The state-owned Ukreximbank (Kyiv) has opened a long-term credit limit for Centravis Production Ukraine, part of Centravis Ltd., in the amount of EUR 35 million, which is equivalent to UAH 1.177 billion.
According to Centravis press release published on Thursday, March 4, the company is going to use these funds to produce new types of seamless pipes, introduce environmental and energy-saving technologies and further upgrade the production.
“The bank opened a credit limit of EUR 35 million for five years to maintain the high competitiveness of products in world markets as well as to ensure timely and full implementation of the investment program aimed at developing sales of high value-added products,” Director of Corporate Banking Department (private enterprises) at Ukreximbank Oleksandr Isniuk said, who is quoted by the press service.
In turn, Centravis CFO Alexandre Joseph added that raising funds in Ukreximbank would strengthen the company’s financial stability and would provide the opportunity to annually invest at least EUR 7 million in the development and output of new products.
“Since we work with world top brands, we need to be proactive and maintain focus on efficiency and customer service. We believe that cooperation with Ukreximbank is a classic win-win story for Ukraine. Our company exports over 98% of its products. The foreign exchange earnings amount to about EUR 150 million. This helps to improve the foreign trade balance of Ukraine and strengthen the ‘made in Ukraine’ presence in the world market,” Joseph said.
The press release recalled that despite the tailspin due to the coronavirus pandemic, Centravis maintained a stable position among the world’s best manufacturers of seamless pipes over 2020. The production volume amounted to 19,050 tonnes. The company doubled its EBITDA compared to 2019 — to EUR 14 million.
Centravis is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnipropetrovsk region).
Centravis is one of the world’s top ten players, supplies products to ThyssenKrupp, BMW, Alstom, Linde, Samsung, Volkswagen and other companies. The company employs over 1,400 employees.
Ukreximbank, the sole owner of which is the state, was established in 1992. According to the National Bank of Ukraine, as of January 1, 2021, in terms of total assets (UAH 246.877 billion), Ukreximbank ranked third among 73 banks operating in the country.
Quotes of interbank currency market of Ukraine (UAH for €1, IN 01.02.2021-27.02.2021)
Quotes of interbank currency market of Ukraine (UAH for $1, IN 01.02.2021-27.02.2021)
Dniprovsky Iron and Steel Works (DMK, Kamianske, Dnipropetrovsk region), part of the Industrial Union of Donbas (ISD) corporation, in January-February of this year, increased the production of general rolled products, according to recent data, by 3% compared to the same period last year, to 415,000 tonnes.
As the representative of the enterprise told Interfax-Ukraine, during this period the plant increased steel production by 4.5%, to 420,000 tonnes and kept the production of cast iron at the level of 375,000 tonnes.
In February, 195,000 tonnes of rolled products, 195,000 tonnes of steel, and 170,000 tonnes of cast iron were produced.
In turn, the economic planning department of the plant said that in February 2021 it reduced the production of commercial metal products to the level of 192,813 tonnes.
“Last month, the target was fulfilled only in the rolling shop. Sinter, blast furnaces and converters worked in the negative indicator,” according to the company’s information.
At the same time, it is said that the sinter shop produced 284,736 tonnes of sinter, which is 91.9% of the target. In addition, with the target of 181,906 tonnes of cast iron, 171,040 tonnes were produced in February, which is 6% less.
The target for steel production was fulfilled by 96.2% – 193,280 tonnes were produced, which is 7,702 tonnes less than the target. In the total steel production, the amount of commercial steel amounted to 129,929 tonnes, while the target was 138,017 tonnes.
The total output of rolled products for the last month was 70,065 tonnes (3,175 tonnes to the target).
In February, the plant shipped 195,707 tonnes of commercial metal products to customers, which is 3.8% less than the established target.
As reported, the plant in 2020 increased the production of general rolled products by 13.3% compared to the previous year, to 2.54 million tonnes, steel by 15.2%, to 2.56 million tonnes, cast iron by 19.2%, to 2.36 million tonnes, and agglomerate by 40.2%, to 4.06 million tonnes.
Dniprovsky Iron and Steel Works specializes in the production of cast iron, steel, rolled products and consumer goods.
The company is controlled by the ISD corporation which was founded in 1995. It is an integrated holding company that owns or manages stakes in mining and metals enterprises.
The state-owned Ukreximbank (Kyiv) has opened a long-term credit limit for Centravis Production Ukraine, part of Centravis Ltd., in the amount of EUR 35 million, which is equivalent to UAH 1.177 billion.
According to Centravis press release published on Thursday, March 4, the company is going to use these funds to produce new types of seamless pipes, introduce environmental and energy-saving technologies and further upgrade the production.
“The bank opened a credit limit of EUR 35 million for five years to maintain the high competitiveness of products in world markets as well as to ensure timely and full implementation of the investment program aimed at developing sales of high value-added products,” Director of Corporate Banking Department (private enterprises) at Ukreximbank Oleksandr Isniuk said, who is quoted by the press service.
In turn, Centravis CFO Alexandre Joseph added that raising funds in Ukreximbank would strengthen the company’s financial stability and would provide the opportunity to annually invest at least EUR 7 million in the development and output of new products.
“Since we work with world top brands, we need to be proactive and maintain focus on efficiency and customer service. We believe that cooperation with Ukreximbank is a classic win-win story for Ukraine. Our company exports over 98% of its products. The foreign exchange earnings amount to about EUR 150 million. This helps to improve the foreign trade balance of Ukraine and strengthen the ‘made in Ukraine’ presence in the world market,” Joseph said.
The press release recalled that despite the tailspin due to the coronavirus pandemic, Centravis maintained a stable position among the world’s best manufacturers of seamless pipes over 2020. The production volume amounted to 19,050 tonnes. The company doubled its EBITDA compared to 2019 — to EUR 14 million.
Centravis is one of the world’s largest manufacturers of seamless stainless steel pipes, founded in 2000. Its production facilities are located in Nikopol (Dnipropetrovsk region).
Centravis is one of the world’s top ten players, supplies products to ThyssenKrupp, BMW, Alstom, Linde, Samsung, Volkswagen and other companies. The company employs over 1,400 employees.
Ukreximbank, the sole owner of which is the state, was established in 1992. According to the National Bank of Ukraine, as of January 1, 2021, in terms of total assets (UAH 246.877 billion), Ukreximbank ranked third among 73 banks operating in the country.
PrJSC Wimm-Bill-Dann Ukraine (Vyshneve, Kyiv region), producer of dairy products and baby food, in 2020 increased its net profit by 29.8% compared to 2019, to UAH 124.19 million.
According to the company’s information disclosure system of the National Securities and Stock Market Commission, the total assets of the company last year decreased by 1.1%, to UAH 1.25 billion, and retained earnings doubled to UAH 278.8 million.
An annual meeting of the company’s shareholders is scheduled for April 29, at which they intend to approve decisions on attracting PrJSC KPMG Audit to conduct an audit on the financial results of 2020, and direct the net profit received in 2020 to the development of production.
In 2001, Wimm-Bill-Dann Ukraine Ukraine acquired one of the largest milk processing enterprises in the country – Kyiv Dairy Plant No. 3, and in December 2010 the company became part of PepsiСo.
PepsiCo in Ukraine deals with fruits, vegetables and raw milk processing. The company owns three enterprises, namely: a plant for fruits and vegetables processing and juice production, a factory for plant for juices, carbonated beverages and cold tea production (both are located in Mykolaiv region), Kyiv Dairy Plant (Kyiv region), where the baby food factory Agusha, launched in 2012, is also located.
The largest PepsiCo brands in Ukraine are Sandora, Sadochok, Pepsi, 7UP, Mirinda, Slovianochka, Agusha, Lipton Ice Tea, Lay’s, HrusTeam, sparkling mineral water Essentuki and Aqua Minerale.
