Ukrainian metallurgical enterprises in February 2019 increased steel production by 5% compared to the same period in 2018, to 1.689 million tonnes, staying on 13th place in the ranking of 64 countries, the major global manufacturers of these products, compiled by the World Steel Association (Worldsteel).
A decrease in steel production in most of the top ten countries, except for China, India, the United States and South Korea was recorded in February.
The top ten producer countries in February are as follows: China (70.988 million tonnes, an increase of 9.2%), India (8.738 million tonnes, a rise of 2.3%), Japan (7.743 million tonnes, a drop of 6.6%), the United States (6.896 million tonnes, an increase of 4.6%), South Korea (5.471 million tonnes, a rise of 1.1%), the Russian Federation (5.23 million tonnes, a fall of 4.4%), Germany (3.12 million tonnes, a decrease of 9.4%), Brazil (2.662 million tonnes, a fall of 1.7%), Turkey (2.635 million tonnes, a drop of 12.5%), and Italy (2.046 million tonnes, a fall of 2.7%).
They are followed by Iran (2.015 million tonnes, an increase of 21.7%), Taiwan (1.815 million tonnes, a rise of 22.5%), and Ukraine (1.689 million tonnes, a rise of 5%).
The net profit of private joint-stock company AVK confectionary factory (Dnipro), the large confectionary producer in Ukraine, fell to UAH 42,000 in 2018 from UAH 330,000 in 2017.
According to a company’s announcement in the information disclosure system of the National Commission for Securities and the Stock Market on holding the general meeting of shareholders on April 26, its assets last year fell by 1.2%, to UAH 565.72 million.
The retained earnings grew by 6.1%, to UAH 110.97 million.
Current liabilities fell by 2.3%, to UAH 311.38 million, and total receivables decreased 6.25, to UAH 307.34 million.
The company plans to send its net profit for 2018 to replenish working capital to cover losses for the previous periods.
AVK group of companies was founded in 1991. Now it produces goods at a confectionery factory in Dnipro. It also owned factories in Donetsk and Luhansk, control over which was lost.
Private joint-stock company Philip Morris Ukraine, a large tobacco company in Ukraine, saw a 3.4-fold rise in net profit in 2018 compared with 2017, to UAH 2.147 billion.
According to a company report in the information disclosure system of the National Commission for Securities and the Stock Market on holding the general meeting of shareholders on April 26, its assets last year grew by 5.7%, to UAH 10.51 billion.
The retained earnings soared eightfold, to UAH 2.374 billion. Total receivables grew by 10.4%, to UAH 7.475 billion.
The company plans to leave profit for 2018 in the company until the shareholders made a decision to pay dividends.
As reported, Philip Morris International Inc. cut shipments of cigarettes in Ukraine by 8.8% in 2018.
Philip Morris International is one of the world’s largest manufacturers of tobacco products. It produces cigarettes in more than 50 factories, sells them in 180 countries.
In Ukraine, it has been working for more than 20 years. Its production facilities are based in Kharkiv region.
Baltic Beverages Invest Aktiebolag (Sweden) has announced plans to use the right to squeeze out shares from minority shareholders in one of the largest breweries in Ukraine – private joint-stock company Carlsberg Ukraine (Zaporizhia).
According to the report on March 26, 2019, Baltic Beverages Invest is the direct holder of the dominating stake in Carlsberg Ukraine in the amount of 1.01 billion with the face value of UAH 1 each, which is 98.77% of the total number of shares in the company.
Carlsberg Ukraine is to approve the market value of shares no later than 25 working days from the moment of receiving the announcement and inform Baltic Beverages Invest about it.
Carlsberg Ukraine is part of Carlsberg Group/
The group in Ukraine has three breweries in Zaporizhia, Kyiv and Lviv.
ANNOUNCES, BALTIC BEVERAGES INVEST, CARLSBERG UKRAINE, SHARES, SQUEEZE-OUT
France’s Aigle Azur airline in 2019 plans to service 9-10% of passenger flow between Kyiv and Paris, which is around 16,000 passengers, Aigle Azur President and Chief Executive Officer (CEO) Frantz Yvelin has said at a press conference in Kyiv.
“I believe in the Ukrainian market and we have long term plans. In the future, we hope for more flights than three per week,” he said.
According to him, the airline counts on passenger traffic in the amount of about 16,000 passengers in 2019.
“About 160,000 passengers travel between Kyiv and Paris, and we expect to receive about 9-10% of this passenger traffic,” Yvelin said.
According to him, there is practically no competition among air carriers on the Kyiv-Paris route, which makes these destinations attractive for Aigle Azur.
The airline will operate flights between Paris-Orly and Kyiv-Boryspil airports three times a week: from Paris on Tuesdays, Thursdays and Saturdays, and from Kyiv on Wednesdays, Fridays and Sundays. A one way trip will cost around EUR 74.
As reported, Aigle Azur airline will launch a direct flight between the airports of Paris-Orly and Kyiv-Boryspil from April 18, 2019.
At the moment, UIA and Air France operate direct flights to Paris from Kyiv.
The European Bank for Reconstruction and Development (EBRD) could provide EUR 149 million to national energy company Ukrenergo for the project to modernize power transmission networks, the bank has said on its website.
The project has passed final review, pending board approval.
The loan will finance procurement of up to 26 new transformers and the automation and upgrade of 12 high voltage substations in key locations of the transmission network of Ukraine. The total project cost is EUR 198.2 million, including EUR 49.2 million of own funds of Ukrenergo.
The project will enable Ukrenergo to upgrade its key transmission infrastructure, required for synchronization with the European Network of Transmission System Operators for Electricity (ENTSO-E).
In addition, the modernization will result in substantial energy savings and associated CO2 emission reduction.
