Business news from Ukraine

Business news from Ukraine

Innovative park will be created in Zhytomyr region

850 hectares of industrial hemp will be planted in Zhytomyr region as part of the launch of a project for the production and processing of bast crops, which should be launched on the basis of the industrial park Ma’Rijanny in 2024, said French-Ukrainian businessman, ex-mayor of Hlukhiv Michel Terestchenko.
“Our Ukrainian industrial park project for technical hemp is off to a good start. This spring, the first significant park developments in the small village of Ryzhany (Zhytomyr region) will begin,” he wrote on Facebook.
According to the expert, the production of special agricultural equipment and a production line for the project has already begun in Western Europe. Negotiations were also held with local farmers to prepare for sowing and harvesting 850 hectares of technical hemp. The first contract was signed with Florian Garnier, CEO of Champs Elysées Ltd, whose business has 10,000 hectares in the region and will supply hemp for processing into textiles.
The Industrial Park Ma’Rijanny, according to information on its website, will be the first park in Europe for the primary processing of bast crops, in particular technical hemp and flax. The production site of 30 hectares is located in the village of Ryzhany, Zhytomyr region. Some 7,000 square meters of production and 12,000 square meters of storage space are ready for work, 180,000 square meters are prepared for construction. The second phase of construction of the project provides for the expansion of production facilities twice – up to 14,000 square meters and warehouses three times – up to 36,000 square meters, according to the website of the project.
Currently, the project initiators are looking for partners who are ready to provide commercial, industrial and infrastructure facilities with the subsequent possibility of leasing them to residents. Particular interest is expressed in cooperation with those wishing to build power generation facilities based on renewable energy sources or by generating energy from by-products that will be produced by the park.

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Waste recycling plant to be built in Lviv by end of year

Construction of a waste processing plant in Lviv is planned to be completed by the end of this year, the construction work is 25% complete, said Mayor Andriy Sadovoy.
“Inspected the construction of the waste processing plant. Now 100% of design and 25% of construction works are already done. By the end of the year we plan to finish the construction. The next stage – installation of equipment”, – the mayor wrote in Facebook on Monday.
He reminded that the construction is being done by a Polish company Control Process S.A., which has experience of similar works. Capacity of the plant will amount to 250 thousand tons per year.
In addition, the reclamation of the Gribovichi landfill continues, more than 90% of the work has already been completed, Sadovaya added.
As reported, on June 1, 2018, the Lviv City Council and the European Bank for Reconstruction and Development signed an agreement for a total amount of EUR35 million intended for the construction of a waste recycling plant and reclamation of the Grybovychi landfill.

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II Scientific and Practical Conference “Green Construction” will be held on April 13-14, 2023

II Scientific and Practical Conference “Green Construction” will bring together leading experts and business representatives in the field of environmentally friendly construction

On April 13-14, 2023, the II Scientific and Practical Conference “Green Construction” will be  held.

 

The event will bring together representatives of government agencies, education and science, NGOs, business, top managers, leading experts, journalists and stakeholders in the field of energy-efficient and environmentally friendly green construction.

The event will be held in a mixed mode, participation is free of charge.

Conference materials along with the application form (attachment) should be sent by e-mail to kaflab241ecolog@gmail.com.

The Organizing Committee reserves the right to refuse to publish materials that do not meet the requirements for formatting or are of an abstract nature, as well as to make minor edits to the received materials. Authors receive an electronic version of the conference materials.

Partners:

Kyiv Regional Council; Subcommittee on Urban Development, Improvement and Land Relations within the Development Area of the Committee of the Verkhovna Rada of Ukraine on Organization of State Power, Local Self-Government, Regional Development and Urban Planning; State Enterprise “Research, Design and Technological Institute of Municipal Economy”; Odesa State Environmental University; Lviv Polytechnic National University; Taras Shevchenko National University of Kyiv; National University “Yuri Kondratyuk Poltava Polytechnic”; Yuriy Potebnya Engineering Education and Research Institute of Zaporizhzhia National University; Donbas National Academy of Civil Engineering and Architecture (Kramatorsk); Academy of Construction of Ukraine; Academy of Technical Sciences of Ukraine; Art Studio 22 ART HUB; National Union of Journalists of Ukraine;
International Technology Transfer Association (ITTA); The Agency for the Reconstruction of Ukraine; Czestochowa University of Technology; Azerbaijan University of Architecture and Construction; Georgian Technical University; Experts Club.

The time limit for a presentation is 7-10 minutes.

Contact phone numbers of the conference organizing committee:
Olena Zhukova +38(096)8752104, +38(063)8136063;
Tkachenko Tatiana Mykolaivna +38(067)353-38-77, +38(066)529-91-36

Open4business is a media partner

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Global stainless steel output down 5.2%

Global stainless steel production in 2022 decreased by 5.2% y-o-y to 55.255 million tons, with production decreased in all major regions, according to a press release from The world stainless association (formerly International Stainless Steel Forum – International Stainless Steel Forum, ISSF).
According to the information, stainless steel production in Europe in 2022 decreased by 12.4% to 6.294 million tons in 20221, in USA – 14.8% to 2.017 million tons.
In Asia (excluding China and South Korea), stainless steel production decreased by 4.9% to 7.411 million tons, while in China it decreased by 2% to 31.975 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 9.1% drop in production to 7.557 million tons.
As it was informed the world volume of stainless steel production in 2021 increased by 10,6% in comparison with the previous year, up to 56,289 mln tons. Meanwhile, in Europe, stainless steel production for 2021 increased 13.6% to 7.181 million tons from 2020, and in the U.S. it increased 10.4% to 2.368 million tons. In Asia (excluding China and South Korea), stainless steel production rose 21.2% to 7.792 million tons, while China increased production by 1.6% to 30.632 million tons.
Other regions (Brazil, Russia, South Africa, South Korea and Indonesia) recorded a 42% increase in production, to 8.316 million tons.

Market of new passenger cars in Ukraine grew by 21% – “Ukravtoprom”

Primary new passenger cars in March this year increased by 21% compared to February this year – up to 4,511 units, said “Ukravtoprom” in Telegram-channel.
The Association says that the demand for passenger cars increased 8 times compared with March of the last year, but only because of the low comparison base (March 2022 was the first month of full-scale invasion of Russia into Ukraine – IF-U).
Toyota remains the leader of registrations – 648 units, second place again belongs to Renault with 438 cars (in February the brand was 5th), third place – to Volkswagen with registrations of 432 cars.
Fourth place went to BMW with 355 cars, and Skoda was at the bottom of the list in March with 346 cars.
Bestseller of the first month of spring in the Ukrainian market of new passenger cars was the crossover Renault Duster, which was chosen by 414 buyers.
At the same time more than a third of March market was formed by 10 popular models – Renault Duster is followed by Hyundai Tucson (171 units), then Mazda CX5 (171), Volkswagen ID.4 (149), Toyota RAV-4 (131), Toyota Camry (110), Suzuki Vitara (105), Volkswagen Touareg (101), DongFeng/Honda M-NV (100) and BMW X7 (99 units).
In total, 11.2 thousand new cars were registered in Ukraine in the first quarter, which is almost as much as in the past, states Ukravtoprom.

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European stock indexes are rising thanks to surge in oil producer stocks

Western European stock indices were mostly on the rise on Monday thanks to a surge in shares of oil producers, which reacted to a jump in oil prices.
The Stoxx Europe 600 composite index of the largest companies in the region rose 0.1 percent to 458.31 points by 11:25 a.m.
The British FTSE 100 stock index was up 0.7%, the German DAX – less than 0.1%, the French CAC 40 – 0.3% and the Italian FTSE MIB – 0.4%. Meanwhile, Spain’s IBEX 35 lost 0.3%.
Oil rose more than 5% in trading after 8 out of 20 OPEC+ countries announced a voluntary reduction of oil production from May until the end of the year.
On the news, securities of leading oil industry players jumped in price, including BP Plc (4.4%), TotalEnergies (4.1%) and Shell (4%).
Meanwhile, on Monday it became known that the Purchasing Managers’ Index (PMI) in the euro area processing industry in March fell to 47.3 points from 48.5 points in February, renewing the lowest in four months. Preliminary data from S&P Global, which calculates the indicator, pointed to a drop to 47.1 points.
In Germany, industrial PMI slid to 44.7 points from 46.3 points, in France to 47.3 from 47.4 points and in Italy to 51.1 from 52 points. Meanwhile, in Spain, the indicator rose to 51.3 from 50.7 points.
Shares of UBS Group AG jumped by 4.1% on rumors that the Swiss bank was preparing to lay off 20-30% of its employees amid a merger with rival Credit Suisse. According to the sources of the newspaper SonntagsZeitung, the reduction could affect 25-36 thousand employees of the total staff of the bank, which after the merger will be about 120 thousand people.
The capitalization of the cinema chain Cineworld Group plummeted by 22.5% after the company stopped selling its assets in the United States, Britain and Ireland.
The price of Italian oilfield services company Saipem jumped by 5.5%, industrial Tenaris – by 4.2%, energy company Eni – by 3.9%.
Quotes of French banks BNP Paribas, Societe Generale and Credit Agricole grew by 1.1-1.7%.
The market value of Airbus increased by 1.3% and updated its maximum in five weeks.