KYIV. Jan 26 (Interfax-Ukraine) – Construction of a new grain terminal of Novotech-Terminal LLC with a projected annual capacity of around 3 million tonnes has been started at Odesa maritime merchandise port.
According to a posting on the website of bank Pivdenny, which acts as a financial partner of Novotech-Terminal jointly with Tekom-Lease, the terminal will be built in four stages and ends in 2019.
The new terminal will be located at berths 25 and 26 of the port. It will service vessels of up to 250 meters longs and water draft of up to 11 meters. The terminal will have a port elevator with a storage capacity of 110,000 tonnes.
“The construction projects has passed all the required examinations and approvals, and the land parcel where the facility will be built was leased by Odesa Regional Administration for a long period of time,” the bank said.
Novotech-Terminal stevedoring company was founded in October 2004. It operates at berths 22, 25 and 26 of Odesa seaport. The company handles exported, imported and transit cargos.
DAVOS. Jan 26 (Interfax-Ukraine) – The sector of Ukrainian product IT companies thanks to a rapid growth in recent years in terms of cost became comparable with the sector of outsourcing IT companies and has a significant potential of growth in the light of experience accumulated, the formation of an appropriate business environment and a high interest of venture investors, head of the supervisory board of the Ukrainian Venture Capital and Private Equity Association (UVCA) Andriy Kolodiuk considers.
“There appear more and more product companies. My total evaluation of product companies exceeds $2.5 billion: one deal with Looksery is $150 million, but we also have a full list of 3,000 start ups and companies in Ukraine. Therefore I am confident that the aggregate value of them has already exceeded $2.5 billion,” he said in an interview with Interfax-Ukraine on the sidelines of the Ukrainian lunch organized by the Pinchuk Foundation in Davos.
Kolodiuk, being also a venture investor, founder and managing partner of AVentures Capital, noted that venture investors invest only in product companies and do not invest in outsourcing.
“Large funds such as (George) Soros Fund, Horizon Capital invest in outsourcing – this is another story. And we invest in product companies because this is the exit [the possibility of selling to the very high profitability], on which this business is built,” he said.
According to him, among the projects available in the portfolio of AVentures, for example, Petcube will cost at least $600 million, and this success encourages other investors to invest.
KYIV. Jan 26 (Interfax-Ukraine) – Ukrainian metallurgical enterprises in December 2016 increased steel production by 4.5% compared with December 2015, to 2.015 million tonnes, being the 10th place in the ranking among 66 countries, the world’s major manufacturers of these products, compiled by the World Steel Association (Worldsteel).
Growth in steel production in December was fixed in most countries from the top ten states, except for South Korea and Brazil.
The top ten steel makers in December looks as follows: China (67.22 million tonnes, a 3.2% rise), Japan (8.711 million tonnes, a 1.5% rise), India (8.397 million tonnes, 15% up), the United States (6.619 million tonnes, a rise of 11%), Russia (6.213 million tonnes, an 8% rise), South Korea (5.858 million tonnes, a 0.2% drop), Germany (3.23 million tonnes, 8.2% up), Turkey (2.838 million tonnes, 6.2% up), Brazil (2.149 million tonnes, 12.7% down), and Ukraine (2.015 million tonnes, 4.5% up).
In general, 66 countries in December 2016 produced 134.059 million tonnes of steel, which is 5.5% more than in December 2015.
In 2016 the top ten steel makers included China (808.37 million tonnes, an increase of 1.2%), Japan (104.772 million tonnes, a drop of 0.3%), India (95.618 million tonnes, an increase of 7.4%), the United States (78.619 million tonnes, a drop of 0.3%), Russia (70.8 million tonnes, a drop of 0.1%), South Korea (68.567 million tonnes, a drop of 1.6%), Germany (42.082 million tonnes, a drop of 1.4%), Turkey (33.163 million tonnes, an increase of 5.2%), Brazil (30.212 million tonnes, a drop of 9.2%), and Ukraine (24.221 million tonnes, an increase of 5.5%).
In general, the 66 countries produced 1.604 billion tonnes of steel in 2016, which was 0.7% up year-over-year.
KYIV. Jan 26 (Interfax-Ukraine) – Shipbuilding company Smart Maritime Group (SMG), part of Smart-holding, in 2016 increased production by 49% compared to 2015, to UAH 395 million, the press service of SMG has said.
According to the report, in 2016 Kherson Shipyard, part of SMG, provided the building of a SEA ANT multipurpose oil skimmer under the HM 440 project on the order of Yuzhny branch of the Ukrainian Sea Ports Authority. In addition, last year SMG repaired and modernized 46 vessels, among which was the Mykolaiv border patrol ship of the State Border Guard Service of Ukraine.
According to the report, now SMG continues to develop the capacity of mechanical engineering and metal working: in 2016 its machine building plants fulfilled contracts for a total of UAH 9 million. Among the main customers are Metinvest group of companies, Yugcement.
Smart Maritime Group sub-holding (SMG) of Smart-holding belonging to businessman Vadim Novinsky, created in 2009, includes Chornomorsky Shipbuilding Yard (Mykolaiv) and Kherson Shipyard.
In July 2016 the Economic Court of Kherson region declared Kherson Shipyard bankrupt and started liquidation procedures.
KYIV. Jan 26 (Interfax-Ukraine) – Ukrainian mining enterprises in 2016 significantly increased shipments of iron ore to Japan, Serbia, South Korea and Slovakia, while reducing shipments to China, Poland and Turkey, according to a press release from state enterprise Ukrpromzovnishekspertyza, with reference to analyst Dmytro Zheltiakov.
“Exports of Ukrainian iron ore in December 2016 fell by 22,000 tonnes, thus reaching 3.223 million tonnes. Since the beginning of 2016 a total of 39.2 million tonnes have been exported, which is 6.5 million tonnes less than in 2015,” the company press service said.
Zheltiakov said over the past year shipments to Japan (by 535,000 tonnes), Serbia (by 567,000 tonnes), South Korea (431,000 tonnes) and Slovakia (409,000 tonnes) rose most of all. The largest fall was recorded in exports to China (by 7.695 million tonnes), Poland (600,000 tonnes) and Turkey (633,000 tonnes).
As for the cost variables, in December prices of Ukrainian suppliers in foreign markets increased by 15-20%. According to the company experts, in January 2017 minor price fluctuations are likely to occur, following the stabilization of price indices in China. Prices in the domestic market of Ukraine, following the worldwide growing trend, should also show growth.
KYIV. Jan 25 (Interfax-Ukraine) – Kyiv City Council is considering a draft decision to introduce the e-system for pre-threshold procurement, the press service of Kyiv City Administration has reported.
“Despite legislative restrictions the city intends to carry out procurement for goods the cost of which exceeds UAH 3,000,” Head of the Kyiv Administration department Volodymyr Bondarenko said.
He said that in 2016 Kyiv conducted 47,120 tenders in the ProZorro e-procurement system for UAH 11.77 billion. The average decrease of the price by bidders was 15.78%.
“The city managed to save UAH 532 million thanks to transparency of procurement and creating competition,” he said.
Among the key customers for procurement at Kyiv City Administration via the e-procurement system in 2015 were the healthcare department with agencies and organizations under its management (38% of total procurement), the transport infrastructure department (9%) and the social policy department (7%).
