KYIV. Nov 18 (Interfax-Ukraine) – The Prometey (Prometheus) group of companies (Mykolaiv region) plans to buy four elevators in Kirovohrad and Khmelnytsky regions soon, boosting their total number to 12.
“Today Prometey is buying four more large elevators in Kirovohrad and Khmelnytsky regions. We have eight elevators and then we will have 12, and we’re going to enter the list of large elevator owners, as we would have a storage capacity of 500,000 tonnes. Right now, our elevators can store 350,000-400,000 tonnes,” Prometey President Rafael Horoyan told reporters at the Global Grain Geneva 2015 conference.
He did not disclose the name of the company that would sell the elevators.
He said that over the past two years the Prometey elevator chain has grown from three to eight. Its truck fleet was expanded by 27 large-capacity grain carriers, and sales have tripled, to 350,000 tonnes.
“I will try to not increase the storage fees for as long as possible. This year we accept grain free of charge and pre-sales storage as well if later suppliers sell grain to Prometey. I hope that at the end of this agricultural year we will reach 500,000 tonnes in sales,” he said.
In November 2015, Prometey opened a second office in Kirovohrad.
In late July 2015, Prometey bought an elevator complex in Mykolaiv region.
Prometey provides grain and sunflower seeds storage and logistics services on the basis of eight elevators in Mykolaiv, Kirovohrad and Kyiv regions.
KYIV. Nov 17 (Interfax-Ukraine) – The Cereal Ukraine group of companies, one of the leading cereal producers in Ukraine, saw EUR 2.756 million in net profit in January-September 2015, which is 10 times up year-over-year (EUR 277,000), the holding company of the group – Cereal planet Plс ( Cyprus) said on the NewConnect market of the Warsaw Stock Exchange (WSE).
The company said that its revenue fell by 10.7%, to EUR 14.925 million, and gross profit grew by 11%, to EUR 3.905 million.
Net cash flow from operating activities over the period was EUR 2.775 million compared to EUR 278,000 a year ago.
Assets grew by 16%, to EUR 8,991 from EUR 7,757.
Cereal Ukraine boosted cereal output by 25%, to 26,775. The group linked the increase in the indicator with the growth of peas and millet sales.
Buckwheat production was 6,336 tonnes (a rise of 4.4% year-over-year), corn grits – 1,080 tonnes (36% down), pearl barley – 1,530 tonnes (5.7% down), peas – 11,266 tonnes (2.7 times up), flakes – 651 tonnes (2% down), pasta – 1,117 tonnes (8.3% up), millet – 1,858 tonnes (47 tonnes a year ago).
Cereal Ukraine is one of the leaders in cereal production in Ukraine. The company produces products under the Olimp, Kashka-Vkusniashka and Vershyna Yakosti trademarks. Its enterprises produce 4,000-4,500 tonnes of cereal per year.
KYIV. Nov 17 (Interfax-Ukraine) – PJSC Freedom Farm International (Kherson) will start a pilot project on the complete modernization of one of its irrigation areas at the end of the year with an estimated total value of UAH 38 million.
Company CFO Dmytro Cherniak said in an interview with the Business edition that the project includes the replacement of obsolete Frigate irrigation machines with modern Bauer electric irrigation machines and an upgraded pumping station.
According to Cherniak, in the past three years Freedom Farm International has spent UAH 15.5 million on the repair and modernization of the company’s irrigation system, in particular, UAH 7.8 million in 2015.
He also said that according to preliminary calculations, in 2015 the share of costs for electricity and water for irrigation in direct production costs will reach 37.9%. Other operating costs associated with irrigation will be about UAH 50 per 1 ha.
PJSC Freedom Farm International was registered in 2004. It specializes in the cultivation of grains and leguminous crops and oilseeds.
KYIV. Nov 17 (Interfax-Ukraine) – DTEK has received a license to export 50,000 tonnes of anthracite lumps not intended for use at thermal power plants in November, the press service of the energy holding has announced.
According to its report, the permit was issued by the Ministry of Economic Development and Trade in coordination with the Ministry of Energy and Coal Industry.
In general, about 110,000 tonnes of anthracite lumps is available for exports.
“Anthracite lumps are technologically not suitable for burning at thermal power plants and is an expensive resource. Exports of this type of coal do not affect the provision of DTEK’s power plants with fuel. Exports will help balance the economy of the company in the conditions of enormous debts for electricity. Energomarket owes more than UAH 6.8 billion to DTEK’s generating enterprises. Funds obtained from coal exports will be used to support coal production at DTEK mines,” DTEK Energo Commercial Director Vitaliy Butenko said.
KYIV. Nov 17 (Interfax-Ukraine) – President of Ukraine Petro Poroshenko and President of Slovenia Borut Pahor have met and discussed Ukraine’s EU integration and the ongoing reforms to improve the business climate and fight corruption in the country, the Ukrainian presidential press service has reported.
“The parties discussed the issue of the European integration of Ukraine and the course of reforms aimed at improving the business climate and to fight against corruption. The president expressed gratitude for the support of Ukraine’s efforts in the introduction of the visa-free regime with the EU as a result of the fulfillment of the program of reforms,” the press service said.
During their meeting, the presidents paid special attention to the security situation in Europe, particularly in the context of recent terrorist attacks in Paris.
“Our position is absolutely clear – we are together with the French nation, we stand side-by-side with them in the struggle against terrorism, we are grateful to France for its powerful support for Ukraine. Today, the whole world must make decisive efforts to prevent the repeat of terrorist attacks. Such victims in the center of Europe in the twenty-first century are inadmissible. The entire world should unite against terrorism wherever it may take place – either in Paris, or in the east of Ukraine,” Poroshenko said.
The Ukrainian president informed his Slovenian counterpart about the situation in the east of Ukraine and emphasized that the recent events in Donbas are evidence of Russia’s non-fulfillment of the Minsk agreements. Poroshenko noted the necessity of clear coordination with the EU regarding sanctions.
Poroshenko expressed gratitude for the assistance of Slovenian for Ukrainians who suffered as a result of the Russian aggression in Donbas. Already, 120 Ukrainian children have rested on the shore of the Adriatic Sea this year. Slovenia has also funded the rehabilitation of four Ukrainian servicemen wounded in fighting in Donbas.
Poroshenko accepted the invitation of his counterpart to visit Slovenia in the first half of 2016, adding that they could discuss the abolition of visa fees for Ukrainians who go to Slovenia to study.
Speaking about the situation in Donbas, Pahor highlighted the importance of full implementation of the Minsk agreements.
“The EU should support Ukraine. It is in the interests of the EU,” he said.
KYIV. Nov 16 (Interfax-Ukraine) – Sanofi international pharmaceutical company could return to the realization of production localization investment projects in 2016, Sanofi CEO for Ukraine and Belarus Jean-Paul Scheuer has said.
“Ukraine will become more attractive for investors. In particular, we started investing in the country and the production of four our medicines was localized. Despite the fact that in the past 18 months we slightly suspended the projects, we plan to return to them. We hope that in 2016,” he said in an interview with Interfax-Ukraine.
Sanofi focuses on solutions for diabetes, human vaccines, innovative drugs, consumer health care, emerging markets, animal health, and is also engaged in the development and implementation of advanced technologies for the treatment of life-threatening diseases.
