Business news from Ukraine

SAINT-GOBAIN TO INVEST EUR 65 MLN IN BUILDING PLANTS IN IVANO-FRANKIVSK

KYIV. March 7 (Interfax-Ukraine) – Saint-Gobain international industrial group of companies intends to invest EUR65 million in the construction of two plants for production of construction materials in Tlumach district of Ivano-Frankivsk region.

President of the Ivano-Frankivsk Chamber of Commerce and Industry Andriy Levkovych told Interfax-Ukraine the construction of the first plant for production of construction mixtures is to be completed in the end of 2017.

The construction of the second plant, which will specialize in production of drywall, is scheduled for late 2017-early 2018.

“The company plans to create about 300 jobs. It will be a complex: production of construction mixtures, packaging, sorting, mixing, production of drywall. Both plants will be located near Khotymyr gypsum deposit,” Levkovych noted.

As reported, in 2012 Ivano-Frankivsk City Council granted 15 hectares of land in the territory of the Khryplyn industrial site to Saint-Gobain for construction of a plant for production of plasterboard.

MHP TO INVEST $27 MLN IN BIOGAS COMPLEX AT VINNYTSIA POULTRY FARM

KYIV. March 7 (Interfax-Ukraine) – Myronivsky Hliboproduct (MHP) has announced a project for building a new biogas complex at Vinnytsia poultry farm.

According to a company press release, this project will be implemented within the planned expansion of Vinnytsia poultry complex and foresees two stages. At the first stage, 460 tonnes of chicken manure per day will be processed, at the second stage this amount will double. When construction is finished in 2020, the design capacity of the complex will be 20 MW. The approximate cost of the biocomplex is about $27 million.

“This is a unique project for processing chicken manure, which will not only be the largest one in Ukraine but also in the world. And its main component is environmental friendliness,” company chairman Yuriy Kosiuk said.

According to him, the biogas complex will allow solving the problem of poultry waste utilization and production of energy for own needs.

A biogas plant with a capacity of 5 MW has been operating at Orel-Leader poultry farm, which belongs to MHP, since 2012.

Myronivsky Hliboproduct is the largest poultry producer in Ukraine. It is also engaged in production of grains, sunflower oil, and meat.

KERAMPROM POSTS 14.7% RISE IN NET PROFIT IN 2016

KYIV. March 7 (Interfax-Ukraine) – PJSC Keramprom (Artemivka, Donetsk region) saw net profit rise by 14.7% in 2016 as compared to 2015, to UAH 50.273 million.

According to a company report in the press on a shareholders’ meeting scheduled for April 7, its retained earnings in 2016 increased by 19.7% compared to the previous year and amounted to UAH 55.412 million.

The company’s assets increased by 7.1%, to UAH 88.015 million, while net worth rose by 15.6%, to UAH 83.816 million.

Total debtor indebtedness in 2016 decreased by 15.3% compared to 2015 and amounted to UAH 44.833 million.

The company’s current liabilities fell by 2.3 times, to UAH 4.199 million. Long-term liabilities by the end of 2015 were UAH 206,000 and there were no long-term liabilities by the end of 2016.

The company’s staff in 2016 amounted to 54 people compared with 51 people a year earlier.

Keramprom was established in 1997. It is engaged in extraction of clay and kaolin.

ORGANIC GRAIN HANDLING COMPLEX TO BE BUILT IN RENI SEAPORT

KYIV. March 6 (Interfax-Ukraine) – Bio-Line-Reni LLC plans to build an organic food handling complex at the Reni seaport. This would add new cargo flow of up to 120,000 tonnes a year, Ukrainian Sea Port Authority has reported.

According to the report, Bio-Line-Reni is implementing the project in pursuance to the law on the Reni special economic zone. The number of ships entering the port would increase by 80-90. The expected volume of private investment is $1.6 million.

According to the authority, extra tax payments from the launch of the complex could reach UAH 762,000, and in two years from the moment of its launch budget payments could total UAH 3-3.5 million.

The ultimate beneficiary of Bio-Line-Reni LLC is Yulia Voitkiv, according to the unified register of companies.

POROSHENKO TO VISIT UK TO TAKE PART IN CONFERENCE ON UKRAINIAN REFORMS – DEPUTY CHIEF OF STAFF

KYIV. March 6 (Interfax-Ukraine) – Deputy Head of the Presidential Administration, Konstiantyn Yeliseyev has said Ukrainian President Petro Poroshenko intends to visit London, the United Kingdom, to attend the conference which will showcase the results of reforms in Ukraine.

“We have agreed that in the first half of this year, our president will make a visit to London, where hopefully he will open a large-scale conference on Ukraine, which will be dedicated to Ukraine’s progress in carrying out reforms,” the deputy head of the presidential administration said on the Inter TV channel on Sunday evening.

Earlier, during his visit to Kyiv, British Foreign Secretary Boris Johnson said that the conference dedicated to the reforms in Ukraine will be held in London in July.

KHARKIV TRACTOR PLANT TO PRODUCE 150 TRACTORS EVERY MONTH – OWNER

KYIV. March 6 (Interfax-Ukraine) – Public joint-stock company Kharkiv Tractor Plant plans to reach monthly production of 150 tractors, the owner and president of DCH, Oleksandr Yaroslavsky, who owns around 92% of shares of the plant, has said.

“Since February 11 [when production was resumed after a 10 month idle period] as of today we have produced around 70 tractors. We plan to produce 150 tractors a month,” he told reporters last week.

He said that around 30% of the products will be sold on the domestic market.

“Sales market? Ukraine’s share is around 30%, and the rest [will go to] Kazakhstan, Uzbekistan, Azerbaijan and Iran,” he said.

He confirmed that he plans to invest UAH 200 million in the plant. He said that he paid wages for 10 months of idle period – UAH 73 million.