Metinvest Group’s Central, Ingulets and Northern Mining and Processing Plants (MPPs), which were transformed into United Mining and Processing Plants (UMPP) in January-September 2024, paid UAH 4.7 billion in taxes, up twice year-on-year.
According to the company’s press release on Thursday, in the same period last year, the GOKs paid UAH 2.3 billion.
Igor Tonev, CEO of the GOKs, noted that despite the wartime situation, Metinvest’s GOKs remain not only an economic support for the region but also the largest employer.
“We continue to implement a veteran policy for defenders who are gradually returning to their jobs from the front, retrain our specialists and train new team members, adapt and create the most efficient model of mining enterprises today. In addition, mining and processing plants systematically support Kryvyi Rih and communities by implementing joint humanitarian, educational and infrastructure projects,” Tonev emphasized.
As reported earlier, Metinvest is implementing a new model for the operation of Kryvyi Rih mining enterprises, uniting the mining and processing plants in Kryvyi Rih under a single management.
“Given the current challenges, with no objective way to bring the workload of the GOKs to the optimal level, we are looking for the effect of combining their capabilities and business processes. To this end, the company sees its GOKs not as separate facilities with separate teams, but as one large production site and one large team, and tries to use the advantages of each GOK in a single technological chain. The creation of a single administrative and management center, so to speak, a consolidated GOK, will significantly simplify, speed up and increase the efficiency of these processes, as well as contribute to the creation of new synergies between the enterprises,” explained Yuriy Ryzhenkov, CEO of Metinvest, earlier.
“Metinvest comprises mining and metallurgical enterprises located in Ukraine, Europe and the United States. Its main shareholders are SCM Group (71.24%) and Smart Holding (23.76%), which jointly manage it.
Metinvest Holding LLC is the management company of Metinvest Group.
Ukrzaliznytsia (UZ) will start equipping long-distance night trains with Wi-Fi in 2025, according to Oleksandr Pertsovsky, chairman of the board of Ukrzaliznytsia.
“We will start adding the Internet to night trains gradually. We will work on this in 2025,” Pertsovsky said at a meeting with journalists on Thursday.
He did not specify when exactly the installation of Wi-Fi equipment in long-distance trains would begin, noting that it would happen “during 2025.”
Earlier, UZ announced the launch of free Wi-Fi in ten Intercity and Intercity+ trains.
Internet access systems have already been installed on 10 Hyundai trains, two Skoda trains, two Tarpan trains, and two trains with MPLT cars. Wi-Fi access remains free for passengers during the trial period. Travelers can use 1 GB of traffic at a speed of 10 Mbps by logging in to the on-board portal portal.uz.com.ua.
In July, in response to a request from Interfax-Ukraine, UZ announced that it had installed the necessary equipment to provide Wi-Fi access on 75% of high-speed trains.
After a short-term decline in prices a week earlier, greenhouse cucumbers have risen in price again in Ukraine, according to analysts of the EastFruit project. The resumption of positive price trends is associated with a reduction in the supply of imported products on the domestic market. Recall that before the recent price decline, cucumbers were rising in price for 5 weeks in a row, setting new price records this season.
Today, wholesale consignments of greenhouse cucumbers in Ukraine go on sale at 90-120 UAH/kg ($2.19-2.92/kg), depending on the variety, quality and volume of the consignment. A week earlier, the price range in this market segment was in the range of 70-100 UAH/kg ($1.7-2.43/kg).
According to the market operators, the supply of imported vegetables has decreased and cannot fully cover all the requests from buyers, which does not contribute to the stabilization of the price situation in this segment.
It is worth noting that Ukrainian plants are now able to ship cucumbers at an average price 33% higher than in the same period last year. At the same time, market participants are confident that price growth in this segment may continue in the near future, as only new voluminous supplies of imported greenhouse vegetables to the domestic market can change the current situation.
More detailed information on the development of the market of greenhouse cucumbers and other fruit and vegetable products in Ukraine you can get by subscribing to the operational analytical weekly – EastFruit Ukraine Weekly Pro. Detailed information about the product is available here.
Source: https://east-fruit.com/novosti/ogurtsy-opyat-dorozhayut-v-ukraine/
DTEK Energy’s machine-building enterprises manufactured and repaired 1,039 units of mining equipment in 10 months of 2024.
“The key products include 11 new roadheaders and shearers. The machine builders also met the needs of miners with 831,000 spare parts and components,” the company said in a press release on Friday.
“Power engineers are not giving up and are carrying out restoration work 24/7. Ukrainian miners also continue to work hard to provide thermal generation with the necessary fuel. Machine builders are also at their best, making sure that miners have all the equipment they need to produce coal,” said DTEK Energy CEO Aleksandr Fomenko.
Thanks to the support of machine builders in equipment, the company’s miners have commissioned 18 new longwalls in 10 months of 2024 and plan to commission eight more by the end of the year.
The company’s investments in Ukrainian coal mining are expected to reach about UAH 7.6 billion by the end of the year.
As reported, in 2023, the company’s investments in Ukrainian coal mining amounted to about UAH 7 billion, which is almost twice as much as in 2022.
“DTEK Energy provides a closed cycle of electricity generation from coal. As of January 2022, the company’s installed capacity in thermal generation amounted to 13.3 GW. The company has established a full production cycle in coal mining: coal mining and enrichment, mechanical engineering, and maintenance of mine equipment.
Currently, most of DTEK Group’s thermal generation facilities have been destroyed as a result of Russian attacks.
Ukrposhta JSC, as part of a joint project with the European Bank for Reconstruction and Development (EBRD), has announced two tenders for the purchase of 60 tractors and 60 semi-trailers with related full service services under the Ukrposhta logistics development project, which is scheduled to be implemented in 2025.
According to the announcement on the EBRD’s procurement portal, bids will be accepted until January 15, 2025.
“Updating the fleet with modern tractors with semi-trailers will optimize routes and reduce delivery time,” the announcement on the ProZorro portal reads.
An explanatory online meeting with interested suppliers is planned for mid-December 2024, where they will be able to ask questions about the tender documents.
As reported, on November 19, Ukrposhta announced a second tender for the purchase of 100 trucks under a project with the EBRD for the development of Ukrposhta’s logistics with implementation in 2024-2025.
In addition, Ukrposhta is also accepting bids until December 8 for the purchase of 880 electric courier scooters with loans and a grant from the EBRD, and in early October announced the purchase of 1745 electric postal tricycles.
As of June 30 this year, the company had about 28.84 thousand points of presence in Ukraine and 33.64 thousand employees.
The company’s revenues for the first half of 2024 increased by 10.6% year-on-year to UAH 6 billion 170.2 million, while net loss decreased by 34.5% to UAH 428.1 million.
Astarta Agro Holding, the largest sugar producer in Ukraine, increased its net profit by 35.1% in January-September 2024 compared to the same period in 2023, to EUR75.60 million, according to the company’s report on the Warsaw Stock Exchange.
According to the report, consolidated revenue increased by 12.6% to EUR441.46 million, while gross profit grew by 20.3% to $183.98 million and EBITDA by 12.8% to $131.56 million.
It is indicated that the results of the sugar production segment accounted for 38% of total sales or EUR169 million, which is 19% more than in the same period last year.
According to the report, agriculture accounted for 33% of Astarta’s revenue, or EUR146 million, up 28% year-on-year, while livestock revenue increased by 22% to EUR37 million.
At the same time, sales from soybean processing decreased by 17% year-on-year to EUR77 million.
It was specified that the share of exports is 64% of consolidated revenue, or EUR283 mln, compared to 46% in the first nine months of 2023.
Taking into account the data for the first half of the year, Astarta managed to improve its performance in the third quarter.
As reported, in the first half of 2024, the agricultural holding reduced its net profit by 13.9% compared to the first half of 2023 to EUR 47.11 million and EBITDA by 11.7% to $85.83 million, while revenue increased by 11.6% to EUR 320.71 million.
“Astarta is a vertically integrated agro-industrial holding company operating in eight regions of Ukraine. It comprises six sugar factories, agricultural enterprises with a land bank of 220 thousand hectares and dairy farms with 22 thousand cattle, an oil extraction plant in Globyno (Poltava region), seven elevators and a biogas complex.
In 2023, the agricultural holding reduced its net profit by 5.0% to EUR 61.9 million, and its EBITDA decreased by 6.1% to EUR 145.77 million, while revenue increased by 21.3% to EUR 618.93 million.
