KMZ Industries (Karlivka Machine Building Plant, Poltava region), a leading supplier of integrated solutions for grain storage and processing in Ukraine, in 2020 will provide Batkivschyna farm LLC (Chernihiv region) with transport equipment (conveyors and elevators) as part of the next expansion of the customer’s elevator capacity.
According to a press release from KMZ Industries, the agricultural enterprise with which the plant has been cooperating for the third year will be supplied with 13 chain conveyors with a total length of 300 meters and five bucket elevators with a capacity of 175 tonnes/hour with a total length of 198 meters.
According to the press service, in October of this year, KMZ Industries installed four grain storage silos for Batkivschyna out of the eight delivered by the plant back in 2017 with a total volume of 136,000 cubic meters of one-time storage (four more were installed at the end of 2019).
“This year Batkivschyna LLC has fixed a new record of wheat yield in our country at 10.1 tonnes/ha. And it will be stored in the silos of our production,” the press service said citing head of the regional office of KMZ Industries Vladyslav Perekhodko.
KMZ Industries manufactures silos on a flat base, with a conical bottom, silos for storing flour, Brice-Baker mine grain dryers (British design) and particle board (Ukrainian design), transport equipment (bucket elevators, chain, belt and screw conveyors), separators for grain cleaning, assembles and automates elevator equipment and technological processes at granaries.
The Cereal Planet Group, a leading producer of cereals in Ukraine, in January-September 2019 received EUR 156,000 in net profit in January-September 2020, which is 1.8 times more compared to the same period in 2019.
According to the financial statements of the Cereal Planet PLC (Cyprus) on the Warsaw Stock Exchange, its revenue increased by 34.4%, to EUR 17.31 million, and gross profit by 1.6 times, to EUR 4.35 million.
In July-September 2020, the company reduced its net profit by 41.2%, to EUR 37,000, compared to the third quarter of 2019, and increased its revenue by 7%, to EUR 4.35 million. At the same time, the gross profit of Cereal Planet in the indicated period of 2020 decreased by 2.7%, to EUR 930,000.
“Currency translation differences played negative role and in the third quarter 2020 were EUR minus 282,000, aggregated three quarters 2020 it was EUR minus 506,000,” the report says.
According to the report, in the third quarter 2020, the company increased cereal production by 23%, to 10,400 tonnes compared to the same period last year. The main reason for the growth was an increase in pea production by 41%, to 5,130 tonnes, buckwheat by 35%, to 2,900 tonnes, bulgur by 18%, to 1,740 tonnes.
In general, over the period, Cereal Planet increased cereal production by 51%, to 33,500 tonnes compared to January-September 2019. The growth was due to an increase in pea production by 122%, to 16,880 tonnes, buckwheat by 39%, to 6,980 tonnes, bulgur by 7%, to 4,580 tonnes, and millet by 24%, to 2,640 tonnes.
Cereal Planet produces weight grains for B2B under the OLIMP trademark for four product lines: Bulgur, Ridlana, Maifaina, Zlotokosica, and under the Lyuba Ferma trademark – food for animals. It exports cereals to more than 50 countries of the world (China, India, Germany, Italy, UAE, Poland, Turkey, etc.).
Cereal Planet achieved nowadays around 10% of the Ukrainian market.
The owners of the group are Anatoli and Oleksandr Vlasenko (33.54% and 29.93%, respectively), Olekasandr Slavhorodsky (29.93%), Ihor Dobruskin (5.5%).
Cereal Planet in 2019 received EUR 75,000 in net loss versus EUR 162,000 in net profit in 2018. In January-June 2020 it received EUR 247,000 in net profit versus EUR 26,000 for the same period in 2019.
The European Bank for Reconstruction and Development (EBRD) on November 10 approved the provision of a four-year amortising senior unsecured loan of up to EUR 25 million equivalent to OTP Bank (Kyiv) to finance micro, small and medium-sized enterprises (MSMEs), according to the EBRD website.
“The project will enable the company to finance long-term investments of Ukrainian MSMEs in upgrading their technology and equipment necessary to meet EU standards in terms of product quality, health and safety measures and environmental preservation,” the bank said.
In addition to long-term financing, eligible sub-borrowers will receive technical assistance funded by the European Union and grant support in the form of investment incentives upon the completion of their investment projects.
The mobile network operator Kyivstar has launched 4G communication in 235 settlements in Dnipropetrovsk and Kharkiv regions.
According to the press service of the operator reporting on Friday, 4G mobile communication appeared in the settlements of Biliaivka, Volokhiv Yar, Hubarivka, Dvorichne, Sakhnovschyna, Starovirivka (Kharkiv region), Vasylivka, Vodiane, Zlatoustivka, Myroliubivka, Novokalynivka, Novooleksandrivka, Pavlopillia (Kharkiv region), etc.
“To improve 4G coverage in these settlements, Kyivstar has installed 27 base stations at LTE 900 frequencies. As a result, another 72,000 people have the opportunity to use mobile Internet at high speed up to 100 Mbps,” the company said.
The total number of Kyivstar mobile base stations exceeded 38,000.
By now, Kyivstar has already provided access to 4G for almost 85% of the population.
The operator invested more than UAH 4 billion in the development of new mobile technologies in the first nine months of 2020.
The National complex Expocentre of Ukraine (Kyiv) signed a lease agreement with the development and educational project more, which won the first auction for the lease of state property on the electronic platform Prozorro.Sale.
“Just recently, an important event took place in the history of Expocentre, to which we have been going for a long year and a half. We became pioneers and the first among state-run organizations who signed a lease agreement with a partner within the framework of the auction of the State Property Fund,” Managing Director of Expocentre Yevhen Mushkin wrote on Facebook.
According to him, the contract was concluded for 13 years. The rented pavilion (formerly Dary Moria) will also be renovated.
The educational project mOre, created by co-owner and CEO of the TransInvestService (TIS) Andriy Stavnitser, was previously located in the Toronto business center in Kyiv, but after the acquisition of a part of the building by the Kovalska group, the lease was terminated due to a delay in rent.
As reported, in October 2019, the Verkhovna Rada adopted a bill on the lease of state-owned and municipal property, providing possibility of holding procedure of electronic auction. The first electronic auctions under the new lease law were expected in April 2020.
The KSG Agro agricultural holding saw $4.77 million in net profit in January-September 2020, which is 52% less than in the same period in 2019.
According to an unaudited report of the holding, published on the Warsaw Stock Exchange, its revenue in the first nine months of 2020 decreased 17%, to $14.67 million.
In January-September of this year, KSG increased its gross profit 3.6 times compared to the same period in 2019, to $6.77 million, operating profit – 5.4 times, to $13.61 million. EBITDA in the reporting period grew 3.8 times, to $14.71 million.
Revenue and cost of sales are both lower by 17% and 36%, respectively, and primarily in the crop production segment, which is more affected by seasonality and weather conditions. Total revenue in the crop segment in the first nine months of 2020 was $6.9 million, compared to $9.7 million for the same period in 2019.
In January-September 2020, KSG’s revenue in the livestock segment decreased 0.5%, to $7.4 million, As part of the “other operations” segment revenue grew 1.7 times, to $0.4 million. Total pig sales in the first nine months of 2020 year amounted to 80,000 heads.
“The Board of Directors of the company does not currently provide for the significant adverse effects of the coronavirus COVID-19 epidemic on the group’s financial results in 2020,” the company said in its report.
The vertically integrated holding KSG Agro is engaged in pig breeding and production, storage, processing and sale of grain and oilseeds.
