Business news from Ukraine

Business news from Ukraine

UKRAINIAN PRODUCER OF WALLPAPERS INCREASES OUTPUT BY 33%

Public joint-stock company Slovianski Shpalery-KFTB (previously Koriukivka industrial paper factory in Chernihiv region), one of the Ukrainian major wallpaper producers, in January-July 2019 produced 20.47 million conventional sheets of wallpaper, which was 33% up from a year ago, according to the UkrPapir association.
Through the seven months of 2019, the growth was 29.2% year-over-year, when a 13.4% fall was registered in Q1, 2019.
According to the association, over the period wallpaper production in Ukraine totaled 32.21 million conventional sheets of wallpaper, which was 44.6% less than in January-July 2018.
The share of Slovianski Shpalery-KFTB of total wallpaper production over this period was almost 63.6% up, while a year ago it was 26.5%.
In monetary terms, the volume of commodity products of the plant for January-July 2019 was UAH 1.107 billion that is 42% more than a previous year.
Slovianski Shpalery-KFTB produces several kinds of wallpaper, including washable, duplex, vinyl and acrylic wallpaper. It sells over 2,500 designs under the Slovianski Shpalery trademark.

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NORWAY’S COMPANY STARTS BUILDING SECOND PHASE OF WIND FARM IN UKRAINE

Azovpromenergo LLC has started building of the second phase of Zofia wind farm with a 300 MW capacity in Yakymivsky district of Zaporizhia region, an announcement on the Environmental Impact Assessment Register’s website says. Within the framework of the project, it is planned to set up nearly 72 wind turbines with a capacity from 4,500 MW and 6,000 MW each. The height of the tower will reach 130 meters, rotor diameter is from 145 meters up to 170 meters depending on producer and a model of equipment. The second phase of the wind farm is to produce about 1.2 million MWh of electric power. Its total capacity is 750 MW.
According to the United State Register of Legal Entities, Individual Entrepreneurs and Public Organizations of Ukraine, Azovpromenergo belongs to East Renewable Zofia, which also owns LLC Azovinvestprom that in turn deals with the building of the first phase of the wind farm. However, Norway’s NBT has completed the acquisition of 82% of the charter capital of Azovinvestprom.
As reported, the investment agreement on the construction of a wind farm was signed on January 23, 2019r in Davos. The European Bank for Reconstruction and Development (EBRD), the Nordic Environment Finance Corporation (NEFCO), the Black Sea Trade and Development Bank and others also became parties to the agreement. The organizer of the syndicate of investors was JP Morgan.
In April 2018, NBT bought 100% of Syvashenergoprom LLC (operates a wind farm with a capacity of about 3 MW), and early September, an agreement was signed on the implementation of a project to build a 250 MW wind farm in Kherson region (along Syvash Lake) with the leading role of NBT. In the spring of this year, construction of 67 wind turbines will begin.
Both projects in Kherson and Zaporizhia regions are being implemented by NBT together with the French energy company Total-Eren (a subsidiary of Total).
NBT develops wind farms in emerging markets. The company has offices in Oslo (Norway), Limassol (Cyprus), Beijing (China), Singapore, Kyiv (Ukraine) and Karachi (Pakistan). Corporate management and administration is located in Oslo, while the technical functions and procurement are located in Beijing and Singapore.

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VOLUME OF CONSTRUCTION PRODUCTION BY TYPE IN JAN-JUNE, 2019

Volume of construction production by type in Jan-June, 2019

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OFFICIAL RATES OF BANKING METALS FROM NATIONAL BANK AS OF AUGUST 19

Official rates of banking metals from national bank as of August 19

One troy ounce=31.10 grams

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NATIONAL BANK OF UKRAINE’S OFFICIAL RATES AS OF 19/08/19

National bank of Ukraine’s official rates as of 19/08/19

Source: National Bank of Ukraine