Business news from Ukraine

Business news from Ukraine

NIKOPOL FERROALLOY PLANT INCREASES PRODUCTION BY MORE THAN 15% IN FIRST QUARTER

28 April , 2022  

Nikopol Ferroalloy Plant (NZF, Dnepropetrovsk region) in January-March of this year increased its output by 15.5% compared to the same period last year – up to 148.93 thousand tons.

As Interfax-Ukraine was informed by the Ukrainian Association of Ferroalloy Producers (UkrFA), for 3 months. NFP increased the production of silicomanganese by 22.7% – up to 143.48 thousand tons, but reduced ferromanganese and other ferroalloys – by 54.7%, to 5.45 thousand tons (including ferromanganese produced 4.97 thousand tons ).

As reported, in 2021 NFP increased its output by 26% compared to the previous year – up to 646.68 thousand tons. At the same time, the plant increased the production of silicomanganese by 28% – up to 600.64 thousand tons, ferromanganese – by 4.9%, up to 46.04 thousand tons.

The average monthly output of ferroalloys with the stable operation of the enterprise is about 55-60 thousand tons.

NZF is the largest enterprise in Ukraine for the production of silico- and ferromanganese. Uses imported and domestic raw materials for the production of ferroalloys.

NZF is controlled by the EastOne group, created in the fall of 2007 as a result of the restructuring of the Interpipe group, as well as the Privat group (both Dnipro).

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