KYIV. Aug 30 (Interfax-Ukraine) – State-owned Ukrainian rocket maker Pivdenmash (also known as Yuzhmash) Machine Building Plant is preparing a new batch of engines for the European launch vehicle (LV) Vega to ship to the European partners, the press service of the enterprise has reported.
According to the report, in Q2 2017 Pivdenmash produced two liquid fuel rocket engines RD-843 and prepared them for shipment to the customer.
The Vega was designed by the European Space Agency (ESA) in collaboration with the Italian Space Agency (ASI) for carrying satellites with a weight up to 1,200 kilos to a 1,200-kilometer Sun-synchronous orbit and satellites with a weight of 1,500 kilograms to a 700-kilometer polar orbit.
The contract to design and supply of the cruise engine of the fourth stage of Vega LV between Pivdenne (Yuzhnoye) Design Bureau and Pivdenmash and Italy’s Avio SpA was signed in February 2004.
In April 2012, the partners signed a three-year contract with Avio SpA to supply first batch production engines. The contract can be extended. In July 2017 the parties extended the contract until 2020.
The Ukrainian government and the ESA signed an agreement on cooperation in peaceful uses of outer space in 2008. The ESA unites 17 European countries.
KYIV. Aug 30 (Interfax-Ukraine) – The State Property Fund of Ukraine (SPF) has sold 33.3% of shares in private joint-stock company Ukrainian-Kazakh-Russian JV Enterprise for Nuclear Fuel Production (Kyiv) at an open auction for UAH 47.8 million, which is 51.9 times more than the starting price, to Wise Trade LLC (Kyiv).
An Interfax-Ukraine correspondent has reported that the starting price of the stake was UAH 921,000. The bid increment was UAH 92,100.
Five bidders took part in the auction, and only two bidders increased their bids during the auction.
Deputy SPF Head Yuriy Nikitin told Interfax-Ukraine that he is satisfied with the results of the auction. Over 500 bid increments were made at the auction.
He said that the results of the auction and the number of bidders who took part in it confirm that the SPF organizes open and transparent auctions, and both Ukrainian and foreign companies can take part in them.
Nikitin expressed hope that Wise Trade will soon send the funds for the purchase of 33.3% of shares in the company.
Andriy Karimov fully owns Wise Trade LLC with the charter capital of UAH 229,565.
The JV was established in late 2001 with the aim of developing cooperation between nuclear power enterprises in Ukraine, Kazakhstan and the Russian Federation. Its shareholders in equal shares are the State Property Fund of Ukraine, Kazatomprom and TVEL.
KYIV. Aug 30 (Interfax-Ukraine) – Famous Mexican architect Fernando Romero, a global investor and representative of the Romero-Slim family, believes that Ukraine is an interesting market for possible investment thanks to a large growth potential.
Romero told reporters in Kyiv on Tuesday that he is interested in airports, seaports, logistics and modern infrastructure projects.
The architect said that Ukraine has a lot of in common with Mexico – from a large gap between the rich and the poor to the proximity to larger and richer markets. However, its domestic market is also interesting, taking into account 40 million of population.
He said that among positive moments is the progress in the country seen in the past three years and the Deep and Comprehensive Free Trade Area (DCFTA) Agreement with the EU.
Romero said that today is the right moment to invest in Ukraine and implement public private or concession projects.
At the invitation of his strategic adviser for investment in infrastructure and agro-industrial complex in developing countries and managing partner of Octagonal Corporation Ivan Ogilchyn, Romero visited Odesa and Kyiv, in particular, he got acquainted with port infrastructure and metropolitan airports, including Hostomel.
He also met with Prime Minister Volodymyr Groysman.
“The implementation of large-scale infrastructure projects, the launching of landmark and modern architectural solutions in the development of our cities – this is all that strengthens and changes Ukraine, makes it recognizable and competitive in the modern world! I am convinced: Ukraine is interesting for investors. It has a great future in today’s globalized world. Fernando Romero supported me in this!” Groysman wrote on his Facebook page after the meeting.
In addition, the Mexican architect became the main speaker of Urban Talks devoted to the cities of the future and the driving forces of their development.
Romero, son-in-law of billionaire Carlos Slim, is the director of the international architectural firm FR-EE (Fernando Romero EnterprisE), founded by him, with offices in Mexico City and New York, and engaged in industrial design. Among the largest projects being implemented are a new international airport in Mexico City in cooperation with Foster and Partners and Netherlands Airport Consultants, ordered by the federal government with an area of 667,000 square meters. Construction was started in 2014 and will be completed in 2020. An estimated cost of the project is about $10 billion.
One of the most famous projects of Romero as an architect is Museo Soumaya in Mexico City.
KYIV. Aug 29 (Interfax-Ukraine) – Germany’s Leoni AG, which has a factory for production of cable networks for cars in Stryi (Lviv region), is planning to officially open the second plant in Ukraine in Kolomyia (Ivano-Frankivsk region) on September 29, plant director Ruslan Grem has told Interfax-Ukraine.
“President of Ukraine Petro Poroshenko is invited to open the plant,” he said.
The plant will also specialize in production of cable networks for the leading auto brands, in particular for BMW cars. The volume of investments in the plant is EUR16 million.
The director of the plant said the first stage of production will be opened in autumn, while in future it is planned to open four lines increasing in the number of workers and the production area.
“The total area of the enterprise in Stryi, for example, is 64,000 square meters, while that in Kolomyia will amount to 35,000 square meters. Now the plant in Stryi employs more than 7,500 people, in Kolomyia it is planned to employ 1,000 people at the first stage, about 5,000 by 2020,” he said.
Leoni, founded in 1917, is the world’s leader in the field of electrical wiring systems and cable technologies. The company employs more than 82,000 people in 31 countries. In 2016 the company’s sales exceeded EUR4.4 billion.
