Business news from Ukraine

Business news from Ukraine

NKMZ resumes production and increases exports to Europe and Asia

31 July , 2025  

Novokramatorsk Machine-Building Plant (NKMZ, Kramatorsk, Donetsk region) plans to increase production and sales by 81.5% in 2025 compared to 2024, to UAH 2.08 billion.

The relevant plans are contained in the company’s financial report for 2024, published in the NSSMC disclosure system.

“The company’s activities in 2025 will, with a high degree of probability, be limited. Based on these assumptions for 2025, production plans have been approved for 12,700 tons of machinery and equipment for the metallurgical, mining, construction, lifting, loading, and unloading industries, as well as spare parts,” the report says.

NKMZ notes that this year, the plant’s metallurgical production plans include the manufacture of 21.78 thousand tons of liquid steel, 120 tons of liquid pig iron, 1.1 thousand tons of steel castings, and 100 tons of pig iron, as well as 15.84 thousand tons of forgings.

“The development of projects for the promising further development of the enterprise, the formation of measures aimed at the successful operation of the enterprise, the creation of new equipment and research and development, the technical re-equipment and introduction of resource-saving technologies will begin after the end of the war in Ukraine,” the plant said.

At the same time, measures are planned for 2025 to conduct a supervisory audit of the quality management system by ISOaccelerator to confirm and extend the validity of the ISO 9001:2015 certificate.

The marketing strategy of PJSC NKMZ for the current year is to maintain and expand strategic market segments and increase its presence in Eastern, Central, and Western Europe, and Central Asia.

According to the report, in 2024, the main market segments for NKMZ PJSC products were Asia (54.4% of sales), Europe (24.9%), and Ukraine (17.9%).

In terms of total sales in monetary terms, 55.2% were rolling rolls, 18.1% were metallurgical and rolling equipment, 7.3% were mining and ore equipment, and other equipment accounted for 19.4%.

Investments in production development last year amounted to UAH 28.15 million.

As reported, in 2024, NKMZ’s net income increased 3.2 times compared to the previous year, reaching UAH 1 billion 146 million, with exports to European and Asian countries accounting for UAH 941.3 million (82%). Net profit amounted to UAH 36.33 million (in 2023, the company reported a loss of UAH 856.93 million).

At the same time, in 2024, Slovakia, Lithuania, Egypt, and Luxembourg joined Uzbekistan, Kazakhstan (where exports fell 12.3 times over the year), and India (where exports grew 31 times) as the largest importers of NKMZ products. Supplies within Ukraine increased 5.2 times to UAH 204.6 million.

NKMZ, whose capacity was forced to be mothballed with the start of the full-scale military invasion of Ukraine by the Russian Federation, began to partially resume operations in October 2023.

NKMZ is a city-forming enterprise in Kramatorsk, the largest in Ukraine in the production of rolling, metallurgical, forging and pressing, hydraulic, mining, lifting and transport, hydraulic and railway equipment.

Before the war in 2021, the company’s net income exceeded UAH 6 billion.

At the beginning of 2023, the average number of employees exceeded 7,200, and at the beginning of 2025, it was 5,660.

 

, , , ,