PJSC Centravis Production Ukraine (Centravis Production Ukraine), part of the holding Centravis Ltd., has increased the production of pipes due to improved supplies of billets.
“The situation in production has slightly improved compared to last week. The extrusion line is running, the time for repairs has been reduced, as there is a positive trend in the receipt of the billet. The situation in the cold shop is also stable. Some of the mills have been launched due to the availability of billets, and the operation of two annealing furnaces has been resumed” , – stated in a letter from Chief Sales Officer (CSO) Artem Atanasov to Centravis customers on Friday.
According to him, the emphasis in production is on the production of pipes for instrumentation and automotive industry, but also heat exchange pipes and pipes for general purposes. There are no deviations in quality and metal consumption.
At the same time, it is noted that the logistics team of the company is constantly looking for the best and safest ways to deliver finished products to consumers. Members of the Board of Directors Yuriy Atanasov, Andrey Krasyuk, Oleksandr Joseph, Artem Atanasov remain in Ukraine and continue to work. Sales offices of “Centravis” around the world in Essen, Milan, Krakow, Lugano, Houston and Dubai are also open, financial and administrative departments, customer support work.
“We are pleased to inform you that the current EU protective measures against Ukraine will soon be lifted, which will allow Centravis to export its tubular products to the EU without paying a 25% protective duty indefinitely. The EU regulation in this regard will be officially approved in the near future and we expect it to be published in the Official Journal during May 2022,” Atanasov wrote.
“Centravis” is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnepropetrovsk region). Included in the top 10 world players. Before the Russian aggression, more than 1,400 people worked at the enterprise.
Holding Centravis Ltd. was created on the basis of CJSC “Nikopol Stainless Pipe Plant”, service and trading companies LLC “Production and Commercial Enterprise “UVIS”. Its shareholders are members of the Atanasov family.
Owned by Centravis Ltd. 100% of the shares of PJSC “Centravis Production Ukraine” is located.
Canada, following the UK and the EU, is canceling all duties on imports of goods from Ukraine, Canadian Prime Minister Justin Trudeau announced after meeting with President Volodymyr Zelensky in Kyiv on Sunday.
“This is a good continuation of the initiative of the EU and Britain, which confirms the interest of developed countries to involve the Ukrainian economy in their own industrial and trade chains,” Yulia Sviridenko, First Deputy Prime Minister and Minister of Economy, commented on this decision.
She recalled that on the eve of this meeting, she also discussed with Canadian Minister of International Trade Mary Angie the whole range of economic cooperation measures that both countries intend to implement.
“For our ministry and Ambassador to Canada Yulia Kovaliv, this is an ambitious work program for this year,” Sviridenko stressed.
US First Lady Jill Biden visited Uzhhorod on Sunday, May 8, the press service of the Transcarpathian Regional Council reported.
“In particular, Mrs. Biden met with Ukrainian First Lady Olena Zelenskaya in Uzhgorod. It is noteworthy that this happened on Mother’s Day,” the telegram channel said in a message.
It is noted that Jill Biden and Elena Zelenskaya visited a school in Uzhgorod, where they resettled internally displaced persons from areas of Ukraine where hostilities continue.
“The visit of First Lady Biden is a demonstration of support for Ukraine by high-ranking US officials,” the regional state administration stressed.
The visit of Jill Biden to Uzhgorod was not announced and was closed to the media. The meeting was attended only by the press service of the White House.
At the moment, Jill Biden left the territory of Ukraine.
The Kovalska Industrial and Construction Group is resuming work at its own construction sites in the Ukrainian capital, the group’s press service has reported.
“The real estate market is very sensitive to all shocks, but the economy cannot be restored without large business. Therefore, following the gradual resumption of work on industrial assets, we launched all construction sites in Kyiv at once,” the group’s press service cited CEO of Kovalska Serhiy Pylypenko on Friday.
It is noted that work has already begun at facilities along Drahomanova, Berezniakivska and Vavilovykh streets. The work of construction cranes, monolithic and facade work have been launched. Starting May 9, construction work at the Crystal Park Tower and Unit City facilities will resume.
Kovalska has been operating in the construction market of Ukraine since 1956. It unites more than 20 enterprises in the field of extraction of raw materials, production and construction.
Enterprises of Kovalska work in Kyiv, Zhytomyr, Lviv, Kherson and Chernihiv regions. The total number of employees is 5,000 people.
In addition, the group includes Kovalska Real Estate, which is engaged in construction of residential facilities in Kyiv. Its portfolio includes 20 completed residential projects.
According to preliminary calculations, Kyiv city budget will lose one third of its revenues, i.e. more than UAH 20 billion, because of the Russian aggression, according to the press service of mayor of the Ukrainian capital Vitali Klitschko.
He noted that today it is impossible to calculate this amount accurately because the war is still going on. “It is not quite correct to make monthly calculations because the budget is envisaged for one year. In general for 2022 we, according to preliminary calculations, will receive a third of the budget shortfall. That is more than UAH 20 billion. But, I emphasize, that these are preliminary estimates,” Klitschko said on the air of radio NV.
The mayor noted that at present the city’s economy is slowly coming back to life, businesses are coming back to work. Also, the percentage of payment for utility services provided is growing in the capital.
“For example, 55% of Kyiv citizens paid for utilities for March. And I am very grateful to them for that since these funds were spent for the necessary materials. They were spent on salaries to employees of enterprises, who, often risking their lives, provide the city with all services,” said Klitschko.
The G7 countries have committed themselves to phase out or ban the import of Russian oil, according to a statement posted on the White House website on Sunday.
“This will hit the main artery of Putin’s economy hard and deprive him of the income he needs to finance the war. The G7 also committed to working together to secure stable global energy supplies while stepping up our efforts to reduce dependence on fossil fuels.
