KYIV. Aug 19 (Interfax-Ukraine) – Active Energy Group Plc (AEG), whose shares are traded on the London Stock Exchange, in early August attracted GBP2.05 million ($2.67 million at the current exchange rate) to expand the capacity of its AEG WoodFibre wood processing plant in Yuzhny port in Ukraine, as well as replenish working capital.
“We plan by the end of the year to launch a fully automated production line for hardwood capable of processing about 3,000 tonnes of raw materials per day, a new production line for softwood with a capacity of 1,000 tonnes per day,” a company report reads, with reference to its CEO Richard Spinks.
According to him, the short-term projects of capital investment in AEG WoodFibre in Yuzhny port also suggest the acquisition of mobile crushers and lift-and-carry equipment.
The report states the company with the help of Northland Capital Partners broker sold 77.358 million new shares at a price of GBP0.0265 per share to new and existing shareholders, which corresponds to a 16.5% discount to the closure price on August 2.
As reported, AEG has ten-year contracts to buy wood and process it into fire wood chips (in Ukraine) and supply products to energy facilities (in Poland). Liuboml forestry (Volyn region) supplies up to 100,000 of wood a year at the fixed price. Volyninvestbud makes fire wood chips from it at the fixed tariff and supplies up to 80,000 tonnes of finished products a year. Medium Sp. Z o.o. buys all products to deliver them to energy facilities in Poland.
KYIV. Aug 18 (Interfax-Ukraine) – Ukraine’s Infrastructure Ministry intends to present the national transport strategy until 2030 in three or four months, Minister Volodymyr Omelyan has said.
“We are working on it with our European partners. We have finished a first phase of drawing up a draft national strategy of Ukraine until 2030. This must be an essential document to specify development of infrastructure that should become a driver of the Ukrainian economy,” he said at a briefing in Kyiv on Tuesday.
The minister said that among key top-priorities of the strategy is efficiency of public administration in the transport area, provision of high-quality and effective transport services, stable financing of transport, increase of safety and reliability and city mobility and regional integration.
KYIV. Aug 18 (Interfax-Ukraine) – Lutsk cardboard-paper mill, part of the United Cardboard Company belonging to businessman Mykola Lobov, produced goods worth UAH 241.53 million in January through July 2016, which is 28.8% up year-over-year, according to the Ukrpapir association.
The association said that during this period the mill made 31,600 tonnes of various types of cardboard – 6.4% up year-over-year (mainly packaging cardboard – 27,850 tonnes).
Box cardboard was made in small volumes (1,730 tonnes), as wells as roofing board (360 tonnes).
Cover board production decreased by almost 25%, to 1,710 tonnes. The mill also produced 710 tonnes of pulp.
One more company in the sector under control of the United Cardboard Company – Poninkivsky Cardboard and Paper Mill – increased production by 23% in January-July 2016, to UAH 215.87 million.
The mill more than doubled production of box board, to 35,170 tonnes, and corrugated cardboard packaging output rose by almost 18%, to 40.3 million square meters.
Paper production fell by 2.7% in January-July 2016, to 910 tonnes.
Lutsk cardboard-paper mill LLC was founded on the basis of assets of Lutsk cardboard-ruberoid mill in summer 2012.
The mill produces raw materials for corrugated board production (fluting and test liner), roofing, box and cover cardboard.
In 2015, the mill produced goods worth UAH 404.55 million, which was 67.1% up year-over-year.
Poninkivsky Cardboard and Paper Mill was founded over 200 years ago. The mill produces cardboard and paper.
In 2015, the mill saw a rise of 97.3% in production, to UAH 329.22 million.
KYIV. Aug 18 (Interfax-Ukraine) – An open data service of cities under the Apps4Cities project is to be launched in Ukraine, Head of OPORA Civic Network Olha Aivazovska has said.
“Our ambitious goal is to ensure that every city resident could have access to cities’ data available within our project, use it with the help of mobile apps and other technologies. Types of data that will be made available relate to everyday life, starting from transportation to education and leisure.” Aivazovska said at a press conference in Kyiv on Tuesday.
The data will be useful not only to journalists or analysts, but also to ordinary citizens, she said.
The project will be implemented during the second half of 2016 and in early 2017.
The OPORA Civil Network is a non-governmental, non-political and financially independent nationwide network of public activists.
KYIV. Aug 17 (Interfax-Ukraine) – National Energy Company Ukrenergo plans to finish building a 750 kV Zaporizhia nuclear power plant (NPP)-Kakhovska power line and assistant infrastructure by late 2017, acting director of the company Vsevolod Kovalchuk told reporters on Tuesday.
“For the Kakhovka generation system we plan to launch Kakhovska 750 kV substation by the end of this year and build 330 kV power lines from this substation. The whole generation system that would help to transmit electricity generated by Zaporizhia NPP will be finished by the end of next year,” he said.
Kovalchuk said that the implementation of the project would ensure additional 700 megawatt of power to transmit from Zaporizhia NPP.
KYIV. Aug 17 (Interfax-Ukraine) – The Canadian International Trade Tribunal (CITT) has finished revision of antidumping measures and decided to extend its antidumping and countervailing duty finding on imports of flat hot-rolled carbon and alloy steel sheet and strip due to dumping of them by China, Brazil, and Ukraine and the subsidizing of them by India for more five years.
The duties on the projects from Taiwan have been lifted.
The decision was made on August 12, 2016.
The Canada Border Services Agency (CBSA) will continue applying antidumping or countervailing duty on imported flat hot-rolled carbon and alloy steel sheet and strip from Brazil, China, India and Ukraine.
The antidumping duties were imposed on August 17, 2001. They were twice revised. The antidumping duty on flat hot-rolled carbon and alloy steel sheet from Ukraine is 77%.
