Business news from Ukraine

Business news from Ukraine

“IMC” harvested 77.7 thousand tons of sunflower with yield of 60% higher than national average

IMC Agro Holding has completed sunflower harvesting on 24.3 thou hectares, yielding 77.7 thou tons of gross harvest with a yield 60% higher than the national average of 3.2 t/ha, the company’s press service reported on its Facebook page.
According to the report, IMC also sowed winter wheat on an area of 20.7 thousand hectares.
“This year, September was abnormally dry and hot, so we managed to complete all field work in a short time. As a result, despite the hot and dry summer, we harvested a good sunflower crop with high quality indicators. As for the winter crops sown at the optimum time, we expect productive precipitation to sprout,” said Bogdan Krivitsky, Chief Operating Officer of the agricultural holding.
“IMC is an integrated group of companies operating in Sumy, Poltava and Chernihiv regions (north and center of Ukraine) in the crop production, elevators and warehouses segments. The company’s land bank is about 120 thousand hectares and storage capacity is 554 thousand tons, with a harvest of 1.002 million tons in 2023.
In the first half of 2023, IMC earned $6.28 million in net profit, down 44.6% year-on-year, while its revenue increased by 61.6% to $71.95 million, including a 41.2% increase in exports to $58.9 million. Normalized EBITDA amounted to $17.06 million, down 41% compared to the first half of 2022, due to higher selling costs and lower harvest prices.

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“Sukha Balka” plans to mine ore from Druzhba deposit below 1210-meter horizon

Sukha Balka mine (Kryvyi Rih, Dnipropetrovska oblast), part of Aleksandr Yaroslavskyi’s DCH group, intends to mine iron ore from the Druzhba deposit below the 1,210-meter horizon.
According to the documentation available to Interfax-Ukraine, the planned activity is to open and mine the rich ore reserves of the Druzhba deposit below the 1210-meter horizon at the horizon marks of the mine’s 1227, 1244, 1261 and 1275.
It was clarified that the reconstruction is being carried out to maintain the company’s capacity.
Sukha Balka Mine is one of the leading mining companies in Ukraine. It produces iron ore by underground mining. It includes Yubileynaya and Frunze mines.
In May 2017, DCH Group acquired a stake from Evraz Group.

“Energoatom” launches 1000 MW nuclear power unit after repair

NNEGC Energoatom has connected a 1000 MW nuclear power unit to the Ukrainian power grid 12 days ahead of schedule, the company said.
“On October 1, after scheduled preventive maintenance, Energoatom specialists successfully connected a power unit of one of the nuclear power plants to the grid. The power is being ramped up. Thanks to the high-quality work of nuclear engineers, the unit was brought out of repair 12 days ahead of schedule,” the company said in a telegram on Tuesday.
It added that after the unit reaches full capacity, the power system will have plus 1000 MW of capacity.
“The repair campaign is entering the home stretch and by the start of the outage, all nine units located in the government-controlled territory will be ready to operate during the most difficult months. I thank the team for their excellent work in difficult conditions,” Energoatom CEO Petro Kotin said in a statement, emphasizing that the work is being performed efficiently and ahead of schedule.
As reported, after the occupation of the 6 GW Zaporizhzhya NPP on March 4, 2022, nine units at the South Ukrainian, Khmelnytsky and Rivne NPPs with a total installed capacity of about 7.8 GW have been operating in the Ukrainian power system.

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“Nova Poshta” raises delivery tariffs on October 1

“Nova Poshta, Ukraine’s largest logistics operator, has raised its tariffs for the delivery of documents, parcels and cargo by an average of UAH 10 on October 1.
As the company posted on its website on Monday, a number of fees have been canceled, including the fee for the declared value of parcels returned.
Starting from October 1, sending documents in a branded envelope, which is included in the price, costs UAH 65, delivery of parcels up to 2 kg in the city costs UAH 60, up to 10 kg – UAH 90, up to 30 kg – UAH 140. For delivery in Ukraine, parcels up to 2 kg cost UAH 80, up to 10 kg – UAH 110, up to 30 kg – UAH 160. Cargoes over 30 kg are delivered between branches in the city with a coefficient of +0.5 UAH/kg, between branches in Ukraine: + 1 UAH/kg.
The fixed cost of packaging for parcels up to 30 kg when sent through a post office is UAH 15. Parcels can be packed free of charge in a branded package for 0.5 kg, 1 kg, 2 kg and 4 kg.
Nova Poshta explained the need to increase tariffs by the rising prices for energy – electricity and fuel – as well as rising consumer prices and inflation.
“By updating the tariffs, we are simultaneously introducing new technologies and improving the provision of services. The increase in tariffs will allow us to continue working and create an opportunity for Ukrainians to receive their parcels as quickly as possible,” Nova Poshta said in a statement.
It is noted that the company’s customers still have access to free services, including the service of return from the buyer to the seller if the goods do not fit; free parcel forwarding in Ukraine.

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2022-2024 goods trade balance forecast (USD billion)

2022-2024 goods trade balance forecast (USD billion)

Open4Business.com.ua

Construction of river grain terminal planned in Mykolaiv region

In Nikolaev region is planned to build a river grain terminal with a transshipment capacity of 10 thousand tons of grain per day, according to the website Dream.Projects of the Ministry of Development of Communities and Territories (Ministries of Communities and Territories).

“The terminal will provide grain reception by both road and rail transport with subsequent shipment to barges of the “River-More” class and bulk carriers of the Panamax class,” reads the description of the project submitted by the Voznesenska territorial community.

The terminal will have two lines for receiving grain from cars equipped with automatic unloaders, as well as a line for receiving grain from railroad cars. The facility will be equipped with two grain cleaning machines and two continuous shaft-type grain dryers for processing raw materials. Metal silos, with which the terminal will be equipped, will allow simultaneous storage of up to 40 thousand tons of grain, which will allow efficient formation of shipment batches.

It is planned to install transport systems with the capacity of 300-500 tons per hour at the terminal, which will ensure uninterrupted and timely shipment of grain to ships.

The approximate duration of construction of the facility is 24 months.

 

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