Fuhrlander Windtechnology LLC (Kramatorsk, Donetsk region) is studying the organization of production of blades for wind turbines in Kramatorsk, Deputy Director for Commercial Issues of Fuhrlander Windtechnology Yuriy Shevchenko told reporters during his visit to Kramatorsk organized by Ecoaction and Germanwatch on March 22. “Yesterday, with investors and engineers from Germany we discussed the issue of production of blade. They looked where and how it can be done. The blades are that expensive components of wind turbines, which are not produced in Ukraine,” he said.
Shevchenko said that the cost of organizing this production is from EUR 6 million to EUR 50 million, depending on the output volume and other factors.
Today towers, nacelles and hubs made in Ukraine are used in Fuhrlander Windtechnology’s wind turbines. The largest components that are imported are blades, bearings, generators and gear boxes.
Fuhrlander Windtechnology is the only manufacturer of modern wind power plants in Ukraine. It is engaged in construction of wind farms. The company produces goods on the site in Kramatorsk.
Since 2010 to the present, Furlender Windtechnology has built (equipped with its turbines) Novoazovsky, Ochakivsky, Kerch, Krasnodonsky and Lutuhynsky wind farms. The company also built a wind farm Ereymentau (Kazakhstan). The beneficiaries of Fuhrlander Windtechnology LLC are the co-owner of the ISD corporation Oleh Mkrtchan and the Verkhovna Rada deputy Maksym Yefymov (the Petro Poroshenko Bloc parliamentary faction).
DONETSK REGION, FUHRLANDER STUDYING, KRAMATORSK, PRODUCTION, WIND TURBINE
State-owned enterprise Boryspil International Airport (Kyiv) is ready to allow Ireland’s low cost airline Ryanair to use currently mothballed Terminal F as soon as the airline starts servicing 15 flights a day from the airport. An Interfax-Ukraine correspondent has reported that Boryspil airport Pavlo Riabikin gave this information at a press conference in the airport last week devoted to the arrival of Ryanair to Ukraine.
“As soon as the frequency of their flights reaches 15 a day, we will open this terminal,” he said. He said that now it is planned to service Ryanair’s flights in Terminal D. A year ago Riabikin said that the Boryspil airport could de-mothball of Terminal F if there were enough flights of low cost airlines in the country.
“One of the KPI [key performance indicators] in my contract is the resumption of activities of Terminals F and B. We have already prepared a plan for the resumption of activities of Terminal F for servicing low-cost carriers. As soon as we understand there are 15 low-cost carriers, we will open Terminal F for them, otherwise it will be a loss-making terminal. The terminal is likely to open for the summer navigation of 2018, but flights must be provided for this,” he then said.
Earlier, former head of the airport Yevhen Dykhne noted Terminal F is the demonstration of state mismanagement: when it was being built, it did not fit into the airport development strategy at that time. According to the Ministry of Infrastructure, $40 million was invested in Terminal F in 2009-2014. It had been the base for Ukraine International Airlines since 2010 to 2013. The airport mothballed Terminal F in 2013.
Bogdan Motors uniting the production assets of Bogdan Corporation in 2017, according to preliminary data, saw a net loss of UAH 635.078 million, which is 2.3 times more than in 2016. According to the agenda of a general shareholders’ meeting scheduled for April 24, the uncovered loss of Bogdan Motors by the beginning of this year amounted to UAH 5.878 billion. The current liabilities of the company for the past year increased by almost 74%, to UAH 3.116 billion, long-term liabilities by 8.4%, to UAH 4.101 billion. The number of the company’s personnel over the year grew by 12 people, to 1,043 people.
PJSC Bogdan Motors unites the production assets of one of the leading Ukrainian automakers – Bogdan Corporation (a bus and trolleybus plant in Lutsk and a car factory in Cherkasy). The company in 2016 saw loss fall by almost 3 times from 2015, to UAH 275.2 million, net income decreased by 3.7%, to UAH 644.88 million.
Astarta, a large agroindustial holding in Ukraine, saw EUR 61.84 million of net profit in 2017, and this is 25.2% less than in 2016. According to an annual report of the company posted on the Warsaw Stock Exchange (WSE), its earnings before interest, taxes, depreciation and amortization (EBITDA) fell by 21%, to EUR 120.24 million, while consolidated revenue grew by 24.3%, to EUR 458.6 million.
“The main reasons for this included deterioration of the market environment and an increase in costs due to inputs price inflation,” the company said. The current intention of the Board of Directors is to recommend to the general meeting of shareholders that no dividends are declared for the year ended December 31, 2017 and leave the profit undistributed. The key financial ratios of the company are at a healthy level. Operating cash generation is strong and the balance sheet remains robust, providing flexibility to support sustainable growth.
Astarta is well hedged against volatility of local currency as exports contributed 59% of revenues. According to the report, net profit in hryvnias also fell by 25.2%, to UAH 1.759 billion with revenue growth by 31.8%, to UAH 13.717 billion. Net debt in 2017 fell by 10.7%, to EUR 130.3 million.
The sugar segment, traditionally the largest contributor to the consolidated revenues, generated EUR 201 million (15% up year-over-year) on strong sales volumes. In particular, in 2017, volumes of sugar sales were about 444,000 tonnes, that is almost 14% higher year-over-year and included the highest level of exports in the group’s history, nearly 186,000 tonnes (34% up year-over-year). Sales of granulated pulp increased by 18% to about 31,000 tonnes and sales of molasses grew by 11% to around 99,000 tonnes.
Key export destinations included the EU, Asian and African countries.
Astarta boosted volumes of crop sales by 82%, resulting in the segments’ revenue growth by 67% to EUR 141 million. Export sales in the segment stood at a record level of 89%. Key export destinations included the EU countries, Egypt, Turkey, Tunisia, and others. The soybean processing segment generated revenues of EUR 73 million, demonstrating a correction of 3% year-over-year. Almost 100% of oil was exported with key destinations in Asia and Africa and nearly 80% of meal was exported as well, mainly to the European Union. The share of export sales were 82%.
Astarta is a vertically integrated agro-industrial holding operating in Poltava, Vinnytsia, Khmelnytsky, Ternopil, Zhytomyr, Chernihiv, Cherkasy and Kharkiv regions.
