Prometey Group of Companies has decided to close three of its 28 grain elevators, as well as to reduce its workforce, which currently numbers more than 1,200 people, according to the company’s website.
“In the third year, the war reached Prometey Group of Companies as well. For the first two years we worked with the resources of the pre-war period, but this could not last long. The problems began with the start of the full-scale invasion. We lost seven grain elevators, 2 thousand hectares of land were under occupation. Of course, business suffered a lot. We realize that it will not be the way it was. But we have done and are doing everything possible to establish the work of the company,” – the press service quotes the head of the business development department of the company, Elena Zinovieva.
In “Prometheus” noted that the support of the domestic agro-sector continued only at the beginning of the full-scale invasion. Over time, bank credit programs for the company began to be cut, as a result of which investments in agriculture had to be reduced.
“There is significant pressure on the business from the IRS. Blocking of tax invoices, non-recovery of VAT and unjustified fines have become commonplace for the companies of Prometey agricultural holding. Now two companies of the holding are forced to defend their rights in courts because of illegal actions of tax authorities,” the report adds.
The company hoped for a good harvest in 2024, but the summer in Ukraine was the hottest in the last 100 years. According to the company’s chief agronomist Ilya Troitsky, the harvest of many crops suffered significantly because of this. Although wheat was able to be harvested under favorable weather conditions, yields of soybeans, lentils and sunflowers, which occupied about 7,000 hectares, were extremely low due to the dry summer.
“Despite the difficult conditions Prometey agroholding continues to fight for its survival. However, if the situation does not change soon, the company will have to make radical decisions to save its business,” the report summarizes.
Source: https://prometey.org.ua/post/prometey-borotba-za-biznes-pid-cas-vijni/
PJSC Ukrnafta imports gasoline and diesel fuel according to Euro-5 standards from Sweden, Poland, Lithuania, Greece, and Kuwait, the company’s press service reports.
In particular, it is diesel fuel and gasoline produced by Preem (Sweden), Orlen (Poland), Kuwait National Petroleum Company (Kuwait), Hellenic Petroleum and Motor Oil Hellas (both Greece).
“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 assets and operates 545 filling stations – 460 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, Ukrnafta has been issuing its own fuel coupons and NAFTA cards, which are sold to legal entities and individuals through Ukrnafta-Postach LLC.
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, which belonged to private owners and is currently managed by the Ministry of Defense.
Zakhidnyi Buh PE will build a processing complex for processing soft and durum wheat into flour with a capacity of more than 75 thousand tons per year, Volodymyr Boichuk, the company’s project manager for the Mill and Pasta Factory, said on Facebook.
“This will be the first project of this scale in Ukraine to process durum wheat, which we will launch in 2025. The design capacity of the mills will be more than 75 thousand tons per year. This will make it possible to produce high-quality bakery flour and cereals for pasta production,” he said, adding that preparatory work has already been completed.
At full capacity, the pasta factory is expected to produce about 50,000 tons of various products per year, including traditional pasta of various shapes and instant pasta. The assortment will include more than 50 products.
Zakhidnyi Buh PE was founded in 2003. It cultivates about 65 thousand hectares in Chernivtsi, Ternopil, Volyn and Lviv regions. The company specializes in growing grain and industrial crops, producing and selling seeds, and provides services of elevators and an agrochemical laboratory.
It consists of 10 agricultural divisions, three elevators with a simultaneous storage capacity of 88 thousand tons, a seed plant with a capacity of 200 tons per day, an agrochemical laboratory that provides soil and water analysis services, etc.
The beneficiaries of the agricultural holding are Oksana Drul, Valeriy Ovcharuk and Yuriy Gladun.
According to the Opendatabot index, in 2024, Zakhidnyi Buh PE entered the Top 10 most profitable agricultural companies in Ukraine. It accounted for 5.9% of the top ten’s revenue. It is specified that in 2023, the agricultural holding’s revenue amounted to UAH 86.57 billion.
In January-August this year, Ukrainian enterprises reduced their consumption of rolled metal products by 1.46% year-on-year to 2 million 298.1 thousand tons.
According to a press release issued by Ukrmetallurgprom on Monday, 833.1 thousand tons, or 36.25% of the domestic rolled metal consumption market, were imported during this period.
According to Ukrmetallurgprom, in January-August 2024, steel companies produced 4.318 million tons of rolled metal products (126.6% compared to the same period in 2023). According to the State Customs Service of Ukraine, about 2.853 million tons, or 66.1%, were exported. In January-August 2023, the share of exports amounted to 52.5% (1.790 million tons against a total rolled steel production of 3.410 million tons).
The share of semi-finished products in export deliveries in January-August 2024 amounted to 46.83%, which is almost the same as in January-August 2023 (45.47%).
The share of flat products in export deliveries for the first eight months of this year is significantly higher than in January-August 2023 (39.19% and 34.97%, respectively). The share of long products is significantly lower than in January-August 2023 (13.99% vs. 19.55%).
“In the first eight months of 2024, the domestic market capacity amounted to 2 million 298.1 thousand tons of rolled steel, of which 833.1 thousand tons, or 36.25%, were imported. In January-August 2023, the domestic market capacity amounted to 2 million 328.1 thousand tons, of which 708.1 thousand tons, or 30.42%, were imported. Thus, in the first eight months of this year, there was a decrease in the domestic market capacity by 1.46% compared to the first eight months of last year, with a simultaneous increase in the share of the import component by 5.84%,” the press release states.
The structure of imports for the period under review is still characterized by a significant dominance of flat products over long products (79.74% and 18.80%, respectively). In January-August 2023, the dominance of flat products over long products was also significant (80.30% and 18.71%, respectively).
According to the State Customs Service, the main export markets for Ukrainian rolled steel products in January-August were the European Union (72.0%), Africa (9.7%) and the rest of Europe (7.2%).
Among metallurgical importers, the first place is occupied by other European countries (49.2%), the second – by the EU-27 (28.5%), and the third – by Asian countries (20.6%).
As reported, Ukraine’s rolled steel market increased 2.19 times in 2023 compared to 2022, to 3 million 505.6 thousand tons. The company imported 1 million 118.6 thousand tons, or 31.91% of the domestic rolled steel consumption market.
The state budget for 2025 envisages more than 5 billion UAH for the agricultural sector, Minister of Agrarian Policy and Food Vitaliy Koval said in Telegram. According to the report, 4.726 billion will be allocated for payments per hectare and for the maintenance of cows, sheep and goats.
In addition, UAH 200 million are planned for the restoration and construction of land reclamation systems, UAH 5 million for compensation of ERUs to family farms and UAH 80 million for the provision of favorable interest-free loans to farms.
The state budget envisages 1.37 billion UAH for grants, including for orchards and greenhouses, and 1 billion UAH for demining of agricultural land, the minister explained.
PJSC Ukrnafta invites potential and regular contractors to a series of workshops aimed at improving the transparency and efficiency of procurement processes, including the lease of special equipment for production needs in 2025. These events are part of the company’s strategy to develop long-term and reliable partnerships.
Topics of the first meeting:
Types of services to be procured:
The workshops provide a unique opportunity to get better acquainted with the requirements of PJSC Ukrnafta, learn about the specifics of work and establish cooperation with the largest oil company in Ukraine.
Don’t miss the opportunity to become our partner! Register now to learn more and get answers to all your questions during the workshop.
Date of the meeting: September 18, 2024
Time: 11:00
Venue: Headquarters of PJSC Ukrnafta, 3-5 Nestorivskyi lane, Kyiv, Ukraine
Participation format: Personal presence or online connection via Microsoft Teams.
Registration for participation:
Participants should register via the Google form or send an application to the following email address:
ruslan.puzii@ukrnafta.com with a copy to daria.obodets@ukrnafta.com
The letter should include:
Contact information for your reference:
Demian Pashkovsky
Head of the dispatching sector
Phone: +380 50 739 65 29
About PJSC Ukrnafta:
PJSC Ukrnafta is the largest oil company in Ukraine engaged in the production and sale of petroleum products. The company actively develops partnerships and implements innovative solutions to ensure stable energy supply of the country.
