with the contractors, describing details, and it is obliged to carry out works. We see this now. This does not lift the commitments of the contractor to commission the parking area in line with the contract terms, and this is summer 2018,” he said. Zubko also said that according to the financial plan of the airport for 2018, UAH 200 million is allocated for construction of the parking area this year.
One troy ounce=31.10 grams
Businessman Vasyl Khmelnytsky’s K.Fund and Kharkiv Polytechnic Institute will build and open in Kharkiv the Innovations Campus educational space worth more than UAH 60 million by the end of 2018, the press service of the UFuture investment group has reported.
“Construction work is due to begin in April, and the campus will start operating at the end of 2018. The task of the project is to enable Ukrainian specialists to develop and be successful in Ukraine,” the report says.
The training will be based on an innovative educational program, which was developed by UNIT Factory specialists in cooperation with Kharkiv Polytechnic Institute and other Ukrainian higher educational establishments.
In addition, the Small and Medium Entrepreneurship School will continue its work at the campus, whereas modern co-working will open the possibility for start-ups and creative young professionals to get jobs, qualified professional business support, security, access to knowledge.
The organizers also plan to attract investments from the state, enterprises and local business to finance this social and educational project.
As reported, First Vice-President of the Ukrainian League of Industrialists and Entrepreneurs (ULIE) Vasyl Khmelnytsky is the majority shareholder of UDP.
In early October 2017, he merged his business projects and social initiatives under the brand UFuture Investment Group (Brussels). The chief managing director of UFuture became the head of the ULIE office in Brussels, Mykola Tymoschuk.
The group included UDP, as well as businesses of Khmelnytsky: UDP Renewables, Bila Tserkva industrial park, innovative parks UNIT.City and LvivTech.City. The group is open to the creation of joint ventures and the attraction of new partners.
Support of social projects in the sphere of economy and education is provided by Khmelnytsky’s K.Fund.
UDP is one of the largest development companies in Ukraine. It has been operating in the market since 2002 and has implemented 11 projects with a total area of 3 million square meters. Among the most famous projects are the development of Kyiv airport, the construction of the Ocean Plaza trade and entertainment center and the RiverStone and Parkove Misto residential complexes in Kyiv.
INNOVATIONS CAMPUS, K.FUND, KHARKIV POLYTECHNIC INSTITUTE, VASYL KHMELNYTSKY
The World Bank Group’s International Finance Corporation (IFC) may acquire three grain storage facilities from Mriya Agro Holding in Ternopil region as part of debt restructuring.
IFC requested respective permits for assets owned by private enterprise Noriia Zakhid, Black Bryony Holdings LLC and Elagri-Derenivka LLC, the Antimonopoly Committee of Ukraine has said.
As reported, Mriya and IFC in May 2017 agreed on the terms of restructuring of the holding’s debt. The parties agreed to split the debt into a secured and unsecured part. They also stipulated terms for restructuring the secured part of the debt. Mriya’s unsecured debt to IFC will be restructured on common conditions for all unsecured creditors.
Mriya’s total debt is $1.087 billion, of which $46 million is loans for working capital, $7 million for leasing of agricultural machinery, $130 million is secured loans, and $904 million is unsecured loans.
After the restructuring, the amount of secured loans will be reduced to $62 million, unsecured ones to $ 213 million.
Mriya is a vertically integrated agro-industrial holding founded by Ivan Huta in 1992. Today, its land bank is 165,000 ha in Ternopil, Khmelnytsky, Ivano-Frankivsk, Chernivtsi, Lviv and Rivne regions. The capacity of its grain storage facilities is estimated at 380,000 tonnes.
