Business news from Ukraine

Business news from Ukraine

DNIPROSPETSSTAL INCREASES OUTPUT

Dniprospetsstal electrometallurgical plant (Zaporizhia) in January-August this year increased the output of finished rolled products, according to recent data, by 9% compared to the same period last year, to 109,000 tonnes.
A representative of the enterprise informed Interfax-Ukraine that steel production during this period increased by 5.5%, up to 153,000 tonnes.
In August, 19,000 tonnes of steel were smelted, 13,000 tonnes of rolled products were produced.
As reported, Dniprospetsstal in 2020 increased the output of finished rolled products by 1.3% compared to 2019, up to 154,000 tonnes, steel by 2.7%, to 225,000 tonnes.
Dniprospetsstal is the only Ukrainian manufacturer of long products and forgings from special grades of steel: stainless, tool, high-speed, bearing, structural, as well as from heat-resistant nickel-based alloys.

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LEKHIM TO LAUNCH PRODUCTION OF VACCINES AGAINST COVID

The pharmaceutical company Lekhim plans to launch production of vaccines against COVID-19 in 2022, the press service of Kharkiv City Council reported.
“This is a very important project. We do not know what the situation will be in a month or two with a pandemic. And the fact that Kharkiv enterprise is going to produce a vaccine and invest about EUR 25-30 million in production is very good,” Ihor Terekhov said.
He also said that Kharkiv local authorities are now doing everything possible to prepare for a likely new wave of coronavirus: drugs, necessary medical equipment and oxygen stations are being purchased.
According to the information posted on the City Council’s website, the CoronaVac vaccine, created by the Chinese company Sinovac Biotech, will be produced in Kharkiv. In 2021, Lekhim Group became the official supplier of this vaccine in Ukraine.

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UKRAINE WANTS TO BUILD BRIDGE ACROSS PIVDENNY BUH WITH JAPANESE HELP

The Cabinet of Ministers of Ukraine approved the draft letter to the government of Japan on the project of construction of bridge across the Pivdenny Buh river in Mykolaiv. The relevant decision was made at a meeting on Wednesday. In the explanatory note it is specified that it is necessary for official confirmation of intention and interest of Ukraine in joint implementation of this construction with the government of Japan and the Japanese agency of international cooperation, and it will also specify the priority of the project for development of Mykolaiv region and Ukraine as a whole.
The text of the letter is not provided.
As it was reported, in January, 2020 the Japanese agency of the international cooperation JICA confirmed cooperation in construction of the bridge in Mykolaiv.
JICA presented the project of construction of the bridge in Mykolaiv in June, 2018.

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UKRAINE TO SELL DNIPRO ELECTRIC LOCOMOTIVE PLANT

The Cabinet of Ministers of Ukraine has transferred Dnipro Electric Locomotive Plant to the list of objects of big privatization from objects of small privatization, which means sale at a tender with conditions.
The corresponding order on the plan to sell 100% of the plant shares was adopted by the government at a meeting on September 15.
An explanatory note to the draft resolution states that the value of the company’s assets at the end of 2020 was UAH 420.3 million, while small privatization objects have assets of up to UAH 250 million.
The plant in 2018-2019 was included in the list of objects of small privatization, but the sale did not take place. In August 2020, the government agreed on the transformation of the state enterprise Dnipro Electric Locomotive Plant into a joint-stock company, and the corresponding changes were registered in March 2021.
Dnipro Electric Locomotive Plant specializes in the production of main-line electric locomotives of direct and alternating current, industrial electric locomotives for opencast mining of minerals, as well as mine contact electric locomotives for mining and coal industries.
According to information in the SPARK system, the plant’s net loss in 2020 increased by 18.8% – to UAH 78.5 million, and revenue fell to UAH 4,000 from UAH 35.6 million a year earlier.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 20/09/21

National bank of Ukraine’s official rates as of 20/09/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF SEPTEMBER 20

Official rates of banking metals from national bank as of September 20

One troy ounce=31.10 grams

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