PJSC Borschahivsky Chemical Pharmaceutical Plant (Kyiv) increased its net profit 123.77% in 2019 compared to UAH 194.137 million in 2018.
According to the agenda of the shareholders’ annual meeting scheduled for April 22 in the information disclosure system of the National Securities and Stock Market Commission, the total receivables of the company amounted to UAH 327.414 million.
The company’s assets increased by 7.78%, to UAH 1.925 billion, net worth by 11.7%, to UAH 1.62 billion for the year.
According to the results of 2018, the plant reduced its net profit by 16.96%, compared to UAH 86.758 million in 2017.
PJSC Borschahivsky Chemical Pharmaceutical Plant is among the top 20 largest pharmaceutical manufacturers in Ukraine. It is a member of the Association of Manufacturers of Medications of Ukraine (AMMU).
The European Investment Bank (EIB) is ready to redirect funds issued for programs in Ukraine for fight against coronavirus, Foreign Minister of Ukraine Dmytro Kuleba has said.
“I spoke with the European Investment Bank, which is ready to redirect certain funds allocated for programs in Ukraine to measures to overcome the coronavirus,” he said in an interview with Interfax-Ukraine.
In addition, Kuleba said that at a meeting with the head of the mission of the International Committee of the Red Cross (ICRC) in Ukraine, Florence Gillette, he discussed the question of what kind of help the ICRC can provide to Ukraine in preventing the spread of coronavirus.
“We are ready to receive something as humanitarian aid, to purchase something, but this search is being conducted at all levels, in international organizations, in business contacts,” the minister said.
According to him, the entire system of the Foreign Ministry of Ukraine is now working on two fundamental tasks: the return of Ukrainians from other countries and the search for humanitarian assistance and procurement.
State-owned enterprise (SOE) Zorya-Mashproekt (Mykolaiv) under a request of medical institutions of Mykolaiv city in relation to a threat of spreading the coronavirus disease COVID-19 has resumed production of medical oxygen halted early 2020 over the absence of demand, the press service of the Ukroboronprom state concern, which incorporates the enterprise, said on Friday.
The state concern said that the enterprise has all the necessary equipment for the production of oxygen and for many years provides its own needs with technical oxygen for welding.
Zorya-Mashproekt promptly responded to the request from doctors and invested its own funds in the supply of medical oxygen, since the certification production conditions require the introduction of certain measures to control the quality of medical oxygen. Zorya-Mashproekt can produce more than 50,000 cubic meters of medical oxygen per year, which is the most important for the country in these days. Now, we are looking for equipment for uninterrupted operation,” the press service said, citing Director of Zorya-Mashproekt Denys Hordienko.
The company said that in order to use it in the future and ensure uninterrupted operation of the medical oxygen line throughout the entire period of the pandemic, it is necessary to purchase backup equipment.
Currently, tender documents are being prepared for the purchase of a hygrometer, which, according to Ukroboronprom, will cost the company about UAH 200,000. Certification activities for the line are tentatively estimated at a similar amount.
Interpipe, the international vertically integrated pipe and wheel company, increased steel production by 4.8% in January-February of 2020 compared to the same period in 2019, to 138,200 tonnes.
According to the company’s monthly report on Thursday, March 19, pipe production decreased by 32.9%, to 70,500 tonnes, railway wheel production increased by 20.3%, to 17,500 tonnes for two months.
In February, production of steel amounted to 72,900 tonnes, railway wheels amounted to 18,100 tonnes, pipes amounted to 38,400 tonnes.
The company increased sales of round steel billets by 36.3%, to 4,400 tonnes, railway wheels by 43.2%, to 39,600 tonnes and reduced pipe sales by 31.3%, to 66,800 tonnes in January-February of 2020.
It is also reported that pipes were sold in Europe (35%), MENA region (22%), Ukraine (18%), the American continent (13%), the CIS (10%) and other regions (2%). Railway wheels were sold in the CIS (47%), Europe (30%), Ukraine (14%), MENA region (3%), the U.S. continent (4%) and other regions (2%) in January-February of 2020.
According to the company’s statement, the increase in sales of OCTG (oil country tubular goods) in February compared with January was due to an increase in supplies to Africa and the CIS countries, as well as stable supplies to other regions. The main part of the growth in sales of gas and oil pipelines was supported by the countries of the Middle East, Turkey and Ukraine.
“Mechanical pipes showed lower productivity compared to January due to a slowdown in industrial activity in Europe. Negative dynamics of railway wheel sales in February (14.7% less compared to January) is mainly due to the elimination of finished products overstock, accumulated in 2019, which was observed in January,” reads the statement.
The Cabinet of Ministers does not plan to introduce limits for export of agricultural products from Ukraine, Deputy Minister for Development of Economy, Trade and Agriculture of Ukraine Taras Vysotsky has said.
“We constantly communicate with representatives of retail chains. Today, we held a meeting. Now, there are more than enough stocks. That is why the government does not plan to limit the export of agricultural products in any way,” he told Interfax-Ukraine.
As reported, President of Ukraine Volodymyr Zelensky in his video address on Monday, March 16, proposed that the Cabinet of Ministers limits the export of food products from the country according to a list defined by the government.
Prime Minister of Ukraine Denys Shmyhal notes that in the context of the COVID-19 coronavirus pandemic in the world there is serious competition between countries for personal protective equipment, medical equipment and even for doctors.
“In fact, we are faced with great competition between countries for personal protective means, equipment, even for human resources. Countries are competing even for doctors today,” he said in the Svoboda Slova Savika Shustera (Freedom of Speech of Savik Shuster) program on the air of Ukraine TV Channel on Friday night.
Shmyhal emphasized that the tense situation is now observed in many countries. There is the lack of drugs, masks, equipment.
