PJSC Research and Industrial Center Borschahivka chemical and pharmaceutical plant will export a natural active pharmaceutical ingredient (API) for a medicine in the European Union (EU), the company has said in a press release.
The plant will export belladonna extract to Portugal. The API will be the basis of the patent medicine produced and sold in this country. The API was designed in own research laboratory of the plant in line with the requirements of the customer in short terms.
“An indispensable condition for establishing cooperation was the passage of an external independent audit on the conformity of production and extraction technologies to the requirements of European quality standards, including GMP. The enterprise successfully passed the audit and confirmed that it is a modern and reliable partner for European colleagues,” the plant said.
The plant’s extracts are used by the company to manufacture a number of its own medicines, and also are purchased by other domestic pharmaceutical manufacturers.
As reported, in 2017, the plant started exporting its products to Australia, Estonia and Portugal. Currently, the plant exports its products to 19 countries, including Lithuania, Latvia and the CIS countries. The share of exports of total sales in 2017 was 12.2%.
The Sikorsky Kyiv international airport (Zhuliany) plans to boost passenger flow by 55.6% in 2018, to 2.8 million people, Board Chairman Denys Kostrzhevsky has said. “In 2017, the Kyiv airport serviced 1.8 million passengers. In 2018, we plan to service some 2.8 million people who arrive and depart with new facilities,” he said in an exclusive interview with Interfax-Ukraine. Kostrzhevsky also said that new Ukrainian airline SkyUp, which signed a contract on long term cooperation with the airport, in May starts servicing first flights.
“This is a significant event, similar in importance to which Ukraine has not seen for several years. It is really a big Ukrainian airline with ambitious plans. If these plans come true, a good growth in passenger traffic will be ensured,” he said.
The board chairman of the airport said that SkyUp plans to base several aircraft at the Kyiv airport. Kyiv International Airport (Zhuliany) is located in the business center of the capital, seven km from the city center. It is the second largest airport in Ukraine in terms of the number of flights and passenger traffic. The airport has three terminals with a total area is 21,000 square meters. Terminal B is separate facility for business-class service, it is part of the Fixed Base Operator (FBO) system. The airport’s runway is able to handle B-737 and A-320 aircraft.
Agricom Group on May 16, 2018, launched a factory to produce flakes from oats and other types of cereals under the Dobrodiya trademark in the village of Mykhailo-Kotsiubynske in Chernihiv region. The project is estimated at $10.5 million, the company’s press service said. This includes 40% of the company’s own funds and 60% are loans.
The construction lasted for more than three years, it said. “Way back in 2014, it was decided to start production of value-added products. It took almost four years to move from the idea to the implementation of the project, and now we are again thinking about new goals,” CEO of Agricom Group Petro Melnyk said. The production capacity of the factory is one million kg per month.
The Group has a full cycle of production: from cleaning, peeling, grinding, hydrothermal processing, cutting, rolling and to packing in various types of packaging.
Agricom Group produces and distributes food made of cereals. It combines agricultural, processing and trading enterprises. The Group tills 40,000 hectares in Rivne, Chernihiv and Luhansk regions. Its storage capacities are represented by two facilities for 63,000 tonnes.
The surplus of Ukraine’s foreign trade in services in January-March 2018 increased by 16% compared to 2016, to $1.461 billion (in January-March 2017 some $1.259 billion), the State Statistics Service has said. According to its data, exports of services in Q1 2018 rose by 5%, to $2.561 billion, imports fell by 6.8%, to $1.101 billion.
The ratio of coverage of imports by exports stood at 2.33 (in Q1 2017 at 2.07).
Foreign trade operations were conducted with partners from 211 countries.
Milkiland, a dairy group with assets in Ukraine, Russia and Poland, saw a 2.1-fold rise in net profit in January-March 2018 year-over-year, to EUR 2.38 million.
According to a report of the group on the website of the Warsaw Stock Exchange (WSE), revenue in Q1 2018 fell by 18.5%, to EUR 30.1 million, and gross profit – by 22.6%, to EUR 5.28 million.
In January-March 2018, the group saw EUR 74,000 of operating loss compared with EUR 3.61 million of operating profit a year ago.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 34.8% year-over-year, to EUR 1.58 million. EBITDA margin fell by 2 percentage points, to 5%.
The Russian market generated 67% of the group’s revenue or EUR 20.12 million, which is 19.8% less than a year ago. The Ukrainian market’s share was 25% of total revenue, a rise by 12.6%, to EUR 6.88 million. Poland occupied 8% of total revenue, a rise by 23%, to EUR 2.26 million.
Whole-milk dairy was the largest segment in terms of revenue and business segments EBITDA providing for c. 60% of revenue – EUR 18.19 million or 16% less year-over-year, cheese & butter segment contributed approximately 27% to the group’s total revenue – EUR 8.22 million (14% down). In ingredients segment, revenue declined 36% year-over-year to EUR 3.7 million depressed by unfavorable international global market conjuncture. It contributed c. 12% to the group’s total revenue.
