Business news from Ukraine

Business news from Ukraine

Sukha Balka mine reduced production of commercial ore by 1.5% in 2024

In 2024, Sukha Balka mine (Kryvyi Rih, Dnipro region), a part of Aleksandr Yaroslavsky’s DCH Group, produced 917 thousand tonnes of commercial ore, down 1.5% from 931 thousand tonnes in 2023.

As Igor Piltek, Deputy General Director and Chief Engineer of the mine, said in an interview with the DCH Steel corporate newspaper on Thursday, crude ore production in 2024 amounted to one million tons, the volume of rock mass was about 7688 cubic meters, cutting operations amounted to 4,986 thousand meters, and well drilling amounted to 92,937 thousand meters.

Plans for 2025 include the extraction of 930 thousand tons of raw ore, 850 thousand tons of commercial ore, excavation of 8000 cubic meters of rock mass, 5200 meters of cutting operations, 91,773 thousand meters of drilling.

The Chief Engineer stated that in 2024, the company allocated UAH 43 million for equipment renewal.

According to him, the mine is implementing energy efficiency projects. At the same time, at the end of last year, the construction of a 2 MW solar power plant began at the Frunze mine, which is planned to be commissioned in the second quarter of 2025.

As reported, Sukha Balka mine produced almost 931 thousand tons of commercial ore in 2023, while in 2022 it produced 1.469 million tons (down 36.5%).

DMZ specializes in the production of steel, pig iron, rolled products and products made from them. On March 1, 2018, DCH Group signed an agreement to buy Dnipro Metallurgical Plant from Evraz.

Sukha Balka mine is one of the leading mining companies in Ukraine. It produces iron ore using an underground method. The mine includes Yubileynaya and Frunze mines. Frunze mine.

DCH Group acquired the mine from Evraz Group in May 2017.

,

“Alo” opened 9 new stores and renovated 54 in 2024

In 2024, the Alo chain opened nine new stores, as well as reopened and renovated 54 outlets in 19 cities, its press service reports.

“In 2024, Allo continued to invest in store development. We are also accelerating our logistics and developing the work of delivery points. In 2025, we will continue to thoroughly analyze the efficiency of the retail space and work on its further optimization,” said Mykola Astapov, Allo’s Director of Development and Formats Nikolay Astapov, Director of Development and Formats at Allo, as quoted in the press release.

According to the report, new stores were opened in Kyiv, Lviv, Ternopil, Vinnytsia and Bakhmach. In total, as of the beginning of 2025, the chain has 292 Alo, Alo Max, Alo Express stores and Mi Store stores in 100 cities of Ukraine.

Allo was established in 1998. According to the Opendatabot resource, the company’s shareholders are PE Dniproinvest 2016 (95.19%), Dmytro Derevytskyi (3.6%), and Maksym Raskin (1.21%). Derevytskyi is listed as the ultimate beneficiary.

,

Bloomi LLC increased production by 10.6% in 2024

Bloomi LLC (Odesa), a manufacturer of sanitary and hygienic paper products under the Snow Panda brand, produced UAH 406.13 million worth of products in 2024, up 10.6% from 2023.

According to statistics provided by UkrPapir Association to Interfax-Ukraine, the company accelerated the growth rate of this indicator over the year, with a 3.7% increase over 11 months compared to the same period in 2023.

In terms of volume, the company’s production of toilet paper increased by 5.7% to almost 48 million rolls.

As reported, last year the main Ukrainian producers of sanitary paper products produced 640.43 million rolls of toilet paper, up 4.5% year-on-year.

Bloomi, which was registered in 2014, produces sanitary products (toilet paper, napkins, towels) based on cellulose from imported raw paper. The products are manufactured at the facilities of Omega Brokers, one of Ukraine’s leading manufacturers of detergents, disinfectants, and sanitizers.

In 2023, according to UkrPapir, the company almost doubled its production volume compared to 2022, to UAH 367.3 million.

The company is co-owned equally (25% each) by four Odesa-based entrepreneurs.

DTEK invested UAH 11 bln in restoration of TPPs and coal mining in 2024

DTEK Group invested UAH 11 billion of its own funds in the restoration of thermal power plants (TPPs) and coal mining in 2024.

“UAH 3 billion was spent on the restoration of TPPs. This made it possible to return more than half of the destroyed capacities to operation before the start of the heating season,” the energy holding said in a telegram channel on Friday.

The company invested UAH 7.5 billion in the mines’ operations: capital repairs, equipment upgrades, and modernization of transport. This ensured coal reserves for the stable operation of the stations.

As the company reminded, last year Russia carried out 13 massive attacks on the Ukrainian energy system, 10 of which were aimed at DTEK’s thermal power plants. At the most critical point of the year, 90% of the facilities were destroyed.

As reported, DTEK Energy BV, the holding company of DTEK Energy, ended 2023 with a net profit of UAH 13.675 billion against a net loss of UAH 5.798 billion in 2022.

“In 2023, DTEK Energy also invested about UAH 11 billion in the repair campaign at thermal power plants and Ukrainian coal mining, which is almost twice as much as in 2022, when investments amounted to about UAH 6 billion.

On February 12, Ukrainian Fruit and Vegetable Association will hold the International Conference “Profitable Agribusiness 2025: Education, Technology. Finance”

On February 12, 2025, the long-awaited V anniversary conference “PROFITABLE AGRICULTURE 2025: Education.Technologies.Finance” will be held within the framework of AgroSpring exhibition, organized bySapienza agro-media agency together with Ukrainian Fruit and Vegetable Association (UFPA ) and Kyiv Contract Fair.

Venue: Conference area of Pavilion 3 of the International Exhibition Center (IEC, Kyiv)

Start time: 11:30

Conference partner: AgriAcademy educational platform

Registration is already open.(https://docs.google.com/forms/d/1K9GTH-ZnNx7hlBsjzQZmfB_J9dtVa2i1N1Abas5Q5_4/viewform?edit_requested=true

What awaits you?

The conference will become a central platform for discussing the latest approaches to increasing the profitability of agribusiness, financial strategies, innovative technologies and professional development opportunities.

Particular attention will be paid to financial support for agricultural producers, including grants and subsidies, as well as the development of education that helps communities, associations and entrepreneurs to innovate and remain competitive in the market.

Key topics of the conference:

  1. Financial strategies to increase profitability:
    • How to restore profitability in the post-war market?
    • Optimizing supply chains to maximize revenues.
  2. Innovations and high value crops:
    • Niche crops and new markets.
    • Innovative technologies to increase margins.
  3. Processing as a source of stable income:
    • Local processing enterprises: success cases.
    • How does export of finished products create added value?
  4. Investments and financing:
    • How to attract investors for projects in the agricultural sector?
    • Grant programs and other co-financing opportunities.
  5. Education for sustainable development:
    • Presentation of professional courses from AgriAcademy.
    • Case studies of successful partnerships with communities and associations.
    • Awarding ceremony for the winners of the training program competition.

Who will benefit the most from participation?

We invite farmers, agricultural producers, SMEs, communities, associations, and all those interested in agribusiness development.

Participation is free!

Registration is already open.(https://docs.google.com/forms/d/1K9GTH-ZnNx7hlBsjzQZmfB_J9dtVa2i1N1Abas5Q5_4/viewform?edit_requested=true)

Secure your place among the leaders of Ukraine’s agricultural sector!

For additional questions, please call: +380 519 93 02.

Don’t miss the opportunity to learn how your agribusiness can open up new horizons in 2025. Make your contribution to the development of the agricultural sector together with industry leaders!

Ukrnafta drills first well in 13 years at one of its youngest and most promising fields

PJSC Ukrnafta has drilled the first well in 13 years at one of its youngest and most promising fields, the company’s press service reports. The company plans to build ten more new wells there – five in 2025 and 2026.

At the same time, the field is expanding its pipeline capacity, as the current infrastructure is not able to handle the expected production.

“We are actively working at one of Ukrnafta’s youngest fields, discovered in 1990. The working conditions are extremely difficult – 1080 meters above sea level, mountainous terrain, lack of sufficient communications. The last time new facilities were built there was in 2011,” said Sergiy Koretsky, the company’s director.

According to him, the company is working at the field with its own rigs, as the market refused to buy them due to the great complexity.

“Ukrnafta is Ukraine’s largest oil producer and operator of a national network of filling stations. In March 2024, the company took over the management of Glusco’s assets and operates 547 filling stations – 462 owned and 85 managed.

The company is implementing a comprehensive program to restore operations and update the format of its filling stations. Since February 2023, the company has been issuing its own fuel coupons and NAFTAKarta cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.

“Ukrnafta holds 92 special permits for commercial development of fields. It has 1832 oil and 154 gas production wells on its balance sheet.

Ukrnafta’s largest shareholder is Naftogaz of Ukraine with a 50%+1 share.

In November 2022, the Supreme Commander-in-Chief of the Armed Forces of Ukraine decided to transfer to the state a share of corporate rights of the company owned by private owners, which is currently managed by the Ministry of Defense.