Chinese manufacturer of dual-layer capacitors Shanghai Aowei Technology Development Co. is interested in creating a joint production base for manufacturing electric buses at the Chernihiv Automobile Plant (ChAZ) of the Etalon Corporation, the press service of the Chernihiv City Council has informed. Representatives of the Chinese company met with city mayor of Chernihiv Vladyslav Atroshenko last week, prior to visiting the Chernihiv trolleybus management company for the general condition of the enterprise, trolleybus depot and networks, as well as the Chaz to study its capabilities to create a base for the production of electric buses.
Representatives of the Chinese company noted that they have similar successful experience with Belarus.
According to the message, a representative of the company Hua Lee noted the potential of the ChAZ to create such a base and said that soon negotiations would be held with the management of the plant to make a final decision on joint production. “We did not come here to sell you electric buses; we want to introduce our technologies together with the local manufacturer. We would like to create a production base, as we did it in Belarus,” the press service of the City Council quoted Hua Lee as saying.
Atroshenko, in turn, expressed interest in attracting lending from China, including the creation of the necessary infrastructure for electric buses.
Shanghai Aowei Technology Development intends to send a group of designers to Chernihiv in late July and early August to research the existing contact network and the state of public transport, then provide reports and options for resolving these issues in a comprehensive manner. Shanghai Aowei Technology Development is an export-oriented enterprise specializing in the development, manufacture and sale of electric double-layer capacitors and ultra capacitors which was established in 1998. They are used in the construction of electric motors and other electronic equipment for electric buses. It exports its products mainly to Asia.
ChAZ produces buses of various modifications on the chassis of Indian TATA and Ashok Leyland, including school buses. In addition, the plant has established the production of trolleybuses.
Ukrainian enterprises in January-June 2018 increased copper and copper products imports in money terms by 6.5% year-over-year, to $42.566 million. According to the customs statistics released by the State Fiscal Service of Ukraine, exports of copper and copper products in the first six months of the year increased by 43.8%, to $87.590 million.
In June alone, copper and copper products were imported to the amount of $7.189 million, exports were estimated at $12.736 million.
In addition, Ukraine in January-June increased imports of nickel and its products by 18.9%, to $47.603 million ($8.715 million in June alone), reduced imports of aluminum and products from it by 2.2%, to $ 175.507 million ($31,950 million), and boosted imports of lead and its products by 90.3%, to $5.663 million ($1.390 million). Imports of tin and products from it grew by 10.3%, to $ 2.346 million ($211,000) and those of zinc and zinc products by 30%, to $44.566 million ($6.480 million).
Exports of aluminum and its products in January-June 2018 increased by 22.8%, to $ 71.462 million ($12.319 million in June), those of lead and products from it decreased by 18.6% to $19.414 million ($3.320 million). Exports of nickel and products grew by 24.3%, to $4.179 million ($1.026 million in June).
Exports of zinc in January-June 2018 amounted to $118,000 ($17,000 in June), while in January-June-2017 they were estimated at $44,000. Shipments of tin and goods made of it abroad in January-June 2018 amounted to $269,000 (tin was not exported in June), whereas in January-June-2017 tin exports stood at $148,000.
Kyiv-based OTP Bank expects to post UAH 2 billion in net profit by the end of 2018, Chairman of OTP Bank’s board Tamas Hak-Kovacs has said. “In the first four months of this year, the bank’s net profit amounted to UAH 723 million. Net profit in 2018 may amount to UAH 2 billion. It will entirely be capitalized. This is also part of our strategy – to capitalize profits, therefore this money is additional liquidity, and it is in the Ukrainian hryvnia,” he told Interfax-Ukraine in an interview.
Due to profitable operating activities and the consistent implementation of a balanced financial and credit policy, OTP Bank improved the result of 2017 and posted net profit under IFRS was UAH 1.02 billion.
In Ukraine, OTP Bank acts as the flagship of the OTP banking group, registered by the National Bank of Ukraine. The group also includes LLC OTP Capital assets management company and LLC OTP Leasing. OTP Bank ranked 11th in terms of net assets worth UAH 29.822 billion among 84 banks operating Ukraine as of January 1, 2018, according to the National Bank of Ukraine.
