Business news from Ukraine

Business news from Ukraine

EFFECTIVE INVESTMENTS GROUP TO INVEST UAH 170 MLN IN ECO-PACKAGING PRODUCTION IN LVIV REGION

Sem Ecopack LLC (Tomakivka, Dnipropetrovsk region), part of Effective Investments Group, intends to invest about UAH 170 million in the creation of a new production of ecological cardboard packaging Sem Ecopack in Sambir (Lviv region) with a capacity of 150 million units of packaging products per year.
“The new production will appear on the site of the former bakery. Sem Ecopack LLC has acquired the real estate of the plant from Khlibprom Concern,” the press service of Effective Investments told Interfax-Ukraine.
Sambir bakery was part of Khlibprom concern (associated with founder of OKKO Group Vitaliy Antonov) and was closed in 2018 by the decision of the management of the concern.
The press service of the group noted that at the first stage Sem Ecopack plans to invest about UAH 70 million in the restoration of the existing production complex and more than UAH 100 million during the next stages. The new production facility in Sambir is planned to be commissioned in early 2022.
“I hope that in a year Facebook will remind me of these ruins, and I will show you an already operating production here! An inspiring story when you can build a European-level enterprise from the ruins with the export of products to Europe,” head of the group’s supervisory board Ihor Liski wrote on Facebook, accompanying the post with photographs of the premises of the former bakery in Sambir.
According to the press service, currently Sem Ecopack LLC, established in 2014, is developing two areas: the production of ecological packaging and mechanical engineering, while the engineering direction uses more than 80% of Ukrainian components.

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 13/01/21

National bank of Ukraine’s official rates as of 13/01/21

Source: National Bank of Ukraine

OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF JANUARY 13

Official rates of banking metals from national bank as of January 13

One troy ounce=31.10 grams

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NGO PRESSZVANIE UKRAINE RESHUFFLING BOARD

The new team is going to strengthen the educational direction of the contest and expand the circle of its potential participants
NGO Presszvanie Ukraine, the initiator of the contest for journalists PRESSZVANIE, is reshuffling its board. Journalist and blogger Denys Bezliudko will become Chairman of the Management Board. The board will include Chief Editor of the magazines Dengi and Korrespondent Oleksandr Kramarenko, as well as Marketing Director of the Interfax-Ukraine news agency Maksim Urakin.
“The new board of NGO Presszvanie Ukraine includes experienced media managers who have raised more than one generation of journalists. These are professionals for whom freedom of speech and journalistic ethics are integral parts of life. This team is able to provide the PRESSZVANIE contest with new avenues for work meeting the challenge of the times,” ex-head of NGO Presszvanie Ukraine Dmytro Slipenko said.
“I probably went through all the stages, I was a nominee and a winner, participated in the work of the Supervisory Board of the contest and in organizing the work of PRESSZVANIE. The strategic plan is to grow the contest into a permanent media community, a platform for communication, training of journalists and development of the industry as a whole,” Bezliudko said.
“For me, this is a new challenge and an opportunity to repay the debt to the profession, since until now I have not been particularly active in the interests of the professional community in general. What do we do? We will create a platform for passing on the most interesting ideas and visions. We will involve those colleagues whom the old media simply did not notice until recently. Professional ratings are an opportunity for recent debutants to raise their personal capitalization, which is very important for each of the media professionals and for the market as a whole,” Kramarenko said.
“The award will receive more nominations for traditional journalism and the involvement of representatives of the new media – bloggers – in the project. In addition, an educational program, as well as other projects to improve the qualifications of media representatives, will be created under the PRESSZVANIE brand and with the participation of leading industry professionals,” Maksim Urakin said.
Reference
PRESSZVANIE is an annual award for journalists and editors that can be received for leadership and professionalism since 2005. The project develops an educational platform and is held under the auspices of NGO Presszvanie Ukraine, which mission is to create conditions for the development of Ukrainian journalism.

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PRESIDENT OF UKRAINE INVITES ELON MUSK TO VISIT SERHIY KOROLYOV MUSEUM OF COSMONAUTICS

President of Ukraine Volodymyr Zelensky has invited American businessman, founder of the space company SpaceX Elon Musk to visit the Serhiy Korolyov Museum of Cosmonautics, located in Zhytomyr.
“Today is the birthday of the great Ukrainian scientist, rocket engineer and spacecraft designer – Serhiy Korolyov. Indeed, he was one of the very best. I’d like to invite his longtime fan Elon Musk to Ukraine, to see The Serhiy Korolyov Museum of Cosmonautics,” Zelensky wrote on Twitter, commenting on Musk’s message about communicating with Korolyov’s family.
Museum of Cosmonautics named after Korolyov was opened in Zhytomyr in 1970 in the house where the designer spent his childhood. The exhibition presents personal belongings and documents of the Korolyov family, including those provided to the museum by the designer’s mother, wife and daughter, as well as his friends and colleagues.
In 1991, the second part of the museum was opened – the “Cosmos” exposition moved to a special building, which presents a collection of samples of space technology, equipment for cosmonauts, the descent vehicle of the Soyuz-27 spacecraft, an exhibition sample of the Soyuz spacecraft, models of life-size spacecraft and nine milligrams of lunar soil.

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Dniprovsky Metallurgical Plant cuts rolled products output by 68% in 2020

PrJSC Dniprovsky Metallurgical Plant (DMZ, formerly Evraz-DMZ), part of DCH Steel from DCH Group of businessman Oleksandr Yaroslavsky, reduced the output of finished rolled products by 68.4% in 2020 compared to the previous year, to about 140,000 tonnes due to downtime as a consequence of repairs from the end of October 2019 to May 2020.

As the company told Interfax-Ukraine, in December the plant produced 20,000 tonnes of rolled metal, while in August-November it produced 22,000 tonnes per month.

Steel production in 2020 was reduced by 66%, to 175,000 tonnes (in December 28,000 tonnes), and cast iron by 67.3%, to 160,000 tonnes (25,000 tonnes).

The plant specializes in production of steel, cast iron, rolled products and products from them. Since 2016, investments in environmental programs amounted to UAH 350 million.