KYIV. April 1 (Interfax-Ukraine) – Public joint-stock company Luhanskteplovoz, owned by Russia’s Transmashholding (TMH), is operating. The plant in March 2016 fulfilled all its liabilities to customers, first to Russian Railways (RZD), the company reported on Thursday.
“There are still problems with sales of products. Large inefficient expenses appeared due to a delay of a batch of locomotives on the customs border,” the company said.
Luhanskteplovoz failed to pay for spare parts to some companies in Ukraine, Russia, the United States and Germany.
The company also pointed at real challenges with supply of materials and spare parts to the plant.
Luhanskteplovoz said that the problem of non-refunding VAT from the Ukrainian national budget is becoming more acute. The debt has exceeded UAH 750 million.
Director General Petro Karpov said that despite difficulties, Luhanskteplovoz in 2014-2015 produced almost 100 diesel locomotives of various models and other products worth over UAH 3 billion.
Luhanskteplovoz produces trunk and shunting diesel locomotives, electric locomotives and diesel trains.
KYIV. April 1 (Interfax-Ukraine) – Ukrainian President Petro Poroshenko has met with U.S. Secretary of Commerce Penny Pritzker in Washington DC to discuss investments in Ukraine.
“The head of state informed on the course of reforms in Ukraine, which provides new opportunities for the involvement of American investments in the Ukrainian economy,” the Ukrainian presidential press service said.
The interlocutors also discussed the attraction of U.S. loans. The U.S.
secretary of state pledged assistance in the boosting of operations of the Export-Import Bank of the United States and the Overseas Private Investment Corporation (OPIC) in Ukraine.
According to the report, Pritzker backed Poroshenko’s initiative to create a National Investment Council with the participation of leading U.S.
companies.
SEVERODONETSK. March 31 (Interfax-Ukraine) – Severodonetsk-based Impulse research center (Luhansk region) seeks to certify its automatic equipment for railways in Europe by the middle of 2016, Head of the supervisory board Volodymyr Yeliseyev said in Severodonetsk on Wednesday.
“We’re certifying our products in European test laboratories to have a chance to supply them to their markets… By the middle of this year we will obtain a certificate for railways and later for other products,” he said.
Yeliseyev said that the enterprise also intends to certify its own laboratory. The issue has been postponed due to a lack of working capital.
Impulse produces teleautomatic and automatic equipment for railways.
Yeliseyev said the enterprise is preparing some new solutions for railways. He said that this is interesting not only for Ukrzaliznytsia, but also for private companies with their own railway infrastructure, for example quarries and ports.
KYIV. March 31 (Interfax-Ukraine) – Lozova Forging-Mechanical Plant (LKMZ, Karkiv region), part of the UPEC industrial group, has resumed supplies of spare parts to Kharkiv Tractor Plant, the press service of the UPEC Group reported on Wednesday.
“Under the agreement signed, LKMZ supplies spare parts to load the Kharkiv Tractor Plant’s conveyor in full. In March the plant produced and supplied over 90 tractor kits to the Kharkiv Tractor Plant. The Kharkiv plant ordered 20 more kits this month. According to the pessimistic scenario, shipments of tractor kits to the Kharkiv Tractor Plant in 2016 could reach 2,000 dual ratio drive axles and other elements of the gearing system,” the press service said, citing LKMZ Director General Vasyl Chernomaz.
LKMZ supplied tractor kits to the Kharkiv Tractor Plant before 2013. The Kharkiv plant then decided not to buy Ukrainian kits and selected Chinese kits.
In September 2014, the companies announced the resumption of cooperation.
The companies failed to resume substantial cooperation in 2014-2015.
KYIV. March 31 (Interfax-Ukraine) – The Vinnytsia Agrarian-Industrial Group seeks to build an oilseed crushing plant with a daily capacity of 1,000 tonnes of oilseeds.
“We plan to raise $20 million. The funds are needed to expand the land bank, attract additional machinery and build a crushing plant near our elevators,” Company Director Volodymyr Bartsos said in an interview with the Forbes Ukraine publication.
Bartsos added that if the holding manages to raise more funds, its land bank could be expanded by 15,000 ha every year.
The Vinnytsia Agrarian-Industrial Group is a large agricultural producer. It cultivates around 50,000 ha in Vinnytsia and Khmelnytsky regions. The group has four elevators with a total storing capacity of 250,000 tonnes.
