AIS group of companies plans to start producing tractors under the KrASZ brand from the components of the leading Asian companies at the Avto-Holding plant (Kremenchuk, Poltava region), AIS has said in a press release.
At the first stage, it is planned to establish the production of agricultural machinery with a capacity of up to 30 hp, which is most in demand among small and medium-sized farms.
“The segment of this equipment has a rather large capacity, according to our estimates, it is more than 17,000 tractors per year, and it is developing steadily. We expect in the medium term to occupy from 5% to 10% in it,” the press service said citing AIS Marketing Director Serhiy Borovik.
The group has not yet disclosed the remaining details of the project, noting that detailed information about the model range planned for production, prices and the start of accepting orders will be announced in August-September of this year.
AIS group of companies, established in 1992, is the national network of auto centers and service stations, spares stores, a manufacturing enterprise, regional automobile warehouses and a logistics center for storage and distribution of spare parts, a customs and licensed warehouse, and a motor transport company.
The net profit of Kyiv-based Citibank in January-June 2019 reached UAH 988.495 million that is by 57.4% more than in the same period in 2018 (UAH 627.989 million), the bank said in its report.
Its net interest-bearing income for the six months came to UAH 968.718 million, a rise of 47.2% year-over-year.
The total assets of the bank over the period decreased by 2.7%, to UAH 24.161 billion, including 23.5% drop in the credits and debts of clients, to UAH 5.475 billion.
The report says that liabilities of the bank fell by 1.7%, to UAH 22.153 billion.
The bank’s charter capital remains the same in the first half of the year and totals UAH 200 million, net worth over the period reduced by 12.6%, to UAH 2.008 billion.
Citibank was founded in 1998. It is a subsidiary of the American-based Citibank NA.
The largest shareholders of the financial institution on January 1, 2018 were Citibank Overseas Investment Corporation (67%) and Citicorp Leasing International LLC (33%).
Citibank ranked 15th among 77 banks in terms of total assets on April 1, 2019 (UAH 22.890 billion), according to the National Bank of Ukraine.
Ukraine has announced a tender for the development of three more hydrocarbon deposits, including Hrunivske (Sumy and Poltava regions), Okhtyrske (Sumy, Poltava and Kharkiv regions), and Ichnianske (Chernihiv region) on the basis of production sharing agreements (PSA).
The corresponding announcements about the tender were published in the Uriadovy Kurier newspaper on August 3.
The area of Hrunivske deposit is 1,083 square kilometers, that of Okhtyrske some 672 square kilometers, and Ichnianske some 2,086 square kilometers. According to the terms of the tender documentation, approved at the end of 2018, the winners on the first and second fields will have to ensure the drilling of at least two exploratory wells and conduct 3D seismic surveys during the first stage of exploration (the first five years). The winner on the third lot will have to ensure the drilling at least three wells and conducting 3D seismic surveys.
The minimum investment for Hrunivske and Okhtyrske deposits is UAH 500 million UAH, and that for Ichnianske some UAH 900 million.
The PSA is valid for 50 years. The state’s share in profitable products should be at least 11% of its total volume, the maximum share of compensation products, due to which the investor will be reimbursed for his expenses, is 70% of the total production. Applications for participation in the tenders are accepted within three months from the date of publication of the announcement of the tenders.
Zaporizhia International Airport in January-July 2019 served more than 280,000 passengers, which is 27% more than for the same period in 2018.
According to the statistics on the airport’s website, the number of passengers served on international flights for the seven months amounted to 214,000 people (an increase of 28%), on domestic flights some 68,000 people (an increase of 22%).
In July 2019, some 51,000 passengers used the services of the airport, which is 13% more than in July 2018. At the same time, more than 40,000 people were transported on international airlines and almost 11,000 on domestic flights.
“Over the past 11 years, since 2008, when they began to systematically collect statistical data, the largest number of passengers — almost 25,500 people — were carried through Zaporizhia airport for the second summer month … In the same month, the largest number of takeoffs was recorded – 356,” the airport said.
PJSC Energomashspetsstal (EMSS, Donetsk region) will produce rolls for a hot-rolling mill of ArcelorMittal Fos-sur-Mer (France) in 2020, an enterprise said in its press release.
The rolls, with a total weight of 105 tonnes meant for production of a steel sheet from two to ten millimeters thick, will be offloaded to the customer in the second quarter of 2020 under the conditions of the agreement signed in July 2019.
Russia’s Atomenergomash of Rosatom Corporation is an owner of the EMSS.
It is the largest Ukrainian producer of special cast and forged products for individual and small-scale production for metallurgy, shipbuilding, energy (wind, steam, hydro, nuclear) and general engineering.
Fos-sur-mer is the second ArcelorMittal steel mill in France that is a part of ArcelorMittal Méditerranée steel construction producer.
ArcelorMittal and Energomashspetsstal have been cooperating since 2011.
Wholesale prices for sugar in the 2019/2020 marketing year (MY, September-August) will increase by 18%, to UAH 13,000 per tonne due to a decrease in production, the press service of the Ukrtsukor National Association of Sugar Manufacturers has said. According to the association, sugar production in the 2019/2020 MY will amount to 1.1-1.2 million tonnes.
“The decrease is primarily due to the reduction in the area under sugar beets and adverse weather conditions. The lack of moisture in the soil affected the development of sugar beets and as of August 1 sugar beets are massively losing the weight of the tops, which, in turn, will lead to low sugar content,” еhe press service said citing deputy chairman of the board of Ukrtsukor Ruslan Yanenko.
In addition, agronomists note common root diseases.
“According to our estimates, 32 sugar enterprises will work this season,” Yanenko said.
As reported, sugar production in the 2018/2019 MY decreased by 15%, to 1.82 million tonnes. In the season, 42 sugar factories worked.
