Ovostar Union, one of the leading egg and egg products producer in Ukraine, in January-March 2019 saw $4.5 million in net profit, which was 38.7% more than a year ago.
According to a company report on the Warsaw Stock Exchange (WSE), revenue fell by 8%, to $31.14 million. This is linked to the decrease in the egg and egg products prices.
Gross profit in January-March fell by 30%, to $7.82 million, and operating profit – by 47.4%, to $4.57 million.
Export sales over the period grew by 24.8%, reaching $18.02 million. The share of export grew from 43% to 58%.
Earnings before interest, taxes, depreciation and amortization (EBITDA) fell to $5.4 million ($9.5 million in January-March 2018).
“The first quarter of 2019 proved to be challenging for the egg industry due to the reduction of selling prices both on local and export markets. With regard to the unfavorable market situation, the management believes that the results achieved by the company in the reporting period are quite satisfying,” CEO Borys Bielikov said.
Rubizhne cardboard packaging mill in Luhansk region, one of Ukraine’s largest cardboard packaging producers, produced 81.05 million square meters of corrugated cardboard boxes in January-April 2019, including goods from its Trypilsky packaging plant, which is 2.6% up year-over-year.
The UkrPapir association said that the mills decreased production of components of corrugated cardboard (cardboard and fluting) by 22.3%, to 76,000 tonnes.
The total commodity amount produced by both plants in the period in monetary terms fell by 12.8%, to UAH 1.565 billion.
According to UkrPapir association, cardboard packaging production in Ukraine in January-March 2019 fell by 3.6% and amounted to 319.8 million square meters.
The Rubizhne cardboard packaging mill has worked on the packaging market since 1991, and specializes in the production of components for corrugated cardboard (cardboard and fluting) and corrugated cardboard boxes.
Its most important customers are large confectioneries, juice and tobacco producers.
The Rubizhne cardboard packaging mill acquired Trypilsky packaging plant in 2002 and subsequently began producing corrugated cardboard and corrugated packaging.
CARDBOARD, CORRUGATED BOXES, LUHANSK REGION, PACKAGING, RUBIZHNE
The 8th International Conference UKRCEMFOR 2019. Cement industry. Best Practices. Prospects for Development with a focus on highlighting the important aspects of cement industry will take place on May 28-29, 2019 in the Champions Hall of the Olimpiyskiy NSC in Kyiv. Conference Organizer: UKRCEMENT Association of Cement Producers of Ukraine. Partners: Ivano-Frankivskcement, CRH, Dyckerhoff-Buzzi, Heidelberg, Eurocement, DALGAKIRAN COMPRESSOR UKRAINE, FLSmidth and industrial construction group KOVALSKA.
Conference is the largest cement industry event in Ukraine which biennially brings together about 300 high-ranking delegates of companies and organizations from more than 10 countries.
Сement industry remains a solid, stable and growing part of the national economy. Represented by 4 large international groups – CRH, Dyckerhoff-Buzzi, Heidelberg, Eurocement, and a strong Ukrainian company Ivano-Frankivskcement, the local cement industry is well balanced and grows sustainably for the third consecutive year.
UKRCEMFOR 2019 for the 8th time will become a unique communication platform with owners and managers of all cement companies of Ukraine, cement consumers, manufacturers of concrete and concrete mixtures, manufacturers of impurities in concrete, construction companies, trading companies, manufacturers of equipment for cement production, suppliers of services and materials, scientists, Ukrainian and international experts in the fields of economy, ecology, technology and quality, banks and funds investing in cement industry and construction, public sector.
Topics for discussion during the Conference:
– Current state and development trends of the cement industry: technology, equipment, and logistics
– Energy efficiency and ecology. Alternative fuels
– Cement-concrete technology and equipment in highways construction
– Standards and regulations in cement industry
– Quality and safety of construction materials
– Concrete, concrete products and equipment. City architecture and urban spaces
These and other topics to be discussed at the UKRCEMFOR 2019 between a solid body of delegates from within the industry, and panels of Ukrainian and international experts in economy, ecology, technologies and quality, as well as banking and finance.
Among the companies that have already confirmed their participation are: Thyssenkrupp Industrial Solutions AG, MC Bauchemie Ukraine, AUMUND Fördertechnik GmbH, GEOCON GmbH & Co. KG, Compressors International LLC, Schenck Process Ukraine, Schenck UK, Promtekhservis Ltd., Dalgakiran compressor Ukraine, Refratechnik Cement GmbH, IZOMAR-POLREF and others.
General Media Partners: TV Channel – PRYAMIY, Information Agency “Interfax Ukraine”, KORRESPONDENT magazine.
Media Partners: DENGI magazine, Prof Build, Cement International, Cement and its application magazine, ECOBUSINESS. Ecology of Enterprises, International Cement Review, Aspects of Construction, Commercial Property, Inventor and Rationalizer, Building Magazine, Concrete&Asphalt, Capital Construction, Construction Expert Newspaper, Build Portal, ProfiDOM, Industry in Focus, Gazeta.ua and Obozrevatel, Kiyv Post, National Industrial Portal.
Supported by: American Chamber of Commerce Ukraine, European Business Association, Ukraine International Chamber of Commerce, German-Ukrainian Chamber of Commerce and Industry, Confederation of builders of Ukraine, CEO URE CLUB, Taxpayers Association of Ukraine, The British Ukrainian Chamber of Commerce, Polish-Ukrainian Chamber of Commerce, Ukrainian Logistics Alliance.
Conference venue: the Champions Hall of the Olimpiyskiy NSC in Kyiv (Velyka Vasylkivska str. 55)
Participation is possible for TOP managers only. Registration is available till 12.00 PM May 26, 2019.
Online registration, agenda and other information are available at the Conference webpage: http://ukrcemfor.com/en
For embassies and media – free of charge (after confirmation). Participation is available for C-suite level representatives only.
Media accreditation by tel +38 044 383-07-22, +38 067 930-06-69, pradvice@ukr.net (contact person: Mila Shykota)
The Ukrainian company SolarGaps, which developed blinds with integrated solar panels, has won The Smarter E AWARD 2019 tender for energy transition solutions in Munich, the press service of the public organization Greencubator has reported.
The project won the nomination Smart Renewable Energy in the tender of the innovation hub The Smarter E, whose activities are aimed at the development of industry solutions.
Earlier, SolarGaps won the Climate Innovation Vouchers program of the European Bank for Reconstruction and Development (EBRD), and also received EUR1 million from the European Union’s framework program for the development of research and technology Horizon 2020.
Energy transition is transformations in the energy sector aimed at reducing the share of consumption of fossil fuels.
There is no need any more to go to the politics to protect own business in Ukraine, and voters do not want to see businessmen in politics, large Ukrainian businessmen said during the Ukraine: Game of Thrones. Final Season! international investment conference organized by Concorde Capital in Kyiv. According to Sergiy Tigipko (TAS group), the experience of 2014 showed that Ukrainian society does not want to see businessmen in politics.
“I think that big business needs to draw conclusions from this. They do not want to see business in politics. They want new faces,” Tigipko said.
According to Yuriy Kosyuk (MHP agricultural holding), before businessmen were forced to support politicians to protect their interests, but now there is no such need.
“Political parties can be supported, if you share values with them. Once, probably, this [funding of politicians] was protection for someone. For me, too, it was in the form of different political parties. And today, this is absolutely surely that there is no point: the power is not terrible, it is an absolute impotent, it cannot destroy anyone,” he said.
Kosyuk said that the government has taken away business from smugglers. “It does not have power over those who are doing the legal business, because civil society is now quite transparent and strong,” the owner of MHP said.
Businessmen as a whole positively assessed the change of president in Ukraine.
Kosyuk said that populistic statements, in which opponents accuse the newly elected president, will change after talking with foreign politicians.
“Populism before the elections. Where it does not exist? But when Zelensky starts running the post, will go to Washington once, many things will change,” Tigipko, who for many years held senior positions in the government and the National Bank, said.
