Business news from Ukraine

Business news from Ukraine

KERNEL, ILLICH STEEL WORKS, AZOVSTAL GET LARGEST VAT REFUNDS IN JAN-FEB

KYIV. March 9 (Interfax-Ukraine) – The largest VAT refunds recipient in January and February 2017 were Kernel-Trade sunflower oil exporter with UAH 2.194 billion (UAH 764 million), the State Treasury Service has reported.

Mariupol Illich Steel Works and Azovstal, part of Metinvest Group, follow it with UAH 895 (UAH 382.5 million) and UAH 856.3 million (UAH 703.1 million).

Nibulon with UAH 756.9 million (UAH 694.1 million) and Evraz DMZ with UAH 731.1 million (no refunds in December).

Some UA 677 million (UAH 700 million) was refunded to Suntrade, UAH 676.9 million (UAH 2.577 billion) to ArcelorMittal Kryvyi Rih, UAH 504 million (UAH 884.2 million to ADM Trading Ukraine, UAH 434.6 million (UAH 1.24 billion to Cargill) and UAH 302.9 million (UAH 244.1 million) to State Food-Grain Corporation.

In January-February 2017, UAH 17.01 billion of VAT wad refunded and it was 6.6% more than in January and February 2016. In January only UAH 30 million was refunded, and the sum was paid in several tranches early and late February.

In December 2016 VAT refunding totaled record-breaking UAH 15.96 billion after a decline to UAH 6.11 billion in November.

According to the State Fiscal Service, in 2016 UAH 94.3 billion of VAT was refunded in Ukraine. This was 37.9% up on 2015 and 87.8% up on 2014.

FIVE MORE UKRAINIAN COMPANIES GET RIGHT TO EXPORT GOODS TO EU

KYIV. March 7 (Interfax-Ukraine) – Another five Ukrainian enterprises engaged in food production in 2017 received the right to export their goods to the European Union, the Ministry of Agricultural Policy and Food has said.

According to a report on its website, goods will be delivered to the European market by a company producing dairy goods, a company producing poultry and three companies producing honey.

Currently talks are being held with respect to supplies of Ukrainian goods to the world markets. In particular, Ukraine provided Japan, Singapore, Korea, the United States and Canada with the information on the system of state control with the aim of getting access to the market of poultry. Talks are also being held with China on expanding the list of exporters of dairy products, as well as with respect to applying for the opening of poultry and beef markets.

In addition, talks with Jordan are at the final stage. The parties are finalizing veterinary certificates for exports of chilled/frozen beef. Ukraine and Egypt have agreed the form of veterinary certificates for exports of chilled/frozen boneless beef.

In addition, Ukraine has agreed the form of veterinary certificates for exports of poultry to Serbia, and is holding talks with the European Union on the issue of extending the list of exporters of food and feed.

SAINT-GOBAIN TO INVEST EUR 65 MLN IN BUILDING PLANTS IN IVANO-FRANKIVSK

KYIV. March 7 (Interfax-Ukraine) – Saint-Gobain international industrial group of companies intends to invest EUR65 million in the construction of two plants for production of construction materials in Tlumach district of Ivano-Frankivsk region.

President of the Ivano-Frankivsk Chamber of Commerce and Industry Andriy Levkovych told Interfax-Ukraine the construction of the first plant for production of construction mixtures is to be completed in the end of 2017.

The construction of the second plant, which will specialize in production of drywall, is scheduled for late 2017-early 2018.

“The company plans to create about 300 jobs. It will be a complex: production of construction mixtures, packaging, sorting, mixing, production of drywall. Both plants will be located near Khotymyr gypsum deposit,” Levkovych noted.

As reported, in 2012 Ivano-Frankivsk City Council granted 15 hectares of land in the territory of the Khryplyn industrial site to Saint-Gobain for construction of a plant for production of plasterboard.

MHP TO INVEST $27 MLN IN BIOGAS COMPLEX AT VINNYTSIA POULTRY FARM

KYIV. March 7 (Interfax-Ukraine) – Myronivsky Hliboproduct (MHP) has announced a project for building a new biogas complex at Vinnytsia poultry farm.

According to a company press release, this project will be implemented within the planned expansion of Vinnytsia poultry complex and foresees two stages. At the first stage, 460 tonnes of chicken manure per day will be processed, at the second stage this amount will double. When construction is finished in 2020, the design capacity of the complex will be 20 MW. The approximate cost of the biocomplex is about $27 million.

“This is a unique project for processing chicken manure, which will not only be the largest one in Ukraine but also in the world. And its main component is environmental friendliness,” company chairman Yuriy Kosiuk said.

According to him, the biogas complex will allow solving the problem of poultry waste utilization and production of energy for own needs.

A biogas plant with a capacity of 5 MW has been operating at Orel-Leader poultry farm, which belongs to MHP, since 2012.

Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.

KERAMPROM POSTS 14.7% RISE IN NET PROFIT IN 2016

KYIV. March 7 (Interfax-Ukraine) – PJSC Keramprom (Artemivka, Donetsk region) saw net profit rise by 14.7% in 2016 as compared to 2015, to UAH 50.273 million.

According to a company report in the press on a shareholders’ meeting scheduled for April 7, its retained earnings in 2016 increased by 19.7% compared to the previous year and amounted to UAH 55.412 million.

The company’s assets increased by 7.1%, to UAH 88.015 million, while net worth rose by 15.6%, to UAH 83.816 million.

Total debtor indebtedness in 2016 decreased by 15.3% compared to 2015 and amounted to UAH 44.833 million.

The company’s current liabilities fell by 2.3 times, to UAH 4.199 million. Long-term liabilities by the end of 2015 were UAH 206,000 and there were no long-term liabilities by the end of 2016.

The company’s staff in 2016 amounted to 54 people compared with 51 people a year earlier.

Keramprom was established in 1997. It is engaged in extraction of clay and kaolin.

ORGANIC GRAIN HANDLING COMPLEX TO BE BUILT IN RENI SEAPORT

KYIV. March 6 (Interfax-Ukraine) – Bio-Line-Reni LLC plans to build an organic food handling complex at the Reni seaport. This would add new cargo flow of up to 120,000 tonnes a year, Ukrainian Sea Port Authority has reported.

According to the report, Bio-Line-Reni is implementing the project in pursuance to the law on the Reni special economic zone. The number of ships entering the port would increase by 80-90. The expected volume of private investment is $1.6 million.

According to the authority, extra tax payments from the launch of the complex could reach UAH 762,000, and in two years from the moment of its launch budget payments could total UAH 3-3.5 million.

The ultimate beneficiary of Bio-Line-Reni LLC is Yulia Voitkiv, according to the unified register of companies.