KYIV. Aug 7 (Interfax-Ukraine) – The Secretariat of Economy of Mexico has imposed provisional countervailing duties on imports of seamless steel tubes from South Korea, Spain, India and Ukraine.
The Secretariat published the decision in official publication Diario Oficial on August 3, 2017.
It was decided to continue the investigation.
Interpipe international vertically integrated pipe and wheel company (Dnipro) told Interfax-Ukraine that the duties would not considerably affect the company, as small batches of pipes were supplied to Mexico.
“The supplies of Interpipe’s tubes to Mexico in the period from 2013 through 2017 totaled only 5,000 tonnes. The sales to this country are not significant for Interpipe. However, the case of the new imposing of the duty on Ukrainian metal products is worrying. Another state imposes trade barriers against Ukrainian manufacturers. It is obvious that the domestic market protection policy and support of domestic producers is a generally accepted practice,” the group told Interfax-Ukraine.
As reported, Mexico’s Secretariat of Economy launched an antidumping investigation into imports of seamless pipes originated from South Korea, Spain, India and Ukraine on December 15, 2016.
The anti-dumping probe was opened against seamless pipes under foreign activity codes 7304.19.01, 7304.19.02, 7304.19.99, 7304.39.05, 7304.39.06 and 7304.39.99 of the Mexican customs tariff.
The investigation was launched under a claim of Mexico’s TAMSA (Tubos de Arcero de Mexico S.A.) where 99% of shares belongs to Italy’s Tenaris.
KYIV. Aug 7 (Interfax-Ukraine) – Largest taxpayers since early 2017 have paid UAH 176.6 billion of taxes. This is UAH 31 billion or 21% more than a year ago, the Office of Large Taxpayers has reported.
“The introduction of practice of personal consultant for each large taxpayer and the gradual automation of processes give good results. The economy is slowly going out of crisis and this means that payments will grow in the future thanks this,” Head of the Office of Large Taxpayers Yevhen Bambizov wrote on his Facebook page.
According to the office, one third of the sum was paid by oil and gas sector – UAH 57.6 billion (UAH 15.9 billion more year-over-year). Ukrgazvydobutok paid UAH 25.553 million, Naftogaz Ukrainy paid UAH 11.383 million, Ukrnafta – UAH 5.501 million and Ukrtransgaz – UAH 4.432 million.
The Office of Large Taxpayers said that one fourth (25.5%) of payments was sent by processing enterprises – UAH 45.1 billion (UAH 2.3 billion more than a year ago). The largest taxpayers were private joint-stock company Tobacco Company B.A.T.-Pryluky (UAH 6.97 million), Philip Morris Ukraine (UAH 5.835 million) and JT International Ukraine (UAH 4.39 million).
Tax payments from mining companies grew more than 1.5-fold, from UAH 24.5 billion in H1 2016 to UAH 43.8 billion in H1 2017 or 24.8% of total payments. Ukrgazvydobuvannia paid UAH 25.553 million, Ukrnafta – UAH 5.501 million and Naftogazvydobutok – UAH 2.298 million.
KYIV. Aug 4 (Interfax-Ukraine) – Vinnytsia dairy plant Roshen, part of Roshen Group, in January-June 2017 expanded geography of exports by four countries, entering the markets of Romania, Poland, Ghana and Nigeria.
The press service of Roshen reported that in 2016 and H1 2017 products were exported to 36 countries.
In H1 0217, the plant exported 5,073 tonnes of dairy products.
The plant sold 14,856 tonnes of products, including 9,348 tonnes sold to the Roshen Corporation, and 435 tonnes on the domestic market.
Exports shrank by 14% in tonnes in H1 2017, while in money terms it grew by 34%.
Vinnytsia dairy plant Roshen started operating in June 2014. Its processing capacity is 600 tonnes of milk a day.
KYIV. Aug 4 (Interfax-Ukraine) – Public joint-stock company Energomashspetsstal (EMSS, Kramatorsk, Donetsk region), the owner of which is Russia’s Atomenergomash, has shipped two rotors for a 800 MW low pressure turbines for India’s Bharat Heavy Electrical Limited (BHEL), the company’s press service has reported.
The weight of the equipment is 117.8 tonnes. Its cost is not disclosed. The equipment was shipped to the customer by rail and by sea.
BHEL is one of the largest Indian engineering and industrial companies. Its core business is electricity generation, distribution and transmission, telecom, oil and gas production. The company producers turbines, transformers, electricity generators, heaters and other equipment.
The press service of EMSS also said that the company signed a contract to supply a large batch of subproducts (29 mechanically processed pieces) to Germany’s EschmannStahl GmbH & Co.KG, with which EMSS has been cooperating for over 10 years.
The products will be shipped from September to December 2017. The weight of the batch is 250.5 tonnes.
KYIV. Aug 4 (Interfax-Ukraine) – The European Investment Bank (EIB) is mulling the provision of a EUR 37 million loan to boost natural gas production in Ukraine.
“The project aims to increase natural gas production by installing new gas compressor units and gas treatment facilities in some Ukrainian gas fields,” the EIB said on its website.
The total cost of the project is estimated at EUR 98 million. Other sources of financing are not mentioned.
The document does not contain the name of the concrete borrower. It says that this is a project to be implemented in the public sector.
KYIV. Aug 4 (Interfax-Ukraine) – British-based Ferrexpo Plc, which controls Poltava and Yerystove ore mining and processing enterprises in Ukraine, in January-June 2017 increased the share of sales of pellets to Central Europe and North-East Asia (NEA), retained to Europe, but reduced to China and South-East Asia.
According to the company’s semi-annual report on the website of the London Stock Exchange (LSE), the share of pellet sales to Central Europe is the largest and stands at 52% (in the first half of 2016 it was 46%).
The share of sales to Western Europe remained at 17%, to North-East Asia rose to 20% from 13%, shipments to Turkey, the Middle East and India increased to 7% from 6%.
At the same time, the share of sales to China and South-East Asia decreased to 3% from 18%.
Exports in monetary terms amounted to $289.714 million to Central Europe, $92.742 million to Western Europe, $120.162 million to North-East Asia, $37.016 million to Turkey, the Middle East and India, and $23.123 million to China and South-East Asia.
Sales and distribution costs in the first half of 2017 were $100.176 million, while in the first half of 2016 they amounted to $101.251 million, and in general for 2016 some $209.530 million.
