The European Bank for Reconstruction and Development (EBRD) could provide a long-term loan of $81 million for the construction of an air separation unit of Kryvy Rih Industrial Gas LLC (Kyiv), created last October by the Dutch company Krig Holdings B.V., a joint venture of American-based Air Products and Chemicals, Inc. and ArcelorMittal, in which Air Products is the majority shareholder.
“Subject to the finalization of commercial agreements, the company will design, construct and operate an on-site air separation unit to be located in Kryvy Rih,” the bank said on its website.
“The project will employ modern, state-of-the-art technology to safely and reliably produce industrial gases, for ArcelorMittal Kryvyi Rih steel works and other customers in Ukraine and beyond. By replacing existing industrial gas production on ArcelorMittal’s site, the new facility will reduce the annual energy consumption of the steel plant,” the report says.
“The air separation unit will be designed in line with the European Industrial Gas Association technological guidelines and will be among the first of its kind to be installed in Ukraine. The project is expected to result in carbon dioxide emission savings in excess of 60,000 tonnes per annum through energy efficiency gains of the steel works,” the bank said.
The total cost of the project is estimated at more than $100 million, the bank said.
It is expected that the EBRD Board of Directors will consider this project on July 22 this year.
Myronivsky Hliboproduct (MHP) has appointed Ernst & Young Cyprus Limited as new auditors for 2020 instead of Deloitte Limited.
The corresponding decision was made at an annual meeting of shareholders, the holding reports on the London Stock Exchange’s website.
The shareholders also approved MHP SE’s annual report for 2019 and re-elected all the holding’s directors for the term until the next annual meeting in 2021.
MHP is the largest producer of chicken in Ukraine. It is also engaged in production of cereals, sunflower oil, meat. MHP supplies chilled carcasses of chickens to the European market, which are processed, in particular, at its enterprises in the Netherlands and Slovakia.
In February 2019, MHP completed the acquisition of the Slovenian company Perutnina Ptuj.
The founder and majority shareholder of MHP is Ukrainian businessman Yuriy Kosiuk.
Retail turnover in Ukraine by regions in Jan-April 2020 (UAH MLN)
Odesa seaport handled 10.45 million tonnes of cargo in January-May 2020, which is 3.2% more than in the same period in 2019.
According to the data of the Ukrainian Sea Ports Authority, for the specified period, the port increased the transshipment of exported cargo by 0.3%, to 7.693 million tonnes, imported cargo by 22.9%, to 2.241 million tonnes. Coastal cargo handling decreased by 33.1%, to 41,730 tonnes, and transit cargo by 16.4%, to 473,990 tonnes.
The transshipment of bulk cargo at the Odesa Sea Port increased by 15.5%, to 780,810 tonnes, dry and bulk cargo decreased by 13.4%, to 3.71 million tonnes, package cargo increased by 14.2%, to 5.959 million tonnes in January-May.
Processing of containers for the period amounted to 271,869 TEU (an increase of 8.8% compared to the same period in 2019).
Odesa seaport is located in the southwestern part of Odesa Bay on an artificially created area of 109.5 hectares.
The port serves ships up to 270 meters long with a draft of up to 13 meters. The total length of the mooring line is more than eight kilometers.
Mariupol seaport (Donetsk region) increased cargo handling by 23.4% in January-May 2020 compared to the same period in 2019, to 2.687 million tonnes.
According to the statement of the Ukrainian Sea Ports Authority on the state-owned enterprise’s website, during the period the port increased the transshipment of export cargo by 15.5%, to 2.238 million tonnes, import by 28.7%, to 303,620 tonnes, coastal freight by almost 56 times, to 145,100 tonnes. At the same time, the port did not handle transit cargo.
According to freight nomenclature, Mariupol seaport increased the transshipment of dry bulk cargo by 42.8%, to 827,700 tonnes, and packaged goods by 17.4%, to 1.783 million tonnes. At the same time, it reduced the transshipment of bulk cargo by 2.6%, to 76,000 tonnes.
As reported, the port handled 6.484 million tonnes of cargo in 2019, which is 10% more than in 2018.
Brocard-Ukraine LLC, a large operator of the perfumery and cosmetic market of Ukraine, plans to maintain its plan for opening new outlets in 2020, but does not rule out the possibility of leaving shopping centers with which it will not be possible to agree on rental conditions. “We plan to fulfill all our obligations: we will open new stores according to preliminary agreements. All planned openings of the year will take place where it depends on us, and not on the physical unreadiness of the mall. There will be a total of four new stores, including Blockbuster and Retroville in Kyiv,” Yuriy Gatkin, the co-founder and manager of Brocard-Ukraine, told Interfax-Ukraine.
At the same time, he added that the company optimizes costs as much as possible: “the budget for the fiscal year 2020-2021 will be very careful.”
According to him, the overall growth in the company’s turnover in 2019 amounted to about 10%, reaching UAH 4.25 billion, mainly due to the opening of new stores.
Last year, in particular, the company opened ten new and reconstructed stores under the Brocard, Brocard Niche Bar and Kiehl’s brands in Kharkiv, Kyiv, Lviv, Kramatorsk, and Odesa.
As of June 2020, Brocard-Ukraine LLC operates 97 perfumery and cosmetics stores in 26 cities of Ukraine under the brands Brocard, Brocard Niche Bar, Kiehl’s, M.A.C.
