PJSC “Centravis Production Ukraine” (Centravis Production Ukraine), a member of Centravis Ltd. holding, in January-June this year produced 6.73 thousand tons of seamless stainless steel pipes, which is 5.9% more than in the same period last year (6.35 thousand tons).
At the same time, Centravis CEO Yuriy Atanasov, quoted by the company’s press service, noted that even in the conditions of war and its challenges (shelling of infrastructure, disruption of logistics, power outages, undermining of the Kakhovskaya HPP dam), the company aims “not only at survival, but also at further trade expansion around the world”.
It is recalled that this year Centravis opened a new production facility in Uzhgorod with a total investment of more than UAH 50 mln. The branch specializes in tooling tubes for cars of well-known manufacturers.
According to Atanasov, these and other steps are aimed at increasing production volumes in the current and subsequent years and creating conditions for strengthening the company’s sustainability.
“Centravis was founded in 2000 and is among the top ten largest seamless stainless steel pipe manufacturers in the world. Its main production facilities are located in Nikopol (Dnepropetrovsk region), and in 2023 the company opened a branch in Uzhgorod.
The company employs more than 1400 people.
The geography of the company’s supplies exceeds 50 countries of the world. Currently “Centravis” has offices in the USA, Germany, Italy, Switzerland, Poland, United Arab Emirates. “Centravis” cooperates with Benteler Automotive, Buhlmann Group, Webco – with different companies on different continents.
Centravis Ltd. holding was established on the basis of CJSC “Nikopol Stainless Pipe Plant”, service and trading companies of LLC “Production and Commercial Enterprise “YUVIS”. Its shareholders are members of the Atanasov family. Centravis Ltd. owns 100% of shares of Centravis Production Ukraine PJSC.
Agro-industrial group of companies “Ovostar Union”, one of the leading producers of eggs and egg products in Ukraine, decided to direct all net profit for 2022 in the amount of $6.087 million to the reserve of retained earnings and not to pay dividends.
According to the company’s announcement on the Warsaw Stock Exchange before the opening of trading on Monday, the relevant decision was made by the shareholders’ meeting on July 14.
At the same time, it approved the payment of an interim dividend for 2022 for EUR3.9m, which had already been made in January this year.
Other decisions of the meeting include fixing the ceiling of total remuneration to the board of directors this year at EUR0.5m and authorizing the board of directors to select an independent auditor in a tender.
Ovostar Union Group is a vertically integrated public holding company, one of the leading producers of chicken eggs and egg products in Europe. The producer has been a certified exporter to the EU since 2015.
The group’s holding company, Ovostar Union N.V., IPOed 25% of its shares on the Warsaw Stock Exchange in mid-June 2011 at PLN62 per share and raised $33.05 million.
On Monday, the company’s shares are listed at PLN58.5, down 1.68% since the beginning of the day. A total of 6 million shares were issued.
“Ovostar earned $8.98 million in net profit in the first quarter of 2023, while it ended the same period last year with a net loss of $16.44 million. Its revenue for the period increased by 70.7% to $47.30 million.”
Ovostar ended 2022 with a $6.09 million net profit, a 3.7 times increase from 2021. Its revenue for the past year increased 1.7% to $135.63 million.
According to the report, by the end of March 2023, Ovostar’s majority shareholder was Prime One Capital Limited – 67.93% controlled by Ovostar CEO Boris Belikov and Chairman Vitaliy Veresenko; Generali Otwarty Fundusz Emerytalny – 10.93%, Fairfax Financial Holdings Limited – 9.09% and Aviva Otwarty Fundusz Emerytalny – 5.02%.
Number of unemployed in Ukraine and job opportunities, May 22 – May 23
Source: Open4Business.com.ua and experts.news
Soybean exports from Ukraine in September-June 2022/23 marketing year (MY), according to operational data, reached almost 3 million tons, which has already become a record seasonal volume of shipments to foreign markets in history, exceeding the previous maximum of the 2016/17 season as a whole (2.9 million tons), the analytical agency “APK-Inform” reported.
“The main importer of Ukrainian oilseeds in the current season remains the European Union with a share of 47% against 40% in 2021/22 MY and an increase in relation to exports in the same period of the previous season in 3.1 times,” the analysts noted.
At the same time, according to the agency, Turkey retains the 2nd place in the ranking of importers of Ukrainian soybeans with a share of 32% against 36% in total exports of this product from Ukraine in the last MY. In this country for 10 months of 2022/23 MY supplies increased by 2.4 times.
Analysts also pointed to a significant increase in shipments to Egypt, especially in May-June of the current season. The share of this country in total soybean exports from Ukraine increased to 15% against 2% in the season 2021/22, while the volume of oilseed shipments in this direction increased 17 times to 440 thousand tons.
Ukrainian Foreign Minister Dmytro Kuleba will pay a working visit to the UN headquarters in New York on July 17-18, the Foreign Ministry’s press service has said.
According to the report published on the website, on July 17, Kuleba will take part in a ministerial meeting of the UN Security Council on Russia’s armed aggression against Ukraine, as well as in a high-level event dedicated to the 25th anniversary of the Rome Statute of the International Criminal Court.
On July 18, the Foreign Minister will address the UN General Assembly debate on the situation in the temporarily occupied territories of Ukraine.
In addition, Kuleba will hold a number of bilateral talks with foreign colleagues, the leadership of the UN Development Program, as well as with a group of permanent representatives of African states to the UN.
The Republic of Korea will increase military and humanitarian aid to Ukraine in 2023, Korean President Yoon Seok-yol said at a briefing after talks with Ukrainian President Volodymyr Zelensky on Saturday in Kiev.
“Last year we provided both body armor, helmets and other necessary ammunition. We hope that this year the level of our assistance will be much higher,” he said.
According to the President, “in May, President Zelensky and I agreed to supply the necessary equipment for such purposes as, for example, humanitarian demining, and we continue to do so. The government of the Republic of Korea allocated last year 100 million dollars in support of Ukraine. This year, that support will amount to 150 million dollars.”
“We also plan to increase aid to Ukraine to rebuild the education system. Last year…we decided to help rebuild destroyed schools. Also, we would like to provide Ukraine with support for future generations through the two presidents’ scholarship,” Yoon Seok Yol said.
According to him, “the situation in Ukraine now is similar to the situation in Korea 70 years ago.” “About 70 years ago, the Republic of Korea was also illegally invaded by North Korea. About 90% of our Korean territory was occupied and we faced the threat of extinction as a state. However, thanks to our military and civilians who helped them as much as possible, we were able to stop the occupier and kick them out of our land,” the president said.
“We have familiarized ourselves with the Formula for Peace that was provided to us and we do believe that it needs to be implemented. Especially since Korea is trying to play a mediating role in peace summits and meetings of countries belonging to the so-called Global South,” the Korean president also said.
