KYIV. Oct 25 (Interfax-Ukraine) – The EBITDA of Kernel, one of the largest Ukrainian agricultural groups, could increase to $495 million in the 2021 fiscal year (FY, July 2020-June 2021), reads a report by the company on the website of the Warsaw Stock Exchange.
According to the report, such data were presented during a conference call with investors.
In 2017 EBITDA was $319 million.
According to Kernel forecasts, production of bulk sunflower oil by 2021 will grow by 41%, to 1.877 million tonnes, sales by 38%, to 1.753 million tonnes, EBITDA in this segment by 2.1 times, to $176 million compared to 2017 FY.
EBITDA in the segment of bottled sunflower oil by 2021 FY will increase by 15%, to $20 million, while production volumes will remain at the level of 2017, at 131 million liters.
The company expects EBITDA in the agrarian segment in 2021 FY to increase by 5% compared to 2017 FY, to $151 million, in transshipment by 1.9 times, to $90 million, grain trading by 1.7 times, to $40 million, in the elevator direction by 1.5 times, to $60 million.
According to the report, the development strategy of the company until 2021 provides for an increase in grain transshipment from 4.5 million tonnes to 8.9 million tonnes, and grain sales from 4.5 million tonnes in 2017 FY to 8.9 million tonnes in 2021 FY.
KYIV. Oct 25 (Interfax-Ukraine) – The Cabinet of Ministers of Ukraine has approved the communication strategy in the field of European integration for 2018-2021.
The corresponding decision was made at a government meeting on Wednesday, an Interfax-Ukraine correspondent reported.
To monitor and coordinate the implementation of the strategy, a consultative body is being set up – a coordinating council for the implementation of the strategy headed by Deputy Prime Minister for European and Euro-Atlantic Integration Ivanna Klympush-Tsintsadze.
The result of the implementation of the strategy should be the conscious support by wide segments of Ukraine’s population of European integration as the implementation of reforms in the country that are oriented toward achieving political stability, developing democracy, respect for the rule of law, and increasing support for Ukraine’s accession to the EU.
KYIV. Oct 25 (Interfax-Ukraine) – Ukraine has started the eighth round of negotiations on the signing of the free trade agreement (FTA) with Turkey, Deputy Minister of Economic Development and Trade, Ukraine’s trade representative Natalia Mykolska has said on her Facebook page.
“During the recent visit of President Erdogan [Turkish President Recep Tayyip Erdogan] to Ukraine special attention was paid to the increase of trade and intensification of the negotiations,” she wrote.
As reported, the FTA with Canada took effect on August 1, 2017.
Earlier representatives of the government said that the next FTA Ukraine could sign with Israel.
KYIV. Oct 24 (Interfax-Ukraine) – Kherson State Plant Pallada has completed building the new Ereneos composite dockage facility with a capacity of 7,100 tonnes on the order of Cypriot Multimarine Shipyards Ltd.
The plant told Interfax-Ukraine the enterprise had already completed testing the facility, its transfer to the customer is being prepared.
“Despite difficult weather conditions, during the testing all previously declared characteristics of the floating dock have been confirmed by the representatives of the owner and the American Bureau of Shipping (ABS). At present the classification of the dock at the ABS is being completed, after which it will be handed over to the customer,” the plant said.
He said after the transfer to the customer, the floating dock will be towed to Cyprus, where it will begin work in the port of Limassol.
Pallada plant is the only shipbuilding company in the world specializing in building the next generation composite floating docks for civil and navy fleet. The warranty period of operation of the equipment is 50 years.
Among the customers of the company are Japan, South Korea, Finland, Bulgaria, Turkey, Algeria, Croatia, France, and the Republic of South Africa.
Pallada has been part of Ukroboronprom state concern under the decision of the government of Ukraine since April 2011.
KYIV. Oct 24 (Interfax-Ukraine) – Some 154 new commodity items have been added to the list of exports to Canada, including special vehicles for $3 million, copper bars and profiles for $2.9 million and turbojets for $1 million, Deputy Minister of Economic Development and Trade, Ukraine’s trade representative Natalia Mykolska has reported.
“The largest growth was in non-raw materials. The rise concerns such positions as devices on rare crystals, sound electrical equipment, flour, equipment for processing rubber and plastic, equipment using X-rays, printing equipment. As for agricultural products, they include juice, honey, and sunflower oil. That means that positions with high added value are growing,” she said.
She added in monetary terms the new 154 export positions make up $10.2 million in total exports. In general, for the eight months exports of goods to Canada increased by 70.9%, or by $12.9 million compared to January-August 2016, to $31.2 million.
Canadian Ambassador to Ukraine Roman Waschuk noted exports in the new niche segments are growing most significantly, and in some of them the growth reaches 500% to 8,000%.
“Such figures mean that the new niches, previously unoccupied, are being occupied. The matter concerns energy equipment and agricultural machinery. Experience shows the increase in exports occurs initially at the expense of filling new niches and only then moves to the expansion of already existing export sectors,” he said.
KYIV. Oct 24 (Interfax-Ukraine) – Latvian Railways is ready to lease some of unused locomotives to Ukraine.
According to an Interfax-Ukraine correspondent, such an initiative was announced by the director of production at the company at the international conference “Carriage Building and Rolling Stock Repairs” in Kyiv.
“We have free locomotives due to the fact that our carriers use more locomotives with a capacity of 6,000 hp. As we, the rolling stock service, are the owners of this rolling stock, I think we could lease them to Ukraine until you solve your problem with traction, we are ready,” he said.
Earlier Ukraine has repeatedly announced the problem of shortage of rolling stock and its critical wear and tear.
